Small businesses may be facing a variety of regulatory changes after January 1. Payroll service provider Paychex outlined a list of 13 potential regulatory changes for small businesses in 2013.

1. Fiscal Cliff: The unprecedented convergence of several major events at the year-end—known as the “fiscal cliff”—will affect virtually all businesses and have broader economic implications for the nation unless an agreement is reached. The current payroll tax holiday would expire, as would the lower “Bush-era” federal income tax rates (a particularly difficult scenario for the many small businesses set up as “pass-through” entities, wherein business income is taxed at their owner’s personal rate). Mandated federal spending cuts will also have direct or indirect effects on many companies. Capital gains and estate tax rates will increase, dividends will be taxed as ordinary income, and several popular current tax credits will end.

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