The law signed by President Obama a few days ago, does not only extend the Bush tax cuts but also includes new business tax cuts. Now might be a good time to start a small business such as a franchise like a vending machine business) or a small mom and pop type operation.

There are about 50 tax breaks in all. Some of these expired in 2009 when lawmakers couldn’t decide how to pay for them. These tax cuts will expire each year unless extended.