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.
There are no second acts in America, wrote F. Scott Fitzgerald, but the
great writer never heard of Alvin Reed. After struggling valiantly to
hold on to his precious Lenox Lounge in Harlem, it became a daunting
task and he finally let the commercial space go, the doubled rent hike
was his own personal fiscal cliff.