Highlights of the Small Business and Work Opportunity Tax Act of 2007
July 2007
By: Hannis T. Bourgeois, LLP
On May 25th, the President signed the Small Business and Work Opportunity Tax Act of 2007 (SBWOTA). Passed in conjunction with legislation to continue funding the war in Iraq and to raise the minimum wage, the tax-related provisions are designed in part to provide benefits to small businesses likely to be hit hard by the $2.10 per hour increase in the minimum wage. Read more»
