The Hidden Tax Benefit in Every Business Acquisition: Goodwill. When you buy a business, especially if you're paying above the book value for the assets (think of a manufacturing company's building and equipment), that difference is recognized as 'Goodwill'. This is critical! Goodwill allows you to write off or deduct a significant amount of the purchase price, helping you reduce or even eliminate your long-term tax burden. Don't let this deduction slip through your fingers! #GoodwillDeduction #
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FacebookChristopher J. Campbell, CPA
The Hidden Tax Benefit in Every Business Acquisition: Goodwill. When you buy a business, especially if you're paying above the book value for the assets (think of a
Christopher J. Campbell, CPA. . The Hidden Tax Benefit in Every Business Acquisition: Goodwill. When you buy a business, especially if you're paying above the book value for the assets (think of a manufacturing company's building and equipment), that difference is recognized as 'Goodwill'. This is critical! Goodwill allows you to write off or ...
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