Now Is Not the Time to Pay Too MuchBy Ron Hodgeman
Article Date: 09-01-2012
Copyright(C) 2012 Associated Equipment Distributors. All Rights Reserved.
Many profitability factors are tied to government action – or inaction – but several tax strategies are accessible to dealers regardless of Uncle Sam’s whims.
Over the last few months, a lot of attention has been given to the "fiscal cliff" and what it means to our economic recovery. The uncertainty of what will happen in the tax law is driving many companies to put strategic business decisions in limbo and suspend hiring and investment in new capital investments. While I share these concerns, I worry that the media attention given to the fiscal cliff is distracting companies from focusing on the things that are not dependent on government action and that can be acted upon right now.
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