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Sale of a Business Package Texas  Form

Sale of a Business Package Texas Form

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today's question comes from Betty Betty ask what about taxes what what what can I expect to pay in taxes when I sell my business this is another top question that I get on a regular regular basis so quick disclaimer I'm not an accountant not a CPA I'll share what former clients accounting professionals have shared with them which they've shared with me this is not meant to be tax advice but I'll give you an overview of what you can expect the type of you can expect to have with your accountant hypothetical business sells for a million dollar their Book value I'll come back to that is a half a million dollars so you got a million dollar sale price half a million dollar Book value the capital gains is what's in between right the the business went up in value just like a stock between what they put into it and what they sold it for Book value is basically what what your accountant has for your books as far as what's depreciat

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