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Tips For Tax Planning As A First Time Business Owner

We all know that the overall goal of planning our taxes, is to pay the minimum amount that we are legally required to, but if you’re a business owner, be warned that any actions you take to reduce your taxes, will have effect upon the book value of your assets. It’s important that you think long and hard about what might be best for your business in the long term, instead of simply focusing upon reducing your taxes each year.

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