accounts payable corporation tax Manufacturing tax planning 
CTP
JUNE 10, 2022
Since the sale has already occurred, these are taxed at ordinary income tax—a rate that taxpayers likely want to avoid since it can be as high as 37%. The business may also have fixed assets, such as manufacturing equipment, furniture, vehicles, or other tangible assets.
CTP
JUNE 10, 2022
Business owners looking to sell their S corporation may start to get tangled up in all the details, especially if they are a first-time seller. This can lead to overlooking one key part of the sales process: tax planning. That amount becomes tax-free because we are simply reducing the sales price.
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