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5 smart tax moves if you run your own business

from CNBC

Alas, the deadline to file 2015 taxes is fast approaching. But for savvy business owners, the prep work for next year's taxes is just beginning. Small businesses collectively face an average effective tax rate of 19.8 percent, according to the US Small Business Administration's Office of Advocacy. That can amount to thousands of dollars or more in taxes each year — no pocket change for your typical mom-and-pop shop. more


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