Blog by MARK HERRMANN

When it comes to selling your business, it's easy to focus solely on the numbers, but it's important to remember that they only tell part of the story.

Selling your business is a complex process, and one of the most time-consuming and detailed steps is due diligence.

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.

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.

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.