Helping a business owner transition to retirement

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Recently, I had a client interested in selling his business who commented that he was willing to sell his business at a 20% discount to avoid paying more taxes.  I then asked him if I could show him how to sell at full value and not pay more taxes plus create a deduction to reduce taxes he would pay otherwise - his obvious answer was, “Sure!”  After showing him, his response was, “Thanks!  I just raised the price of my business.”  He also liked the fact that he and his wife would have additional income for retirement.
 
On a side note, various publications I read are saying that it is likely Qualified Charitable Deductions are going to be extended to this year.  If you have any questions regarding how this may benefit you, please feel free to call the office.

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