Tax Warrior Chronicles

Proposed Capital Gains Rate Increase Impact on the Sale of a Family Business

Posted on Fri, Aug 27, 2021

By: Sherri Sorbello, CPA


Among President Biden’s tax proposals is an increase in the long-term capital gain tax rate from 20% to the top ordinary tax rate (37% for 2021 or 39.6% for 2022) for taxpayers with adjusted gross income (AGI) over $1 million. At the time of the publication of this blog, it is unclear if this change, if enacted, will be retroactive to a yet-to-be determined date in 2021 or if it will take effect as of January 1, 2022. For those looking to sell a family business, planning for the potential higher tax rate is essential to ensure you net the greatest cash flow from the sale of a business.

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Keep Your Eye on the Exit

Posted on Thu, Oct 11, 2018

By: Michael W. Donahue, CPA, CFP, MT


In the past few years, we have assisted family business clients in a time of strong economic growth. This growth continues across many industries. In meeting with these clients, we’ve noticed an increase in the owners’ interest in “cashing in” on their businesses’ value. Getting to the best possible sale price is the focus of today’s blog.

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