Preparing your practice for "Taxpocalypse"
Taxmegeddon? Taxpocalypse? Recently, the blogosphere has been rife with articles warning of dire tax consequences in 2013, when favorable tax provisions expire, and federal income taxes increase. If Bush-era tax breaks are allowed to lapse, a fiscal cliff could occur that would affect small businesses, including dentists. Some options, such as scheduling major purchases before year’s end, could offset losses in tax breaks. Source member Ryan Greenway, of Greenway & Company, details your options in a recent Source article.