Small Business and the Fiscal Cliff – Updates
All you hear anymore on the news are the politics of the “Fiscal Cliff”. While Congress has finally taken the first steps to avoiding this pitfall, not all of the problems have been resolved. What has been resolved, for the most part, are the tax issues of the Fiscal Cliff. Below is a chart to help simplify what tax changes for the year 2013 will take affect and what those implications are.
For some extra reading on the fiscal cliff, click on the links below.
For extensive knowledge of the fiscal cliff tax implications, CCH Tax Group has prepared the following document.