The weather roared in like a lion this year. As business owners, we all hope the potential increase in capital gains taxes doesn’t roar in for a few years to come. Pressure to increase the capital gains rate will come to bear as Covid-19 bailout funds currently total $5.7 Trillion dollars and could increase. The current Capital Gains Rate of 20% could be increased to a whopping 37% plus a 3.8% surcharge. Most experts believe major tax changes will happen in 2022 or 2023 as politicians focus on stimulus in 2021. With this in mind, many business owners are accelerating their plans to sell in order to take advantage of the current Capital Gains Rate. Is it time to sell your business? Call us today at (972) 267-9003. Not ready to sell but would like to prepare for the future? Capital gains taxes are applied to the difference between the sale price and the value of an Owner’s Investment. This is called the basis. Contact your tax advisor about establishing your current fair market basis. Your advisor my suggest a USPAP valuation to set the basis for a future sale. Your advisor will give you all the pros and cons for your current situation. Gateway’s knowledge of the business transaction process will provide you the guidance and advice needed to navigate the complex and stressful process of selling your school. Our brokerage firm has a track record of successful business sales since 1998 in North Texas. Most corporate buyers have acquired multiple businesses while you may be experiencing your first sale. Put our experience in your corner. At Gateway School Sales we don’t just list businesses we sell them. Because of our success we are able to celebrate over 20 years closing successful transactions. Call Gateway School Sales today to learn more about how we can sell your school.