The next four years may prove challenging for small-business owners. According to Dr. Jeffrey Cornwall, the Jack C. Massey Chair in Entrepreneurship and Director of the Center for Entrepreneurship at Belmont University in Nashville, Tenn, it is a near certainty that taxes on small businesses will increase. This includes the potential approval of a Value Added Tax (VAT).
The trend of increasing regulations will continue, which will increase the lead time to launch projects and the administrative costs of management. Healthcare reform will remain an unknown, as the agencies tasked with implementing the reform are still working out the details.
Learn more at The Christian Science Monitor.
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