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The 6 Best 2019 Tax Moves For Your Business

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15.04.2019

2018 is all over, and if you're like my smartest clients you're focusing on ways to cut your taxes for 2019.

You're not? That's a shame, because your taxes count for, what, 20 to 30 percent of your income, right? They're probably your single biggest expense in a year. But with a few moves now you can minimize this expense. What moves? Try these:

Most small and medium-sized companies can deduct up to a million dollars of purchases for capital equipment, certain autos, computers, off-the-shelf software, and other business property using the Section 179 accelerated depreciation rules. But the secret here is that you don't actually have to buy it all with your cash. Even if you finance a capital equipment investment (and interest rates are still attractively low) it's still deductible. You just need to just make sure the item is put into service by the end of the year.

The Work Opportunity Tax Credit is a little-known benefit, but a powerful one. If you hire someone who has been long-term (more than six months)........

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