Tax planning for small business owners

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Tax Planning For Small Business Owners
In todays gig economy, it is not uncommon for
small business owners to have multiple streams
of income. While diversification can bring
financial security, it also adds hardship to
your tax situation. Remember that business tax
planning is an ongoing process, not just a
year-end task. Regularly reviewing and adjusting
your plans ensures that you minimize your tax
liability. Here are tax planning strategies for
small business owners with multiple sources of
income. Understand Deductions and Credits
Estimate and Pay Quarterly Taxes Consult with a
Tax Professional Business Structure Matters