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Tax season in the US is particularly that time of the year when all small and big business owners alike have to file for taxes on the revenue that they have generated throughout the year. However, when it comes to small businesses, if the owners play their cards right, they have an excellent opportunity to
When you start out a business, you usually have limited financial resources and every cent of saving counts. One of the ways of saving money while conducting business is by saving taxes on all expenses paid for business. Also, small businesses have many more opportunities of making tax savings than large businesses. Make use of
IRAs Owners of self-directed IRAs must be very careful with the IRAs’ investments, as this case shows. Two individuals formed a new firm and directed their IRAs to buy all of the stock. The company that the IRAs owned then purchased a business for cash and a note that was secured by the personal guaranties
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