Ashish Rana (LexBlog): 8 Tax-Saving Strategies Suggested by Experts for SMBs (July 21, 2021)

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.

Click here to view Ashish Rana’s summary of “8 Tax-Saving Strategies Suggested by Experts for SMBs”

Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.

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