According to a recent article in the Harvard Business Review (1), four million privately-held businesses will change hands over the next two decades as baby boomers, the largest group of owners in these companies, continue to retire. The article goes on to suggest that an exit plan is not in place for a reported 75% of these owners. This large supply will surely create downward pressure on pricing in the market. some have event referred to this as a "Seller Tsunami".

  

It is common for business owners to be so caught up in the day-to-day activities of their business that they do not take the time to truly plan for succession. Under any conditions, a buyer would pay for this lack of preparedness through reduced profits at the closing table. However, they will likely suffer more if they sell during this storm. Read more.

According to the Internal Revenue Service, small tax-exempt employers who are eligible for and claiming the refundable portion of the Small Business Health Care Tax Credit for 2014 will see a 7.3 percent reduction in their credit due to sequestration. This applies to all credits processed between October 1, 2014 and September 30, 2015, regardless of when the original return was received by the IRS. If you fall into this category, you will receive written notification that a portion of your requested payment was subject to the sequestration reduction. Read more.