Warner Norcross partner Jay Kennedy talks with Crain's on taxes and the fiscal cliff

12/5/2012

In a Crain’s Detroit Business feature, Warner Norcross partner Jay Kennedy offered his thoughts on the fiscal cliff and how its potential impact on estate and capital gains taxes is driving a flurry of activity. 

Kennedy advises readers to carefully consider the tax implications while maintaining their focus on overall strategy and the underlying factors driving a transaction decision. 

"The lower 2012 tax rates may have motivated an older business owner with no clear succession plan to sell this year," Kennedy said. "But potential buyers are aware of the expected tax increases and have probably made offers that reflect discounts for the lower 2012 taxes to be paid by sellers."

Crain’s subscribers can read the full story HERE.

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