Reduce Taxes on Capital Gains
After you’ve sold your company, you’ll face the reality of having to pay capital gains tax on the proceeds, but there are ways to minimize these taxes. These methods can be discussed during the M&A process between the buyer and seller. In fact, the structure of the deal itself may be critical to help the sell-side business owner reduce their tax exposure. Ms. Meghan Jodz, Sr. Tax Manager at Grant Thornton, LLP, talks with Deal Talk’s Jeff Allen about a “Tax Shield” and how both buyers and sellers of businesses can work together to take advantage of improved tax efficiencies to minimize the amounts they have to pay the IRS.