
Most shop owners have no idea how “basis” can come back to bite them. Take out too much, buy the wrong way, or expand with debt, and you could be stuck with suspended losses or surprise tax bills. Basis is your financial scorecard, and knowing how to read it can save you thousands when it’s time to grow, buy new equipment, or sell your shop.
Thinking about selling your shop or just growing its value? Your shop is worth more than its tools and lifts. In this first episode of The...
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This episode of The Money Shift Podcast breaks down a trending tax tactic that’s catching attention in the auto repair world: registering...