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Tag Archives: tax planning

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Year-End Tax Planning Strategies for Businesses

Accounting, EntrepreneurBy balancedbookzNovember 13, 2019Leave a comment

A number of end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Here are a few of them: Deferring Income Businesses using the cash method of accounting can defer income into 2020 by delaying end-of-year invoices, so payment is not received until 2020. Businesses using the…

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