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Franchise Update July 13th 2009

In this week's Franchise Update, we are reporting on a top new entrepreneur blog as well as changes in tax law which will benefit small business owners.

Click here to download this week’s Franchise Update, or watch in the player below: [flv][/flv]

The New York Times have begun publishing a regular blog entitled “You’re The Boss”. The blog explores issues facing entrepreneurs today and especially looks at the current economic crisis and ways in which entrepreneurs can run their businesses to their best possible potential in order to keep their businesses turning a profit during turbulent economic times.

The IRS have failed to win a court action to limit the amount of tax deductions claimed by investors in small businesses. The findings could have implications for small business owners across all sectors of business in the US. The court ruling specifically affects  investors in limited-liability companies and limited-liability partnerships and could benefit individuals who work in several businesses. With this ruling, losses from two businesses could offset salary or investment income earned by both.

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