Accounting Terms
Here are some of the most common terms used in Accounting today: AR = Accounts Receivable – The amount of money owed by customers or clients
Whether you’re buying a business, selling your business, or passing it down to a family member, certain steps must be taken in order to minimize the tax implications.
If you are buying a business, we will guide you through the process of due diligence. We will help you assess the strength and viability of the business based on its financial performance, and, if needed, will refer you to business valuators and other experts to help you. Once the business is yours, we will advise you on business structure, streamlining your operations, and filing your year-end taxes.
If you are selling a business, we will walk you through the process, from taking advantage of capital gains exemptions to creating an exit strategy that will keep your staff and customers comfortable. We also provide estate planning advice, helping you maximize the proceeds from your business sale.
"We were approached by an interested party who wanted to buy our business. KWB was instrumental in making sure we received the best value for our business and supplying an excellent tax strategy."
— Peter Moss, AGS Business Systems
Transitioning in or out of a business can be a smooth process as long as the proper steps are taken. At KWB, make the process simple, stress-free, and positive.
If you would like to guidance on buying or selling your business, please contact us.
Here are some of the most common terms used in Accounting today: AR = Accounts Receivable – The amount of money owed by customers or clients
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