Monthly Archives: December 2012

The fiscal cliff and uncertainity for the small business

Now that we have survived the end of the Mayan world and are heading  towards the end of the fiscal world and over the fiscal cliff I continue to think about the potential impact to small business owners.  A recent post by Catherine Clifford makes several good points.   In her blog  “Business Owners Want Fiscal-Cliff Deal for Customers”  ( http://www.entrepreneur.com/blog/225339)  she reminds us that:

Ninety-seven percent of small businesses make less than $250,000, roughly equivalent to 32 out of 33 small businesses, says Sam Blair, the Main Street Alliance network director.…

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Year End Reveiw and Paying Some Taxes

As I start the planning process for the next year, I try to allocate sufficient time to review the current year to date results. With several of the small businesses I am an on demand CFO at, several common issues keep coming up. Business owners are being advised by their accountants, tax preparers and collogues, to increase spending at year end so as to lower taxable income and the amount taxes owed.…

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