by Erin McDermott Is your small business’s annual tax-season game of Beat the Clock becoming too much of a nail-biter? As rules have become more complex in recent years, the stigma of seeking a tax-filing extension has lessened, with more than 11 million U.S. taxpayers filing for one each year. The need to have extra time to file a return has grown as the complexity of the tax system has increased. “You have to look at the rules to believe it. Life has become so much more complicated,”...

by Reed Richardson. At the end of a volatile year, a flurry of changes to the tax code passed, many of which could have a significant impact on the financial fortunes of small businesses and start-ups. Here’s a rundown of what changed, what didn’t, and what you need to know before filing your taxes for 2010. Section 179 Expensing: In an effort to reward businesses that invested in expansion and infrastructure last year, the federal government more than doubled the maximum allowable...