The Tax Man Cometh: 2010 & 2011 Tax Changes will Challenge Business
As reported in the pages of In Business magazine.
Given the shifting political winds, maybe they won't be enacted, but the tax and accounting changes that await businesses in 2010 and beyond are said to be "baked" into the federal budget. Some are less menacing than others, but the sheer volume will require planning and adjustment on the part of businesses.
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Tighter Credit: Friend or Foe of Business?
As reported in the pages of In Business magazine.
Federal bank regulators are leaning on banks to tighten credit, but area bankers say that's no cause for alarm, even in a recession. Here's their view of the credit equation.
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Obama's Pledge: History of Presidential Tax Promises isn't Encouraging
For Ronald Reagan, it was about channeling Clint Eastwood: "I have just one thing to say to the tax increasers: Go ahead, make my day!" (They tried, but Reagan is more known for revenue neutral tax reform than tax increases.)
For George H.W. Bush (the elder), it was "Read my lips, no new taxes." That promise didn't last a full term, which helps explain why he only served one.
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Economists See Slow Progress to Recovery
As reported in the pages of In Business magazine.
IB's query of economic experts produces a bit of advice for area businesses based on national economic trends: Hoard your cash for a slow, choppy recovery.
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