4min chapter

Building the Premier Accounting Firm cover image

Rewind : The Business of Selling Your Business: Essential Strategies for Success w/ Jessica Fialkovich

Building the Premier Accounting Firm

CHAPTER

How to Increase the Probability of Selling a Business

Accountants have a huge role to play in this and bookkeepers too. consistency and financial delivery is super important. There's a secret thing called add backs and recasting. If you're putting personal expenses through your business, you can add them back and recast them still get the value for those dollars. Reducing our income in our P and L's to reduce our tax liability. And then when we want to sell, turning around and trying to add back all those personal or nonessential expenses,. It's gotten abuse to the point where most buyers and banks won't recognize any of them anymore.

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