Timing Your Exit: How Far in Advance Should You Plan to Sell Your Business? Selling a business is a significant milestone that requires careful consideration and meticulous planning. Whether you’re in the vibrant city of Tampa, Florida, or elsewhere, determining the optimal timing for your business exit is crucial for achieving your goals and maximizing […]
TAXES
What are some potential IRA audit triggers for small businesses?
If a business consistently reports losses on its tax returns year after year, this could trigger an audit. See #2 above…..you have a multi million dollar house on the water yet your business shows a loss. True story of a childhood friend I knew and their business….never made money but had nice houses.