Opportunity Knocks for Small Business Owner!!



By Carol Bennett

Do you want to sell your business now?  The new tax laws are already helping small businesses save money.  Buyers on the other hand are keeping a close eye on the interest rates for loans.  Consider where we are with the economic growth and recent world affairs that continue to change, especially in the last six months.  Keep tuned in with news headlines which will help keep tabs on whether the global benchmark will change.  Here are four important areas to consider if you are thinking about waiting for the “perfect moment” to sell:

  • Small Business Tax Benefits

Small Business planning will be critical probably through December 2025.  Since the “Tax Cuts and Job Act of 2017” went into effect, there are new rules, some bad, some good.  For example, a positive is that business deductions on net income went up to 20%, on qualified small business income.  On the flip side, travel and entertainment deductions have changed and deductions to employees may end up on a W-2.  

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.