Jim Brandenburg
‘Make it, take it’: Are you eligible for a tax savings opportunity?
With basketball season just around the corner, you may remember the “make it, take it” playground version of basketball, where you keep the ball if you score. We can also apply this approach to companies that 'make' products, since they can likely 'take' added tax savings from a special deduction. While this non-cash deduction isn't new (it started in 2004), it's good-sized – up to 9 percent for qualifying activities – and one that many businesses overlook.
The BIG question to address when you sell the company
During these challenging economic times, a business sale can be difficult as sellers seek the right buyer, the right price, the right terms and the right tax results.
