Buying a business generally is less involved and less costly than building a business from the ground up. An existing company already generates revenue and has an existing customer base. The challenge is finding the right business to purchase. Some important things to consider:
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The dreaded “Kiddie Tax” is undergoing some changes in 2018, both good and bad. For those familiar with the Kiddie Tax, rates on dependent’s investment income will no longer be subject to the parent’s marginal tax rate. For some this is welcomed news and for others there is a catch. This article will breakdown the Kiddie Tax changes and how exactly it will impact taxpayers in 2018 and beyond… 2025 if the changes aren’t extended.
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