Tax Strategies

Working With Your CPA

Many CPA’s inform their clients that selling a pharmacy will result in high tax burdens. Most CPA’s do not handle the buying and selling of pharmacies on a daily basis as does Washburn & Associates. We can work with your CPA to inform them how the selling of your pharmacy can be accomplished while minimizing taxes.

End of Year Transactions

Waiting to the end of the year is not always the best strategy - we can tell you why.

Minimize Taxes

Do you know that for your pharmacy corporation there are special tax regulations that affect a good portion of your pharmacy transaction? This regulation is there for your benefit, but most pharmacy owners and CPA’s don’t know about it. When you are considering selling your pharmacy, find out from Washburn & Associates - the pharmacy industry experts, how you can use the tax codes to your benefit and maximize the amount of money you put in your pocket when you sell your pharmacy. 

Estate Planning

Did you know there are specialized IRS procedures that allow for minimizing Capital Gains Taxes? When a pharmacy, or other large asset, has appreciated in value over the years and is now being considered for a possible sale, there are specific strategies that can counter the exposure to capital gains tax when the asset is sold. These strategies, developed from federal IRS codes, allow the asset to be converted to an income stream, provide a tax deduction, increase asset diversification, and provide risk reduction, along with offering effective retirement and estate planning.

Capital Gain Strategies must be implemented before any obligation to sell the asset. When you are considering selling your pharmacy either now, or in the next few years, you urgently need this information.