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Stop Treating Your Business Like a Piggy Bank: How Short-Term Tax Tricks Can Sabotage Your Long-Term Legacy
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Many business owners fall into the trap of treating their company like a personal piggy bank. Running lifestyle expenses through the business might feel like a smart tax move today — but when it’s time to sell, those shortcuts can slash millions off your valuation.
In this episode, Carol Dewey pulls back the curtain on how “tax tricks” and commingled expenses quietly erode enterprise value, destroy EBITDA multiples, and compromise your long-term legacy. Through real-world case studies — from a dry cleaner to a physician group to a franchisee — you’ll see the hidden cost of short-term thinking and how to reposition your business as a true wealth engine.
What You’ll Learn in This Episode
- Why commingling personal and business expenses shrinks your EBITDA (and your valuation).
- Real-world stories of business owners who lost millions by treating their company like a piggy bank.
- How to shift from short-term “tax savings” to long-term wealth creation.
- Why buyers, bankers, and investors demand clean books.
- How Clarus Advisory Partners and Perpetual Wealth Financial help protect your profits, maximize valuation, and safeguard your legacy.
Whether you’re preparing for an exit or just building toward future wealth, this episode will change the way you think about taxes, profits, and your business’s true value.
Resources & Links
📘 Free Download: 8 Key Drivers of Company Value
📅 Book your Complimentary Lifestyle & Legacy Assessment: Schedule with Carol
💬 Website: www.perpetualwealthfinancial.com
💬 LinkedIn: Carol Dewey
🎧 Listen & Subscribe: Available on Apple Podcasts, Spotify, and YouTube
72 episodes
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