Broker Tip of the Month – September 2020

Owners anticipating a practice sale within three years need to have simple and clear tax returns, so the buyer does not see taxable income low from non-operating expenses. If low income is because the doctor included the farm, ranch, or other ancillary business expenses on the tax return, the practice value is decreased. The seller’s tax return is proof of potential income to the buyer.

Tip by Dr. Karl Salzsieder and Mr. Rex Salzsieder.