With 99% of all companies in the U.S. identified as small businesses, they play an important role in job creation and good information helps with long-range planning for these entities.
Every business's tax situation is unique, so it's important to discuss these tax planning strategies with a tax professional before making any significant moves.
The day-to-day of small business ownership is fast-paced, so be sure to cover your business based on its specific offerings and needs to protect your livelihood and realize your dreams.