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New Legislation Provides Tax Breaks To Small Businesses Signed into law by President Barack Obama on September 27, the Small Business Jobs Act of 2010 extends a number of existing tax breaks for small businesses, introduces new provisions designed to stimulate business investment and ease tax burdens on business owners, and offers incentives for 401(k) plan participants to roll over funds to Roth accounts. Mutual Fund Expense Ratios In 401(k) Plans Slightly Higher In 2009 Even as more 401(k) plan participants shifted their investments toward lowercost mutual funds, the average expense ratios for stock and bond funds in 401(k)s were higher in 2009 than in 2008. This is largely due to the decline in the value of the underlying assets, according to an annual report published by the Investment Company Institute (ICI). Employee Tenure Shows Signs Of Increasing While the length of time workers are staying with their employers appears to have risen over the last two years, a portion of this increase likely reflects job losses among less-senior workers as a result of the economic downturn, according to a report on employee tenure trends by the U.S. Bureau of Labor Statistics. |
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