Past Meetup

FAT Class Session 6: Tax Savings for the Small Business & Owners/Investors

This Meetup is past

20 people went



Year end is approaching and in the fall, when the Squirrel starts to stash away nuts for the future so must the savvy business owner LOCK IN valuable tax savings. Many such savings opportunities occur prior to profitability and must be preserved and collected in advanced in order to be available when desired in the future.

In this session, we will describe the five ways in which tax savings are generated. Particular emphasis will be placed on the extra exemption available till January 1, 2014 on the gain generated by the sale of qualified small business stock. Such benefit can be worth as much as $2,000,000 per shareholder. In this session, we will cover the four main requirements to qualify for the benefit: 1. The stock requirement 2. The qualified small business requirement 3. The active business test 4. The holding period