As Washington lets the country slide cliff-ward, small business owners are ending the year with little clue as to what tax policy will look like next year. In the absence of a deal to soften pending tax hikes and spending cuts, rates are set to go up for most taxpayers. Any compromise that President Obama agrees to will likely mean higher taxes on top earners. Despite the uncertainty, planning now can help business owners navigate the foggy depths beyond the fiscal cliff. Here are four lessons from Smart Answers columnist Karen E. Klein‘s reporting that can guide you.
How to plan for expiring tax cuts:
