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Strategic entrepreneurs recognize that the new year is prime time to gain a competitive edge. One of the best ways to do this is to take a fresh approach to your tax planning.
Instead of simply closing out your books, carve out time for some high-value strategic work. You’ll come away with a clear vision for your financial future, less stress and, most likely, more money in your pocket.
Here are four steps to guide the process.
1. Figure out where you stand
First things first: If you haven’t already met with your tax advisor to estimate your taxable income and tax liability
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