James Price of San Diego Weighs in on Looming "Tax Cliff"

PHILADELPHIA, PA, October 05, 2012

Throughout the 2012 election season, there has been ample discussion about the level of taxation levied at the very affluent, particularly business owners and CEOs of large corporations. According to a recent Washington Post article, however, the owners of large businesses are not the only ones anxious to see what their taxes will look like in 2013. A looming "tax cliff" makes it unclear exactly what kinds of tax breaks business owners will receive in the near future, and, according to the Post, these uncertainties affect not just the owners of large corporations, but also of small businesses. As many small business owners express worry over what their taxes will look like in 2013, James Price of San Diego has weighed in with a new statement to the press.

James Price is the CEO of San Diego-based company Aero Financial, which offers an array of planning and accounting services to small and mid-sized businesses. In his new press statement, Price says that the biggest obstacle to business owners right now is not any particular piece of tax legislation, but simply the lingering sense of uncertainty. "Nobody knows what kinds of spending cuts will be approved for 2013, nor how these cuts could potentially affect businesses of all sizes," he notes. "As such, many small business owners feel paralyzed, unable to act because they do not know what their financial circumstance might be in just a few months' time."

Likewise, the report from The Washington Post acknowledges that many small business owners are delaying hiring new employees or making investments that could ultimately prove beneficial, simply because they are uncertain as to whether they can count on the renewal of certain tax breaks, many of them dating back to the Bush Administration.

According to James Price of San Diego, however, consultation with a business accountant or financial planner can go a long way. "A business cannot really operate effectively if it cannot make plans for the future, or at least anticipate different scenarios that might arise," he explains. "While nobody knows what this 'tax cliff' will really entail, a financial professional can help business owners lay out different possibilities, and to pragmatically assess what they can and cannot afford at this uncertain juncture."

James Price is a long-time entrepreneur with close to three decades of experience in the financial sector. His vision at Aero Financial is to help transform underperforming companies into truly profitable ones. James Price of San Diego offers his clients an array of accounting and financial services, as well as social marketing expertise.

ABOUT:

James Price of San Diego is the Chairman and CEO of Aero Financial, a firm devoted to providing superior business development and marketing services to companies of all kinds. With 25 years of experience in the financial sector, Price is skilled at discovering promising, under-funded business ventures and building them up through public financing options and investment banking. A proud veteran of the United States Army, James Price currently sits on the board of numerous organizations, including the YMCA of San Diego and the I AM Foundation.

Website: http://jamespricesandiego.com