| Martin Checketts
03 9605 0999
1300 553 438 or 0414299153
Poor tax structuring advice can cost business owners on exit.
Business owners and their advisers often do not give thought to the tax treatment of the sale. In particular, they do not calculate the after tax return, or give thought to whether this is adequate to meet their lifestyle and other expectations. They also sometimes fail to take into account the complex taxation treatment of earn-out arrangements, which are a common feature of transactions in the financial planning industry.
There are many legitimate ways in which tax can be minimized or eliminated on the sale of your business. Good tax advisers are not cheap, due to their high levels of knowledge and their ability to apply complex taxation laws to commercial transactions. Their advice can also significantly optimize your after-tax return.
Quality tax advice can make a considerable financial difference on sale or exit of a Financial Planning Practice.