Small business owners are feeling frustration, relief and confusion in the wake of the
“fiscal cliff” deal that defined some key tax provisions for businesses
and individuals. There remains a lingering cloud of uncertainty.
According to industry reports, menswear should exceed $402 billion in
2014. Obviously it´s big business--and growing. And now actor Blair
Underwood has entered the fray. K&G Stores recently announced
Underwood has teamed up with them for the Blair Underwood Designs.
This week, the Republican-controlled United States House of
Representatives approved President Obama's proposal to end previously
enacted income tax cuts for the wealthiest Americans. The vote of 257 to
167 came within 24 hours of the Senate announcing their support for the
Congressional members in both the Senate and House have passed a bill
that will prevent the fiscal cliff that many small business owners
worried about last year. There is both good and bad news regarding
changes to the tax law that will affect small businesses in 2013. The
Joint Committee on Taxation has compiled 10-year tax estimates.