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A little over a quarter of the 23 million businesses filing tax returns as sole proprietorships in the U.S. lose money. Losing money in a particular tax year doesn’t necessarily mean those businesses will ultimately fail, but it sure isn’t a sign of health. We take a look at what the 73% of businesses making a profit did right, and what the 27% of businesses reporting a loss did wrong.
Taxes are at the heart of business finance, and can soak up over 40% of gr… More >>
Sole Proprietor Tax Considerations: Deductions, Schedule C Filing, Self Employment Tax And The IRS
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