Financially Simple

In episode 30 of Financially Simple, Justin looks at how to go about reducing your tax bill when you sell so that you're not left feeling short-changed. When you sell your Business, the taxman takes a portion of the proceeds. Fortunately, there are ways and means to minimize his cut. Justin goes over some of the tactics that Business owners can use to save as much of the money from the sale of their business as possible. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! TRANSCRIPT: Minimizing Negative Tax Implications When Selling a Business – Post #30   TIME INDEX: 00:31 - How to Minimize Taxes When We Sell Our Business 02:59 - It Starts with the Purchase Agreement 04:05 - Kim's Story 05:01 - Major Pitfalls to Beware Of 05:07 - An Asset Sale 08:08 - A Stock Sale 09:03 - The Stupid Tax: C-Corp 09:56 - Start Planning Ahead 11:42 - Making Adjustments During the Time of Sale 13:59 - Phantom Income 15:18 - The Attorney, the CFP® Professional, and the CPA For mo