The Cliff

As was mentioned on the last blog, there has been a bit of uncertainty and nervous energy focused on the fiscal cliff. Well,the cliff was averted for most people, and the wealthy weren’t guillotined. The stock market responded favorably. Since the new laws were made permanent we can now focus tax planning…

This article from Entrepreneur magazine is a really good summary of the tax rules that were negotiated last week.

If you are a business owner or plan to be, or plan to sell your business, this will be of particular importance to you. As always, check with your accountant to determine the impact on your personal situation.

Call your Apex Business Advisor to assist with your exit strategy.