While the prospect of a large immediate payout may be enticing, it’s important to bring your attorney or accountant into the discussion early, so they can advise you on potential options to help mitigate tax consequences, such as establishing a charitable vehicle or passing assets to the next...
and to intangible assets such as goodwill. The allocation will determine the amount of capital or ordinary income tax you must pay on the sale. It will also have tax consequences for the buyer.
Recognising and articulating how your business aligns with the buyer's strategic ambitions or investment strategy allows for more targeted and effective negotiations, positioning your company as an indispensable asset to the buyer's future plans. Navigate the competitive consequences of selling your busine...
Consult with a tax professional to learn about the tax consequences associated with the sale and your sudden wealth. How Do I Sell a Franchise Business? You'll need to work in conjunction with your franchiser, as they have some say over the sale. The new buyer will need to sign afranchis...
After the successful sale of your NJ business, Hanlon Niemann & Wright will be there to help you with: Corporation formation and business planning: Our service to you begins when the articles of incorporation are first written. Businesses must plan for profitability, tax consequences, employment is...
Buying and selling a business can be a complex transaction with many tax issues. These issues include whether the transaction is or should be a stock or an asset sale when the business involved is a corporation, as well as the tax consequences associated with the sale of a partnership or a...
your industry and price point. By coordinating with your legal and accounting advisers during the intricate structure negotiations, we will minimize tax consequences while enhancing the net proceeds to you from the sale. Our ultimate goal is to transfer your business to new owners for the best ...
There's also the possibility of other tax consequences when selling a home with a large profit. For example, boosting adjusted gross income can affect eligibility forhealth insurance subsidies, and may require someone to pay back premium credits at tax time. ...
Usually when a business is sold, it is a taxable supply that is subject to value added tax (VAT) at the standard rate of 15%. There is, however, a provision in the Value Added Tax Act 89 of 1991 (VAT Act), section 11(1)(e), which allows for the sale of a
114. Are there tax consequences for transferring the title to my home in a divorce? A transfer tax, which is like a transaction fee, is a tax that can result from the transfer of property from one party to another, especially pursuant to a divorce. These transfer taxes can apply at both...