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Tag: Timing

Deductions, accounting, tax savings, tax planning

How to Lower Your Tax Bill By Accelerating Deductions

Posted on October 5, 2021December 17, 2021

Do you know when you can claim a deduction and when you have to defer it? Claiming a deduction on a business return sounds pretty simple, right? All you need to do is look at your practice’s income statement and just enter it into TurboTax as a deduction… no questions asked. It’s a little more…

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