[campbellcj]

I guess I could also add that small businesses have different motivations and flexibilities compared to large/public companies; specifically, there is a big focus on 'optimizing' profit/retained earnings vs. taxes at the end of the fiscal year. We will typically try to balance investment in new hires, equipment etc. with bonus comp to key personnel and keep taxable profit at a somewhat 'fixed' level. In a good year, bonuses can be quite significant (5-6 digits) and I see them as a worthwhile 'golden handcuff' to incentivize the top people to stay and do even better the next year, vs. handing a big chunk over to Uncle Sam.