Summary:

Are you just checking boxes with your taxes? It might be costing you a fortune.

In this episode, Steve Burton dives into the crucial difference between tax preparation and tax planning with Blake Schaper, CPA, MST, CTFA, CEO of BrookHaven Family Office. With extensive experience on teams that handle accounts ranging from NFL team owners to budding entrepreneurs, Blake sheds light on the importance of proactive tax strategies for business owners. They discuss the proactive steps to minimize tax liabilities while enhancing overall business value.

Blake discusses:

• (04:09) The vital difference between tax preparation and proactive tax planning

• (06:40) Why aligning your tax, financial, and estate plans is crucial

• (09:23) The significant benefits of staging your business for sale, much like staging a home

• (16:04) Navigating the landscape of taxes when passing your business down a generation

• And more

Resources:

• Unlock your business’s potential with our free Scale to Sell self-assessment

• Book your free discovery call with us today!

• Mission One Million by Merle Gilley and Steve Burton

Connect with Our Team:

• Website: Scale to Sell

• info@scaletosell.com

• LinkedIn: Scale to Sell

• Facebook: Scale to Sell

• YouTube: Scale to Sell

• Instagram: Scale to Sell

Connect with Steve Burton:

LinkedIn: Steve Burton

Connect with Blake Schaper:

• BrookHaven

• LinkedIn: Blake Schaper

About our Guest:

After graduating from the University of North Georgia, Blake Schaper commissioned into the Georgia Army National Guard and attended the U.S. Army Flight School in Fort Rucker, Alabama. He spent the greater part of two years learning to fly helicopters and airplanes while simultaneously completing courses for his master’s degree in Tax. He also graduated from the U.S. Army’s Airborne School and the Republic of Georgia’s Mountain Warfare School in Sachkhere, just 30 miles from the Russian border. Dedication and commitment to the country drive and focus him in his role at Armis.

Blake enlisted in the military in 2009 and spent the earlier part of his career as a Military Police Officer, during which he was named the Georgia Army National Guard Soldier of the Year (2011) and awarded a Meritorious Service Medal for his accomplishments. He continues to serve as a Platoon Leader and Blackhawk pilot in an Assault Helicopter Battalion.

His master’s degree is in Tax Planning from the University of Cincinnati, and he is currently testing for his designation as a CPA.

Does your P&L sheet capture your company's true value? Adam and Steve Burton beg to differ.

In this episode, they tackle a crucial topic that often eludes business owners: knowing and growing your business value. This episode is packed with straightforward insights to help you understand how to not just measure profitability but also build real, marketable value.

Adam and Steve discuss:

• (04:51) The crucial difference between income and market value

• (08:20) Why updating your business valuation is essential, not optional

• (12:30) The hidden power of intangible assets in business value

• (18:45) How a 'Family Office Model' aids in a streamlined, holistic exit plan

• And more

Discover how you can safeguard and elevate the worth of what might be your biggest asset. If you're ready to grow or considering an exit, tuning in could change your strategy. Start measuring what really matters today!

Resources:

• Unlock your business’s potential with our free Scale to Sell self-assessment

• Book your free discovery call with us today!

• Mission One Million by Merle Gilley and Steve Burton

• Zillow.com

• Realtor.com

Connect with Our Team:

• Website: Scale to Sell

• info@scaletosell.com

• LinkedIn: Scale to Sell

• Facebook: Scale to Sell

• YouTube: Scale to Sell

• Instagram: Scale to Sell

Connect with Adam Burton and Steve Burton:

• LinkedIn: Adam Burton

• LinkedIn: Steve Burton

Summary:

Why wait for the big payday when selling your business?

In this episode, Adam and Steve Burton dive into why harvesting value from your business before exiting is crucial. With engaging insights, they explore strategies for diversifying your assets and ensuring you aren't putting all your eggs in one basket. They emphasize understanding your business's value, planning strategically, and taking proactive steps to protect and grow your net worth.

Adam and Steve discuss:

• (01:33) The importance of not tying up all your net worth in your business

• (06:24) How to take initiative and be strategic in asset diversification

• (08:12) The roles of tax planners and financial advisors in protecting wealth

• (12:30) Ways to de-risk both business and personal finances

• (14:54) Preparing for unexpected changes and ensuring liquidity

• (16:21) Seeking partial sales or equity release as a means to reduce risk

• (20:43) Options for internal sales and financing when passing the business on to family

• And more

Tune in and discover how strategically harvesting value now can create a solid foundation for the future.

Resources:

• Know your business’ value with our free valuation!

• Unlock your business’s potential with our free Scale to Sell self-assessment

• Book your free discovery call with us today!

• Mission One Million by Merle Gilley and Steve Burton

Connect with Our Team:

• Website: Scale to Sell

• info@scaletosell.com

• LinkedIn: Scale to Sell

• Facebook: Scale to Sell

• YouTube: Scale to Sell

• Instagram: Scale to Sell

Connect with Adam Burton and Steve Burton:

• LinkedIn: Adam Burton

• LinkedIn: Steve Burton