Sageworks Blog

Jan03

Does “Fiscal Cliff” deal address businesses’ concerns? Mary Ellen Biery [email] Research Specialist

Jan 03, 2013 09:23

Congress has approved a temporary fix for at least part of the “Fiscal Cliff,” but with many questions remaining about future legislative action, it’s unclear whether it will be enough to address concerns of many U.S. business owners. In fact, a recent survey by Sageworks found that the uncertainty surrounding the fiscal cliff has been directly impacting the strategic decisions of many owners. [More]

Jan 02, 2013 15:08

The Wall Street Journal has an excellent summary of business-related provisions that were included in Congress’ “Fiscal Cliff” deal. The newspaper notes that restaurants, multinational corporations and producers of energy efficient appliances are among the types of companies that stand to benefit from the extension of several business-related rules. [More]

Jul 11, 2012 14:28

The year 2012 began with the fate of the "Bush-era" tax cuts uncertain, and no resolution appears in sight. The Congressional Budget Office has estimated that extending all of the "Bush-era" tax cuts would cost $2.84 trillion over 10 years. Democrats and Republicans remain far apart on whether to extend all or some of the "Bush-era" tax cuts and other tax incentives scheduled to sunset after 2012. Reaching an agreement between the Democrats and Republicans before the November elections is not likely. The likelihood of a lame-duck Congress deciding the fate of the "Bush-era" tax cuts is increasing daily. Also growing daily is the uncertainty many taxpayers face in tax planning for 2013 and beyond. -- Guest post by Lori Figlioli of Alpern Rosenthal. [More]