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The #1 Mistake Small Businesses Make

Oct 20, 2020
Most small businesses are one-person operations, yet many overlook crucial aspects of running them. Personal finance expert Laura Adams highlights the biggest mistake new business owners make and the tax liabilities they often face. She emphasizes the necessity for solopreneurs to manage their tax responsibilities better. Setting aside funds for taxes and using financial tools or accountants can significantly reduce the stress of tax season. Tune in for tips that could save you both money and headaches!
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ADVICE

Tax Planning for Solopreneurs

  • Understand your tax liability when starting a business.
  • Pay quarterly estimated taxes to avoid a large tax burden.
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