Considering the proper aspects of state and local tax implications is an important piece of the due diligence strategy for anyone looking to sell or acquire a business.
But, state and local tax matters can get complex quickly based on a company’s footprint, where it is operating and the details of the transaction. What should you know in order to minimize your tax burden and be sure your company is in compliance with relevant regulations?
In this episode of The Wrap, state and local tax (SALT) experts Reba Pennington, CMI and Colleen Aldridge, CPA join Kim and Paul to discuss what businesses should consider when it comes to SALT when they’re looking to buy or sell.
After listening to this podcast episode, you’ll be able to:
- Know what due diligence is and why it matters for your business’s state and local taxes
- Prepare your business for a potential sale when it comes to state and local taxes
- Identify important areas of state and local tax to consider when buying a business
- Keep an eye out for post-transaction state and local tax issues
- Consider important factors that can help you structure a deal in a way that can minimize your taxes
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