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January 2024

Planning taxes for small business minimize tax liability

9 Tax Planning Strategies to Minimize Tax Liability 

By Tax Advice

Business owners typically have significant goals to achieve each year, beyond the essential goal of simply surviving. Those goals can include hiring high-potential employees, preventing employee burnout, retaining employees, improving productivity, cutting costs, improving customer service, strengthening marketing effectiveness, finding financing opportunities, growing the business, and increasing profitability. The ultimate goal is to pay for all costs and make a profit. Making a profit is impacted by strategies to minimize tax liability.  Why Businesses Should Minimize Tax Liability  Business tax liability is…

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