Thinking of selling your business? Well, before you do, you need to consider the kind of sale it’s going to be. Will it be an asset sale or a stock sale? Want to pay minimum taxes? Reduce post-sale liabilities? Get paid promptly in full? Of course you do! Which is why making the right asset sale/stock sale decision is so vitally important. You’ll find all the … [Read more...]
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How to turn your C corporation into an S corporation
Thinking of turning your C corp into an S corporation? Be very careful. You see, if you don’t know how to make the conversion the right way, you could a victim of double taxation! Want to learn strategies that can save you thousands of dollars? Easy. Before you make any changes, read my new article titled Tax Tips: Converting a C corporation to an S corporation: Save … [Read more...]
Why your business may be worth more than you think!
[This is Part 1 in a series on selling your business the smart way] Thinking about selling your business and reaping the profits from years of hard work? Here’s good news… It may be worth more than you think, especially if you’re including intangible assets like customer lists, proprietary software, and goodwill. But remember this important fact: The more valuable … [Read more...]
S corporation owners! Deduct all your health insurance premiums
Here’s good news for S corporation owners… If you take three steps (that we’ll explain), you can deduct all your health insurance premiums! If you don’t follow our advice, you can be in for nasty surprise. Zero tax benefits. Zilch. The bottom line? We’ve got must-read information waiting for you when you read our new article titled Tax Tips: Three Easy Steps to Deducting … [Read more...]
Don’t let your S corporation cost you valuable business deductions
Do you own an S corporation? Did you buy a 2014 business vehicle in your personal name? If you’re answering “yes,” keep reading because a lot of money is at stake. You see, if you don’t handle things correctly, you could lose huge 2014 business deductions. I’m talking about Section 179 expensing, which allows you to take up to $500,000 worth of deductions, plus bonus … [Read more...]