Tax Cliff Uncertainty Makes Planning Difficult for Entrepreneurs

Congress must reach an agreement on expiring tax provisions as soon as possible because small businesses are being impeded from long-term tax and cash flow planning and prevented from making informed decisions. That is the message Jeffrey Porter, vice chair of the AICPA Tax Executive Committee, delivered to the House Subcommittee on Economic Growth, Tax and Capital Access in a hearing on Thursday in Washington.

The AICPA has seven recommendations for Congress to consider when enacting permanent estate, gift, and GST provisions.  See the full article and the 7 Tax  recommendations here.