As an owner of a small business, various questions will almost certainly cross your mind. How much am I supposed to pay for the tax? Why am I paying a specific amount of money? Is there a way I can reduce the taxable income? This is normal because the last thing you would want is to pay a significant amount of your hard-earned money to the government as taxes. Here are strategies you can use to reduce taxable income: Have A Retirement Plan As a small business owner, you will…
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