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How Your Business Can Benefit From Tax Reform There are many ways that tax reform measures can benefit your business. One example of a tax reform that can help your business is the 1031 exchange. Paying a large amount of tax on capital gains can be detrimental to any business. In a 1031 exchange, a small business owner can take the money from the sale of a business asset and reinvest the profit into another asset without having to pay too much in capital gains taxes. In this way, a 1031 exchange is a good example of a useful and important tax reform that can help many businesses. Your business may benefit from a 2031 exchange and other tax reforms in a number of ways. When you sell a particular business asset, the 1031 exchange will allow you to defer the tax consequences of the sale to another time in the future. This allows small business owners especially to leverage their current property to build great wealth without having to give most of it up in tax payments. Business owners are wondering how the 1031 exchange can actually work for them. This will allow a business owner to take the equity they have gained in their company infrastructure and put it back into their business without incurring a tax bill. In the 1031 exchange tax reform, the 1031 replacement property must be a business property that is of the same type as the properties that had been sold. With the new property being similar to the property that had just been sold, legally there is a continuation of the original investment. This means that the tax bill on the sale of the original asset will not be due until the replacement asset has been sold.
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When you are a taxpayer in our system, you are likely to view paying capital gains taxes as cumbersome and even unnecessary. Through tax reforms like the 1031 exchange, businesses of all sizes will be able to defer their tax bills and ultimately benefit.
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Small business owners who are unfamiliar with or do not understand tax reforms like the 1031 exchange can still benefit from them. In cases like these, it is always best to contact a 1031 exchange intermediary. With the help of a 1031 exchange intermediary, you will learn how your small business can benefit from tax reforms like the 1031 exchange. To learn more about the ways that tax reforms can benefit business, all you have to do is perform a search engine search for a 1031 exchange intermediary or simply look for more information about helpful tax reforms.