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The Tax Implications of Buying or Selling a Business

03.02.25 05:17 PM - By MARK HERRMANN - Comment(s)
The Tax Implications of Buying or Selling a Business
Buying or selling a business is a significant financial decision that comes with various tax implications. Understanding these can help you avoid costly mistakes and make the process smoother. Whether you’re a buyer or a seller, here are the key tax considerations you should be aware of.

It's Tax Season: How You Should Prepare if You Plan to Sell 

03.02.25 04:54 PM - By MARK HERRMANN - Comment(s)
It's Tax Season: How You Should Prepare if You Plan to Sell 
Tax season may seem like the perfect time to prepare your business for a sale, but the more you plan ahead, the better the results will be in the end. Take the time now to get everything in order, and you’ll be well on your way to a successful sale in the near future.

Date Change: Beneficial Ownership Information Report Due January 13, 2025

08.01.25 02:07 PM - By MARK HERRMANN - Comment(s)
Date Change: Beneficial Ownership Information Report Due January 13, 2025
The injunction to delay the filing of your (BOI) Report has been removed. Therefore, if you meet the filing requirements to report your business entity with the FinCEN department, you must do so no later than the extended due date of January 13, 2025.

You Have a Buyers for Your Business--Now What

08.01.25 01:51 PM - By MARK HERRMANN - Comment(s)
You Have a Buyers for Your Business--Now What
While learning that you have a serious buyer for your business may feel like a cause for celebration, it’s important to hold off on the champagne.

How to Value & Sell Your Retail Business

10.12.24 04:24 PM - By MARK HERRMANN - Comment(s)
How to Value & Sell Your Retail Business
Selling your retail business is a complex and time-consuming process that requires putting a course of action in place to help you attract the best opportunities.