The primary purpose of an exit plan is to optimize the value of the business at the time of exit, minimize the amount of taxes to be paid, and ensure that the defined personal and financial goals of the owner can be accomplished.
The basics of small business growth are often overlooked. It begins with the vision, skills and energies of an entrepreneur. Over time, it evolves. A concept slowly develops into a vibrant venture with its own life.
A business review makes possible the evaluation of the performance of a business and provides the basis for course corrections that align a business to its vision. Does your business need a routine review?
Here are some of the federal income tax changes that may affect your 2018 tax return. California has not yet complied with all of these changes; for 2018 the disappearing deductions may still be available to California.