PARSIPPANY, N.J., March 28, 2012 // PRNewswire // -- Small business owners, including entrepreneurial start-ups, franchises and mom-and-pop stores, are the cornerstone of the U.S. economy. According to the U.S. Small Business Administration, there were more than 27 million mom-and-pop and other small businesses in the U.S. in 2011(1). These small businesses typically account for more than 60 percent of all net new U.S. jobs(2). To support and encourage small business growth and hiring, the government has created billions of dollars in tax relief, including the Small Business Jobs Act, the HIRE Act and the Tax Relief and Job Creation Act.
In observance of National Mom-and-Pop Business Owner's Day, on March 29, Jackson Hewitt Tax Service® is recognizing mom-and-pop and other small business owners with important tax tips and advice to help them achieve the best bottom line on their business and personal taxes.
"As an organization with franchises at its core – many of which are family run – Jackson Hewitt recognizes the importance of small businesses and the unique tax breaks available to them," said Mark Steber, chief tax officer, Jackson Hewitt Tax Service Inc. "For independent small businesses and other small enterprises, taking the time to learn about relevant tax laws may help add dollars to their bottom-line at tax time."
Steber cites the following five tax breaks small business owners should keep in mind when filing a return this tax season:
Operating as small businesses themselves, Jackson Hewitt offices throughout the U.S. are experienced in preparing tax returns for sole proprietors and mom and pop businesses. Use the Office Locator feature available on www.jacksonhewitt.com or call 1-800-234-1040 to find the Jackson Hewitt location most convenient to you.
(1)The Importance of Extending the Payroll Tax Cut
Based in Parsippany, NJ, Jackson Hewitt Tax Service Inc. is an industry-leading provider of full service individual federal and state income tax preparation, with nearly 6,500 franchised and company-owned locations throughout the United States, including 2,800 located in Walmart stores nationwide. Jackson Hewitt Tax Service® also offers an online tax preparation product at www.jacksonhewittonline.com. For more information, or to locate your neighborhood Jackson Hewitt® office, visit www.jacksonhewitt.com or call 1-800-234-1040. Jackson Hewitt can also be found on Facebook and Twitter.
David G. Weselcouch
Jackson Hewitt Tax Service Inc.
CooperKatz & Company
SOURCE Jackson Hewitt Tax Service Inc.