M2 EQUITYBITES-July 24, 2017-US Dataworks Sells Business Assets
to Bankers Bancorp of Oklahoma in Bankruptcy Move
of Florida today announced that it has completed its acquisition of certain business assets
of Southern Waste Systems (SWS)/Sun Recycling in Miami-Dade, Broward, Palm Beach, Martin and St.
NYSE: GGG) has received notice from the United States Federal Trade Commission approving the company's application to sell its Liquid Finishing business assets
to US-based Carlisle Companies Inc.
In particular, business assets
such as shares in qualifying trading companies can attract 100 per cent relief from IHT, business property relief, irrespective of who inherits the assets," he said.
25 percent of taxable estates, and business assets
accounted for fewer than 14 percent during 2009, according to a Congressional Research Service analysis of the data.
When taper relief was available pre-2008, it reduced the effective rate of CGT on business assets
(for example, shares in a private trading company) from 40% to 10% if it was held for two years.
ANY increase in capital gains tax (CGT) for business assets
could have a damaging effect on family-owned firms and their ability to grow and be successful, according to the Institute for Family Business.
a major Japanese printer maker, has agreed to transfer some of its business assets
for small- and medium-sized thin-film transistor liquid crystal displays to Sony Corp.
has announced the planned sale of certain business assets
, the permanent closure of all facilities, and the intention to cease all business activities before the end of 2008.
Dow Chemical intends to buy back those business assets
originally contributed by Dow at the time of constitution of the joint venture, and will service the respective customers directly in the future.
EEF instead proposed a Capital Gains Tax Regime which acknowledged the need to reward longer term investment in business assets
over and above non-business assets
Written by attorney-at-law Daniel Sitarz in a plain-terms style immediately accessible to lay readers, Small Business Accounting Simplified covers how to track business assets
, expenses, income, and payroll, keep a chart of accounts, prepare a profit and loss statement, set up a practical recordkeeping schedule, and much more.