The Tax Cuts and Jobs Act provides a tremendous amount of tax planning opportunities for business owners, and this report highlights some of the key planning areas for you to consider. But it’s crucial to start now, so that you’re positioned to take full advantages of the changes later.
Understanding the full range of tax benefits available, and implementing them correctly, is critical for minimizing your tax liability. The benefits of the new tax deductions can vary, however, depending upon: - The structure of your business, - The type of business that you are in, - The net income of your business, - The salary amounts for owners, and - Numerous other considerations
The right combination of structuring can increase your deductions by 20% or more, but it’s different from every business. You’re entitled to unlock the benefits of the new deductions available to you – be sure to educate yourself on every possibility.
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