Tip #161: Is the Business Showing Profits or Hiding Them?

tip 161 It’s understandable that in order to minimize paying taxes, many business owners and their accountants will avoid showing profits. Some will bury personal expenses in the financials, move company expenses into the following year or claim many questionable deductions. But here’s the problem: when it’s time to sell the company, business valuation is heavily weighted on continuous profits. Companies must show strong profits in the years before selling to get top dollar.