New Tax Changes in Washington Could Affect Your Business Exit Strategy
Attention Washington Business Owners
Washington State’s new budget includes significant tax legislation that may impact your future business plans.
Senate Bill 5813 increases the capital gains tax from 7% to 9.9% on assets over $1 million—an important change for anyone considering the sale or transition of their business.
If you’re a business owner contemplating transitioning your business and curious how this legislation will impact the net tax proceeds of your transaction, please reach out to John O’Dore or Ed Kirk.
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