Avoid THESE Basis Tax Traps in Your Shop
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...
The Money Shift Podcast explores the decisions that make good auto repair shops even better. From tax planning and parts pricing to profit margins and growth strategy, this is real financial talk for shop owners and managers from experts who know the industry inside and out.
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...
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 Money Shift Podcast, we break down what buyers really...