Pros of Buying or Selling Before Year-End Potential Tax Advantages For sellers, closing before December 31 can lock in current-year tax benefits, especially if future tax changes are expected. Buyers may also benefit if they can deduct certain purchases or expenses in the current tax year. Serious Buyers and Sellers Only The holiday season tends…
Steven Covey is quoted as saying, “What is important is seldom urgent and what is urgent is seldom important.” With the slow down in business, now is the perfect time to tackle those items which have been sitting on the back burner. Activities that are important but not urgent are the ones that will really…
March is an ideal time to take a proactive approach to your business exit strategy. Whether you’re considering selling soon or simply want to ensure your company is positioned for future success, strategic planning now can lead to a more profitable and seamless transition down the road. Here are three key steps business owners should…
It is surprising how many business owners and leaders do not keep an eye of their financial ratios, a fundamental barometer of the health of your business. Whether you track these ratios or not, others will. Potential buyers, bankers and investors will analyze trends and compare your company’s ratios to industry peers. Their determination of value and/or potential…
Norm Brodsky contributing to www.inc.com, reveals how inventory and other factors can affect your business in his article, If You Fear Financial Statements, You’re Not Alone.
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