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Chris VanStraten, CPA

Chris VanStraten, CPA
Chris VanStraten is the Wisconsin firm leader for Baker Tilly's dental practice management group. He specializes in providing accounting, practice management, tax, valuation, compensation consulting, controllership, financial planning and business consulting services to the dental industry.

Recent Posts

What Potential Capital Gains Changes Mean for Your Practice Sale: 4 Scenarios

Posted by Chris VanStraten, CPA on 10/27/21 8:00 AM

The proposed spending bill currently making its way through legislation brings with it some big changes to capital gains tax rates. What does this bill mean for dental practice owners looking to sell?

For nearly the past decade, the top tax rate on capital gains has remained steady at 20%; however, the proposed $3.5 trillion spending bill currently making its way through Congress includes substantial changes to capital gains tax rates that would significantly affect the tax burden for someone selling their dental practice. That may influence whether and when they want to sell.

Selling a practice has always been a complex decision that generates many previously unthought-of questions for practice owners. One of the most important being: What will the tax implications be from the sale?

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Topics: selling a practice, Real Talk

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