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In this compelling episode, we explore the wisdom of Yoav Vilner, a renowned business strategist and expert in tax efficiency, who reveals transformative strategies to elevate your business growth and profitability. Yoav illuminates how small to medium business owners often overlook the potential of treating their tax liability as a profit center. He offers insightful tips on how a proactive approach to taxes can significantly increase the profit that businesses keep. He emphasizes the crucial role of a well-structured team for tax efficiency and profitable growth and provides insight into how companies can strategize their operations for optimal tax management, regardless of their size.

The episode also touches on the pivotal role of proactive planning when it comes to exit strategies. Vilner underscores the importance of structure prior to the sale of assets, to either eliminate or defer taxes.

Key Takeaways:

1. Treating tax liability as a profit center can significantly increase profitability.
2. A proactive approach to tax efficiency is vital. Businesses need to understand and utilize the available "coupons" in the tax code.
3. As a business grows, its support system for tax efficiency or inefficiency should grow with it. This may involve building an in-house team or contracting professionals.
4. The awareness of the necessity of a team for tax efficiency is often lacking in private companies. It usually becomes a forced requirement upon becoming a public company or during an exit.
5. Proactive planning before selling appreciated assets, like businesses or real estate, can help eliminate or defer taxes.

If you're an entrepreneur looking to optimize your business profitability or planning an exit strategy, listen in to uncover how proactive tax management can transform your business. As Vilner says, "Start paying attention to how much taxable income you have and how you can adjust that to keep more of it." Don't miss this episode!