Thinking of Selling? Consider some tax changes that may affect you.
It may be in your best interest to accelerate the sale of your business to this coming year. We are expecting the Bush era tax rates enacted in 2001 and 2003 to expire in the next 12-18 months and a new tax of 3.8%(part of the affordable health care act) will be layered on top of the capital gains rate for single taxpayers with income over $200,000 (and income over $250,000 for married taxpayers). The combined effect will increase your federal long terms capital gains rate from 15% to 23.8%: more than a 50% increase!
Featured Businesses
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Recurring Revenue Home Services Provider
Profitable, growing business with a well-established brand and operations. Sizable number of recurring customers and significant opportunities for growth.
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Mid-coast Restaurant, Commissary and Catering
Prime downtown location, loyal year-round clientele, plus seasonal tourism. Unique space balances comfort with refined charm.
