• Tax Planning When Selling Your Business

    There are many considerations when selling your business, not the least of which is the tax implications. The impact, of course, varies on several criteria. Some of which are your tax bracket, how your business is structured (Sole Proprietor, LLC, S-Corp, C-Corp, what type of sale it is (Asset or Stock), and the terms of the sale itself. Midwest Group always recommends you talk with your accountant prior to engaging a broker to sell your business so that you are aware of the potential tax ram…

  • Small Business and the Trump Tax Plan

    According to this story and video from CNBC, the Trump tax plan has several benefits for small business.