Money-Saving Tax Strategies for Small Business

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Money-Saving Tax Strategies for Small Business A
small business owner should plan their taxes as
their income rises to avoid being surprised by
big tax penalties. Small business tax planning is
vital for a successful business, and there are
different strategies available for minimizing tax
bills for businesses with larger earnings. Here
are few tax strategies for small businesses- Pay
down your debt Regular and exclusive use
Principal place of business Defer income to lower
your taxable income Maximize contributions to
your retirement plan Create the most of your
home office deductions