GVMA/ALVMA
November 9 – 11, 2012
Mariette, GA
Doyle Watson, DVM, Simmons Southeast, will be presenting:
Session #1: “The Wonderful World of Profit—-How and why to abuse it—-or not.”
Acknowledges the reason that many owners run personal expenses through their practice to minimize taxes. Emphasizes the reasons to discontinue this tradition as you approach the time to sell. This talk also details common personal expenses and those which may be more acceptable than others, especially in the eyes of the veterinary practice lenders. Learn everything you need to know to influence your taxes and practice value.
Session #2: “The Income Tax Impact of your Practice and Real Estate sale ———-Two simple, little known tactics to save on each.”
This talk highlights the essence of a 1031 Real Estate Tax Exchange and the Timed Installment Note (owner financing) for the practice portion of the sale. Very informative, relevant but seldom discussed nuances for anyone selling a veterinary practice. A simple, easy-to-understand approach to a complicated process.
