A net operating loss (NOL) occurs when a business’s operating expenses and other deductions for the year exceed its revenues. On the bright side, you can claim an NOL deduction if your business’s expenses exceed its income (though certain modifications apply). Generally, once you incur a qualifying NOL, you can either carry it back as far as allowable (typically two years) and then carry forward any remaining amount, or you can elect to carry forward the entire loss. Choosing the best approach can be tricky, so please give us a call for help.

UNLOCK PRIVATE COMPANY VALUATION: HOW TO CALCULATE SHARE VALUE
Calculating the value of shares in a private company is a critical process impacting multiple business decisions, from exit planning and shareholder buyouts to mergers