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5 Ways for Small Business Owners to Reduce Their Taxable Income

Taxes can be anxious for a small business owner. You wear multiple hats, and one of the last things you want to do is give more of your hard-earned business profits to the nation. Fortunately, there are many tax savings methods to reduce your taxable liability as a business owner. To know more visit here https://www.straighttalkcpas.com/tax-planning-and-preparation

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5 Ways for Small Business Owners to Reduce Their Taxable Income

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  1. 5 Ways for Small Business Owners to Reduce Their Taxable Income Taxes can be anxious for a small business owner. You wear multiple hats, and one of the last things you want to do is give more of your hard-earned business profits to the nation. With the help of business tax planning, you can reduce your taxable liability as a business owner. If you need methods to reduce your taxable income, consider some of the following ways below. Save Money for Healthcare Needs Change Your Business Structure Employ a Family Member Deduct Travel Expenses Start a Retirement Plan

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