Impending changes to tax legislation around Small Business CGT concessions could severely hit some SMES, especially if they’re selling up.

Tax expert Michael Jones of Cummings Flavel McCormack says those who have entered into a business sale agreement since 30 June 2017 need to understand these changes because while the legislation is yet to pass, its impact will be retrospective. Michael discusses the changes and what you should do if they impact you.

Audio by Business Essentials. For more business interviews please visit http://www.be.com.au/business-essentials-audio-programs