The Qualified Small Business Stock (QSBS) exclusion is a tax incentive under Section 1202 of the Internal Revenue Code that allows investors to exclude up to 100% of capital gains from the sale of eligible small business stock.
Adjusted Taxable Income (ATI) is a measure of income used primarily in tax and financial calculations, particularly for determining business interest expense limitations under U.S. tax law. It is generally calculated as taxable income before considering non-cash deductions such as depreciation, amortization, and depletion, as well as interest expense and certain tax attributes.
A business valuation, also referred to as a business appraisal, is an analysis designed to determine the worth of a company or operating unit.
A Profit & Loss Statement, or “P&L” for short, is a foundational financial statement used to report a business’s sales (revenue) activity, the cost to produce those sales, and other operating expenses.
