Blog categorized as Tax Planning

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.

Understanding the tax implications of selling your business is a critical first step in putting it up for sale. By better understanding the tax rates that apply, it’s possible to minimize your overall tax liability and maximize the tax benefits that come with selling a business.