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Small business owners often overpay their taxes. It is not unexpected. After all, U.S. tax law is incredibly complicated. And the IRS estimates that business taxpayers spend, on average, around 24 hours dealing with taxes, including recordkeeping, planning, and completing and submitting tax forms. To know more visit here https://www.alignedwealthadv.com/tax-planning-fort-worth-tx
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Six Small Business Year-End Tax Planning Moves to Make Now Small business owners often overpay their taxes. It is not unexpected. After all, U.S. tax law is incredibly complicated. And the IRS counts that company taxpayers pay, on average, around 24 hours dealing with taxes, including recordkeeping, planning, and completing and submitting tax forms. To help make next tax season less, well, taxing, here are a few year-end business tax planning strategies to consider. Postpone Income and Accelerate Expenses Claim the Employee Retention Credit Establish a Retirement Plan Claim Bonus Depreciation Contribute To an HSA Give to Charity