| Tax issues' complexity grows
Many small-business owners meeting with their accountants this month and next may find that year-end tax planning and projections for 2008 are a little more complicated than usual because of the uneasy economy. "We're finding a lot of clients due to the economy aren't doing as well as they've done in previous years," said Jeffrey Berdahl, a certified public accountant with Berdahl & Co. in Center Valley, Pa. "We're not seeing as much of top-line revenue growth." For many business owners, that means cash flow isn't as healthy as they'd like. And so decisions typically made toward the end of the year -- for example, whether to buy new equipment or whether to set up a retirement plan -- need to be thought through even more carefully. As always, what businesses do for the balance of the old year needs to be considered in the context of projections for 2008.
New push on health care in the works
The failure of his massive health-care plan to pass the Illinois General Assembly this year hasn't discouraged Gov. Rod Blagojevich, who will ask the legislature next year to create a state-regulated pool of affordable private health-insurance policies for individuals, families and small businesses. .
Economy makes tax planning harder
NEW YORK: Many small-business owners meeting with their accountants this month and next might find that year-end tax planning and projections for 2008 are a little more complicated than usual because of the uneasy economy. ''We're finding a lot of clients due to the economy aren't doing as well as they've done in previous years,'' said Jeffrey Berdahl, a certified public accountant with Berdahl & Co. in Center Valley, Pa. ''We're not seeing as much of top-line revenue growth.'' For many business owners, that means cash flow isn't as healthy as they'd like. And so decisions typically made toward the end of the year for example, whether to buy new equipment or whether to set up a retirement plan need to be thought through even more carefully. As always, what businesses do for the balance of the old year needs to be considered in the context of projections for 2008.
Small Businesses: A Con Man's Best Hunting Grounds, Warns Jack Payne
The increase in small and home-based businesses has spawned a new breed of scam artists, according to business expert Jack Payne, author of 55 business books and the legal thriller Six Hours Past Thursday (ISBN 1-59113-502-8, Impact Books, http://www.sixhrs.com). Scammers are more sophisticated, more adaptable and more ruthless than ever before -- and they're targeting unsuspecting entrepreneurs. .
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