Ashish Rana, Senior Manager in the Accounting and Taxation Department at Cogneesol Inc., has made available for download his article, “8 Tax-Saving Strategies Suggested by Experts for SMBs”, published on the LexBlog. The abstract is as follows:
Running a small business has an expense of its own. For an entrepreneur, every dime counts! For a small business owner, investing in a company with an idea and a vision to make a niche for itself in the highly competitive market is always a risk. Moreover, complicated tax compliance norms make things more complex for owners.
Generally, one has to pay at least 90% of the tax for the running year and 100% of taxes due for the previous year.
Business owners are not tax professionals; they are unaware of the nitty-gritty of how to save while paying the taxes so that you can invest the amount saved for other, more crucial business purposes.
Here are some tax-saving hacks suggested by experts for small businesses to save money; let’s read them all.
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.