How will the 2013 Tax Laws Impact You?

If you are concerned about the changes occurring at the end of 2012, you should be. CCH has released a new Tax Briefing: 2012 Year-End Tax Planning to provide guidance and analysis on potential tax rate changes, in anticipation of the Bush-era tax cuts, post-election tax triggers and other scenarios. The briefing comes as headlines warn of an approaching “Taxmageddon” and “fiscal cliff” at the end of the year.

“The timing of all the possibilities that could impact the Tax Code is really creating a perfect storm of confusion,” said CCH principal federal tax analyst Mark Luscombe in a statement. “The challenge for all taxpayers is to know which tax incentives may expire, what new ones could be introduced and be ready to plan accordingly, especially after the November elections.”
Some of the business laws that could be impacted include:

Qualified Leasehold/Retail Improvements Retaurant Property
Work Opportunity Tax Credit
Research Tax Credit
New Markets Tax Credit

With the election ONLY A FEW weeks away, there is no way to predict how the government will respond to these critical tax options. Being prepared for any scenario is key to accounting survival

W.E.S. Consulting is led by Bill Scaccianoce, an 18 year veteran at Ernst & Young, Bill is now bringing his 30 plus years of experience to small and mid-sized companies by helping them to optimize cash flow and profitability. His customized strategy will begin with a free 90 minute consultation and needs assessment. Then, working with your company’s leadership, Bill will strive to create value through direct, measurable objective planning, diligent engagement management, efficient client billing, and cost containment. By strengthening fundamental processes, and providing timely analysis, Bill has continually given his clients long-term financial benefits and a competitive edge.