You must plan for the impact of state income taxes. Other income tax considerations apply to businesses with losses and tax credits. If you plan on buying an established business, you'll have many tax planning issues to consider. One of the more important decisions may be how the purchase price will be structured. Recent tax law changes provide amortization deductions for certain intangible assets.
Buyers generally receive more tax benefits by purchasing assets rather than stock in the company.
Selling a Business Planning for the sale of a business is critical. We can help you determine the value of your business and explore alternatives to minimize any taxes resulting from the sale. The ability to depreciate the cost of business equipment, furniture, fixtures, and buildings is a significant tax advantage. By carefully timing when certain assets are placed in service, your business can generate larger depreciation deductions. You can expense certain costs of equipment or other tangible personal property placed in service during the year.