The bottom line on your tax return is misleading. In the 2026 M&A market, buyers are paying for Adjusted EBITDA, not Net Income. We break down the math of 'Add-Backs' and show how pivoting your strategy 24 months before exit can double your valuation.

Tax efficiency often obscures true enterprise value. This strategic brief examines the critical role of Owner Add-Backs in recasting financials, transforming suppressed Net Income into the Adjusted EBITDA metrics that drive premium middle-market valuations.