Taxes on Selling Yoor Business Are Set To Increase in 2013

The tax on sales of a business is set to increase in 2013 with 50%.The Bush-era tax cuts enacted in 2001 and 2003 which reduced the capital gains tax rate from 20% to 15% were set to expire at December 31, 2010.  However, after the extreme pressure from Congress, President Obama extended the capital gains tax cut until December 31, 2012.Capital gains are set to increase back to 20% in the next 12 months!  In addition, a new tax of 3.8% will be added on top of the 20% capital gains rate for single taxpayers with income over $200,000 and income over $250,000 for married taxpayers.This additional 3.8% tax is the result of the Medicare tax being extended beyond wages to investment income per the National Healthcare Reform Act of 2010.
So if you are a business owner and you are thinking of selling your business 2012 is the time.
 There are aspects of real estate sales that seem pretty simple. There are many elements of a smooth transaction, however, that are complicated and daunting.The relationship between a business buyer or seller and their agent is based on trust, shared goals and understanding.  I strive to continually improve and to do this I listen and take the needs and wants into consideration.

I can help you with every aspect of buying or selling your business because I’m experienced, because I’m professional . . and because I care. 
For more information call Ivan Dealmaker at 813-215-6801 or visit www.ivandealmaker.com