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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Southern Maine Specialty Commercial Construction Business
Acquire a well-established specialty construction services business with a defensible market niche, experienced workforce, strong demand drivers, and significant opportunities for continued growth.
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2025 and Business Brokerage in Maine & New Hampshire
Happy New Year. Much has changed in the last few years with the business brokerage market, giving Buyers and Sellers more resources, channels to connect and choices to utilize.