Small business owners who want to give their companies a midyear checkup may find it hard to forecast what the rest of the year will bring. Both tax laws and the economy are in fluc and unpredictable right now.
Many business owners findIt's really hard to plan right now, because nobody knows what's going to happen down in Washington and in Salem.
How will lawmakers change capital gains taxes, both on the federal and stat level? What about changes to the federal alternative minimum tax, whoch could effect businesses that anticiapte, or are planning large write offs.
It's widely expected that federal tax rates will go up next year. So business owners who are expecting to have a better 2011 need to factor that into their 2010 planning.
Here are some issues that small business owners should contemplate before the end of 2010.