New Small Business Tax Proposal Create Opportunities Says NJ Business Broker, Achim Neumann
On Monday, the White House announced several small-business initiatives, including an extension of the permanent capital-gains tax relief for small companies investors. According to Achim Neumann, a NJ business broker, this creates new opportunities.
- Monmouth-Ocean, NJ (1888PressRelease) February 17, 2011 - At the end of January, the White House announced several initiatives designed to stimulate small business investment, including a 5-year extension of the capital gains tax exemption included in President Obama's Small Business Jobs Act of 2010.
Small business owners have long advocated for permanent tax breaks to encourage professional investors to fund promising start-ups. President Obama is expected to introduce a 100% capital-gains tax break in his 2012 budget, and this would extend a temporary measure introduced in Small Business Jobs Act back in September.
"These measures offer potential growth nationwide, as well as opportunities for business buyers and sellers," said Achim Neumann, President of A. Neumann Associates.
"Of course, professional business valuation is even more important in a booming small business market," Neumann warned. "While an influx of scalable commercial activity has potential, investors should be leery of working with any brokers without first scrutinizing their valuation techniques and track record."
While the Obama Administration's tax cuts had already been effect, Monday's announcement also included Startup America, a private, non-profit organization designed to identify and pair promising startups with capital partners. The White House worked closely with IBM and other leading businesses to break ground in what it hopes to be a new era of small business prosperity and market-wide growth.
"Not all the fine print is clear, but if industry giants are willing to invest in small businesses, we could see more success and more competition," said NJ business broker Neumann. Hopefully, the SBA will be willing to work closely with entrepreneurs to determine how best to improve the climate for small businesses."
Business brokers are prepared to engage both business owners and acquisitions executives in a discussion once these changes are in full effect.
About A Neumann & Associates
A Neumann & Associates, LLC is a professional business valuation and business brokerage firm in New Jersey that assists business owners and buyers in the business transfer process. As President and Founder, Achim Neumann brings more than 25 years of business and management experience from multiple industries. This trusted NJ business broker is the New Jersey representation of Business Brokers Network, a firm with 450 offices and more than 20 years of experience, and with access to thousands of qualified buyers and sellers throughout the U.S. For more information, please contact A Neumann & Associates at 732-872-6777.
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