7 best practices for small business taxes

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7 best practices for small business taxes
Running a business is hard enough without adding
the complication of filing taxes every year.
Whether it is surviving an audit or finding
tax-friendly methods to run your business, tax
planning services in Marlboro, NJ helps you
reduce tax obligations and make paying taxes
less. Here are seven practices for small
businesses when it comes to tax planning and
small business accounting- Understand the
difference between net and gross income Seek
your accountants guidance on your business plan
Claim income that is reported to the
IRS Correctly organize your business Hire the
right accountant Keep adequate records Manage
payroll