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Michael Shea

Central Florida's #1 Business Broker

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TAXES

What Comes After the Sale? Planning Your Life Beyond Business

June 25, 2025 by Michael Shea PA

One of the hardest things for many business owners post-sale is the identity shift.

You’ve been “the boss” for decades. What happens when the emails stop, the calls slow down, and you’re no longer the one making decisions?

The happiest post-sale clients I’ve worked with are those who stay engaged:

Filed Under: Buy a Business, exitplan, exitplanning, Tampa Business Sales, tampabusinessbroker, transworldbusinessadvisors Tagged With: budget, business, cash, cepa, cexp, cfp, financial, mission, money, safe, smart, strategic, strategy, TAXES, transworldbusinessadvisors

Top Tax Strategies for Florida Business Owners Before a Sale

April 22, 2025 by Michael Shea PA

Selling your business should feel like a reward, not a tax nightmare. Florida gives you a head start with no state income tax, but these federal strategies can save you even more. Whether it’s timing your sale, picking the right sale type, or spreading payments, a little prep goes a long way. Want to see how much you could save? Reach out to me, Michael Shea, at 321-287-0349 for a free consultation. Let’s make your sale a win—taxes and all.

Filed Under: exitplan, exitplanning, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: asset, businessbrokers, capitalgains, cepa, cfp, cpa, exitplan, floridabusinessbroker, IRS, michaelshea, retirement, stock, tampa, TAXES, Transworld

Avoid These Expensive Mistakes When Selling Your Business in Tampa

April 12, 2025 by Michael Shea PA

Failing to secure your financial future post-sale can lead to loss of purpose or stability. Many business owners in Tampa don’t plan for what comes next, leaving them vulnerable after the sale. Solution: Before selling, consult with a financial advisor to create a post-sale plan. This might include investments or new ventures in Tampa’s growing economy.

Filed Under: Buy a Business, exitplan, Selling A Business, Selling Your Company Tagged With: businessbroker, mergers, mistakes, reputation, tampa, tampabay, tampabusinessbroker, TAXES, transworldbusinessadvisors

What is Form 8594 and Why is it important?

February 11, 2024 by Michael Shea PA

Demystifying Form 8594: Your Guide to Navigating Business Sales and Taxes Buying or selling a business? Hold onto your hats, because IRS Form 8594 is about to enter the stage. This seemingly innocuous form plays a crucial role in ensuring both you and the buyer handle the tax implications of the sale smoothly. But fear […]

Filed Under: Buy a Business, Selling A Business, Selling Your Company Tagged With: 8594, allocation, businessbroker, buyingorsellingabusiness, form8594, michaelshea, tampabusinessbroker, TAXES, Transworld

Tax Considerations When Selling A Business

January 2, 2024 by Michael Shea PA

Navigate the Tax Maze: Unraveling the Sale of Your Tampa Business with Michael Shea Selling your Tampa business is a momentous occasion, brimming with both excitement and anxiety. While visions of freedom and financial reward dance in your head, the looming complexities of taxes can cast a shadow on your joy. Demystifying Tax Beasts: First, […]

Filed Under: Uncategorized Tagged With: businessbroker, consequences, IRS, michaelshea, tampa, TAXES

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