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    Selling Your Small Business

    Small Businness, Business Valuations, Selling Your Business

    Selling a small to medium-sized business is a complex venture, and many business owners are not aware of the tax consequences.

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    2 NEW STANDARDS AFFECTING YOUR BUSINESS VALUATION

    Business Valuations

    FASB CLARIFIES THE DEFINITION OF A BUSINESS AND SIMPLIFIES THE GOODWILL IMPAIRMENT TEST

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    BUSINESS VALUATIONS LETTER: RECAP OF 2016

    Business Valuations

    As thoughts turn to the tasks to be accomplished in 2017, it may be helpful to recap what topics were covered in 2016, as well as touch on the Valuation newsletter focus for 2017. As you are working on strategic planning for the year, you may find it useful to reference these topics.

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    Proposed IRS Regulations WOULD Increase Taxes For Many FAMILY Businesses

    Family Business, Business Valuations, Valuation

    IRC Section 2704 Update

    As discussed in last month’s newsletter, proposed changes by the IRS to Section 2704 of the Internal Revenue Code would increase taxes for many family businesses.  The proposed regulation would effectively eliminate valuation discounts when transferring or gifting ownership interests to family members.  As currently written, the regulation would impose a de facto 25 to 50 percent “stealth” tax increase on each transfer or gift, and severely hamper many of these businesses.

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