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Article 5: Review Your Tax Strategies
One of the most profitable things you can do in
business is hire a good tax adviser who
understands your company.
You no doubt are expert at what you do. But
unless you’re a tax adviser, CPA or tax
consultant, you’re probably not the best person
to rely upon to minimize your tax obligation.
It’s worth noting that there is absolutely
nothing wrong about minimizing your tax
obligation. You’re required by law to pay what
you owe, but no more.
With that understanding, it’s entirely
reasonable, indeed it’s entirely responsible,
for you to make sure that you capitalize on:
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Exemptions you are
entitled to
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Deductions you may
legally claim
-
And any means of
deferring taxes you are legally permitted
Money you don’t pay
in unrequired taxes is money that stays in your
business and in your pocket. It’s also money
that stays in the private economy, creating jobs
and wealth.
The best investment you can make in this regard
is a savvy tax expert who knows tax laws as well
as you know your business. You can’t know what
you’re overlooking if you don’t know what you’re
looking at.
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