Blog tagged as Tax Planning

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.

One item that may be overlooked by the seller, is their tax returns. Having your tax returns unfinished or not filed to the IRS at the specified tax deadline, can cause big delays when you go to sell your business. Here are a few tips to make sure you’re in good graces with the IRS:

The Internal Revenue Service announced today tax relief for individuals and businesses in North Carolina that were affected by severe storms and flooding. These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.