1st Formations’ Post

Here are three things that you can think about if you are planning on selling your business that will help you Tax the money that you receive and minimise the tax you pay, just ideas in 50 seconds or less

Tip #25 Burying excessive personal expenses in the business financials can lower business value!   The most popular method of valuing a business uses a multiple of earnings over a period of years. Business owners should be aware of that while attempting to reduce the bottom line with personal expenses to minimize taxes. Though there are a number of deductions that may be added back to determine true cash flow, not all add-backs are considered legitimate by buyers or lenders. Being too aggressive in minimizing taxes today may cost a business owner big dollars at closing.   See below for an article on legitimate tax deductions. https://lnkd.in/eSV2KviV #OhioBusinessSales #ExcellenceInBusinessTransactions #buyabusiness #murphybusiness

Four Ways to Ease the Tax Bite When Selling Your Business... now on the website: www.oswegowealth.com To read more, click here: https://lnkd.in/ejhAaKEr #financialplanning #familybusiness #wealthmanagement #businessowners

Wondering how to pay yourself as a small business owner? Discover the best methods to compensate yourself while minimizing tax liabilities. Explore more strategies at buff.ly/42lOtzZ! 💼💸 #SmallBiz #IncomeStrategy #FinancialAdvice

Is your money-losing activity a hobby or a business? Transforming your hobby into a business can impact your taxes, especially if the activity loses money for some time. Here’s how you may be able to rightfully deduct losses. https://lnkd.in/g7JT9sh

Profit from Futures and Options is considered to be Normal Business Income hence loss from it eligible for set off against other Business Income. It means that you won’t have to pay taxes on your Business income to the extent of F & O loss. Not just that, if you don’t have any business income, you can carry forward this F & O loss to next year to set it off against future Business Incomes. #sharemarkettax #sharemarket #futurestrading #optiontrading #futuresandoptions #taxtips #savetax #financialliteracy

Are you a small business owner looking to keep more of your hard-earned money? Here are three quick tax hints that can help:

🚨 "The Tax Mistake Costing Business Owners Millions in Funding!" 💸 What if the way you're saving for taxes is actually costing you funding for your business? 🚫💰 I once worked with a business owner who thought they were doing everything right—until their tax strategy led to a loan decline. 😨 In this video, I’ll break down their costly mistake and how a simple change could have opened doors to millions in funding. Want to avoid this trap? Watch until the end to discover the solution! FREE Masterclass to find out how to get funding without a personal guarantee, go to https://lnkd.in/gv9ccdgb #BusinessFunding #TaxTips #FundingMistakes #SmallBusinessGrowth #FinancialStrategy

Gambling is a tax write off? 🤯 Follow for real-world finance tips to help your business succeed! 💼

Thinking of selling shares of your business? 🧐 Don't forget to take these crucial steps beforehand to prevent getting hit with double the tax rate you could otherwise pay! With careful planning and consideration, you can navigate the tax implications smoothly and protect your hard-earned profits. Stay informed and ensure you're making strategic decisions for a successful selling process without any surprises along the way. #TaxStrategy #BusinessShares #FinancialPlanning #Business #Businesstips #BusinessSuccess #BusinessIdeas #BusinessBasics #FinancialChoices #FinancialPlanning