Treasury's proposed definition of "small business" could have big tax implications

08/22/2011 | Bloomberg Businessweek

The Treasury Department is considering adding an upper limit of $10 million in revenue to its definition of "small business," which could lead to higher taxes for companies that fall above that limit. Flow-through companies -- businesses that directly pass along their profits to their owners -- are in greatest danger of experiencing a tax increase under the new definition, observers say.

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