Tax planning
Selling a business
How a sale is structured decides how it's taxed. The time to plan is before you sign, while the structure can still change.
What we look at
- Asset sale or stock sale: how each is taxed, and why buyers and sellers often prefer different ones
- How the price is divided among the business's assets, and what each part means for your tax
- Installment sales: the gain spread over the years you're paid
- Timing: which tax year the sale falls in, and how it fits with the rest of your income
- Depreciation recapture on equipment, vehicles and property
- Estimated tax for the year of the sale, so the gain doesn't bring a penalty
How it works
Every sale is different: the right structure depends on the buyer, the business and the rest of your income. We work it through with your numbers, alongside your attorney and any business broker, before the terms are final.
The year the sale closes, it goes on your return. Business asset sales (Form 4797) and installment sales (Form 6252) are listed add-ons on the fee schedule.
What it costs
Planning for a sale: Ask for a quote. I quote it before I begin.
General information, not advice for your situation. What a sale means for your taxes depends on the facts, and nothing on this page promises a result.
Questions? Let's talk it through.
The first conversation is free, with no pressure. Book a time that suits you, or just call.