🗹 Tax Returns: The business's tax returns for the past few years can provide insights into its profitability, expenses, and tax obligations.
🗹 Sales and Revenue Records: Detailed records of sales, revenue, and invoices for a specified period can help assess the business's revenue streams and growth trends.
🗹 Accounts Receivable and Payable: A breakdown of outstanding customer payments (accounts receivable) and outstanding payments to suppliers (accounts payable) provides a snapshot of the business's cash flow and financial obligations.
🗹 Asset Inventory: An inventory list of the business's tangible assets, such as equipment, machinery, inventory, real estate, and intellectual property, helps assess the value of its physical resources.
🗹 Debt and Loan Documents: Any loans, outstanding debts, or credit agreements should be documented to understand the business's financial liabilities and obligations.
🗹 Contracts and Agreements: Reviewing existing contracts and agreements with customers, suppliers, partners, and employees helps assess the stability and continuity of business operations.
🗹 Organizational Structure and Legal Documents: Articles of incorporation, bylaws, shareholder agreements, partnership agreements, and other legal documents are necessary to understand the business's structure and ownership.
🗹 Customer and Market Analysis: Market research reports, customer surveys, and industry analysis can provide insights into the business's market position, customer base, and growth potential.
🗹 Business Plan: The business's current or most recent business plan can provide strategic insights and growth projections.
🗹 Intellectual Property Documents: Patents, trademarks, copyrights, or any other intellectual property documentation should be included to assess the value of intangible assets.
🗹 Employee Information: Employee contracts, payroll records, and benefits information can help evaluate the workforce's impact on the business's operations and expenses.
🗹 Insurance Policies: Details of insurance policies, including coverage and claims history, provide insights into risk management practices and potential liabilities.
🗹 Legal and Regulatory Compliance: Documentation related to licenses, permits, regulatory compliance, and any pending or past legal issues is essential for assessing potential risks and compliance matters.
🗹 Industry and Competitor Analysis: Reports and data on the industry, market trends, and competitor analysis can provide context for the business's performance and competitive advantage.
Are you a high-income earner who's tired of giving the IRS all your profits?
Do you have a CPA who's not actively seeking ways for you to pay lower taxes? Schedule a call with us!
The days of your CPA saying, "You made money, now pay the taxes." are over.
There's another way!
Let a Tax Plan Expert show you the NEW WAY!
Are you a high-income earner who's tired of giving the IRS all your profits?
Do you have a CPA who's not actively seeking ways for you to pay lower taxes? Schedule a call with us!
The days of your CPA saying, "You made money, now pay the taxes." are over.
There's another way!
Let a Tax Plan Expert show you the NEW WAY!
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