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NO PLAN is a Japanese konto style comedy group, and is also occasionally known for their music. The group is best known for appearing regularly on the late night owarai show ...
http://en.wikipedia.org/wiki/No_Plan
This morning I have no plans. Nothing to do, no gigs, no chores, no work to do on the house, nothing - it's great. I've been outside to the garden and
http://songbytoad.com/2008/03/no-plans/
no plan ??? ?????? ????? ??? ??????? ? ???????? ???????? ?? 6??????????????
http://ja.wikipedia.org/wiki/NO_PLAN
Would you like to be notified when a new article is added to the Mobile-Cell-Phone category? Email Address: Your Name:
http://ezinearticles.com/?No-Contract-Cell-Phone-Plans&id=408035
Conservation | The latest edition of Ocean and Coastal Management has an article on the world's most charismatic invertebrate and I am sad to report--as expected--the news is
http://blogs.discovermagazine.com/intersection/2010/01/27/no-plan/
As I reviewed my recent article on amending your tax return I noticed I had neglected an importance piece of information. There is a time limit to filing an amended tax return with ...
http://www.nodebtplan.net/
Sensei's Library, page: No Plan In The Opening, keywords: Opening. SL is a large WikiWikiWeb about the game of Go (Baduk, Weiqi). It's a collaboration and community site.
http://senseis.xmp.net/?NoPlanInTheOpening
G1 with no data plan? HTC Handsets ... I've heard a lot of mixed info about this, I'm looking for a definitive answer, can you use the G1 without a data plan?
http://androidcommunity.com/forums/f41/g1-with-no-data-plan-3013/
No Plan B provides business owners with a clear plan to exit their business at a profit, and expanding businesses the opportunity to accelerate solving new bsuiness problems
http://noplanb.com/Home.html
The argument for a business plan ... Tim Berry: Business Plans No Plan, No Problem? Though formal business plans have been getting some flack, you still can't skip the planning process.
http://www.entrepreneur.com/startingabusiness/businessplans/businessplancoachtimberry/article175792.html

Strategic Exit Planning and Strategic Tax Planning to Save Income Taxes

Your partner, Uncle Sam, through the federal income tax and his State and Local Tax buddies (lovingly called your "Tax Partners") are excited about getting their share of your business profits (and salary income) right about now. If you are like most business owners you are focused on legally reducing your contribution through strategic tax planning and strategic planning to your Tax Partners this year. If you are like the exceptional few business owners, you are doing your best to look at how you will reduce your payments to your Tax Partners over your life and the life of your business through strategic exit planning and strategic tax planning.

Common reasons given for this lack of strategic tax planning and strategic exit planning is, "we need to make too many assumptions and guesses", "everything changes anyway", and often, "we are too busy and just never got to it".

Hence business owners who would never run their business with legacy software, put their crews in antique trucks, or run inefficient assembly lines often have old corporate elections and avoidable tax consequences because of strategic decisions made 20 years ago or more. (Just because you can't see it doesn't mean it isn't there.)

A recent example we saw was a meticulously run supplier of construction safety equipment. When the business was formed 25 years ago the owner elected C Corporation tax treatment. At the time there were many strategic tax benefits to that treatment and the election was the right thing to do. Yet somewhere between 12 and 15 years ago those benefits disappeared but no one ever looked forward to the long term strategic tax plan and strategic exit plan in order to foresee negative consequences.

The business had an estimated sales value of about $1,500,000 and because of the size and nature of the business buyers insist that the sale be structured as an asset sale. This scenario means the owner's Tax Partners are going to receive approximately an ADDITIONAL $300,000 from this transaction because of the old election. This is a huge price to pay for missing a change in tax status at the right time.

There are many other pitfalls and traps that can catch the small business owner. Because owners understand the day to day operations the traps tend to jump out and bite at times requiring major change and transition. Putting together the right team and asking the right questions periodically starting years in advance will help avoid these traps and produce superior results.

While long range transition, tax, and exit strategy planning and analysis seem expensive in the short run they are cheap in the long run. (Yes I mean cheap.) At the end of the day it is what you keep that counts. Keep more by planning.

Note: This is not tax advice but a sample case study based on similar situations. You are advised to seek professional assistance for your specific situation before taking any actions. No part of this is intended to be used to avoid tax penalties, or for promoting, marketing, or recommending to another any tax related action or activity.

About the Author: Gregory Caruso, CPA, Attorney, Certified Valuation Analyst, and author, is a Principal at Harvest Associates in Baltimore and Bethesda, Maryland. Greg is an expert in privately held business mergers and acquisitions. Greg specializes in working with owners who are determined to realize the highest business value from their business exit. Greg has over 20 years of experience. wgcaruso@harvestbusiness.com 877-838-4966

http://www.harvestbusiness.com

 

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