Tag Archives: baby boomers

Buffing Your Business for a Future Sale

    There are in excess of 10,000 people per day turning age 65. It follows that a large percentage of these people are business owners that are starting to have thoughts of selling their business, or transition them to the next generation. Many would-be sellers have put off selling due to the poor economy, […]

Home Sale Gain Exclusion Restrictions for Second Homes

Many taxpayers bought a second home, such as a vacation home, with the intention of later converting the second home into their principal residence. Under pre-2008 Housing Act law, those taxpayers could have excluded up to $250,000 ($500,000 for certain joint filers) upon a later sale of that former vacation home as long as the […]

How Selling Your Business Isn’t Like Selling Your House: 3 Prep Items that Will Help to Get You the Best Price

The only way that selling your business is like selling your house is the actual decision to do so. Selling your business for the best possible price takes some homework that is worth every minute you put into it. Here are the first three things to do before considering selling your business: Think five years […]