Unraveling Tax Basis: What Every Practice Owner Needs to Know
Aug 12, 2020 ·
10m 46s
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Description
Join Casey Hiers as he sits down with Colt Smith, a Senior Tax Accountant at Four Quadrants Advisory, to demystify tax basis. Many practice owners find themselves confused or frustrated...
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Join Casey Hiers as he sits down with Colt Smith, a Senior Tax Accountant at Four Quadrants Advisory, to demystify tax basis. Many practice owners find themselves confused or frustrated when their CPA mentions this crucial concept.
In this episode, Colt breaks down what tax basis truly means for your practice, explaining it as your equity or investment in the business. Learn the primary ways to increase your tax basis, including contributing capital and building profitability, and gain valuable insights to better understand your practice's financial standing.
Interested in more info on how to: Earn More, Save More, and Retire Early
Upcoming Tour Dates: Go to our EVENTS page for info
Facebook: Four Quadrants Advisory
Instagram: @fourquadrantsadvisory
LinkedIn: Four Quadrants Advisory
show less
In this episode, Colt breaks down what tax basis truly means for your practice, explaining it as your equity or investment in the business. Learn the primary ways to increase your tax basis, including contributing capital and building profitability, and gain valuable insights to better understand your practice's financial standing.
Interested in more info on how to: Earn More, Save More, and Retire Early
Upcoming Tour Dates: Go to our EVENTS page for info
Facebook: Four Quadrants Advisory
Instagram: @fourquadrantsadvisory
LinkedIn: Four Quadrants Advisory
Information
| Author | Four Quadrants Advisory |
| Organization | Four Quadrants Advisory |
| Website | www.fourquadrantsadvisory.com |
| Tags |
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