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Kiplinger
Kiplinger
Business
Anthony Martin

Three Strategies for Small Businesses to Reduce Taxes

A small business owner smiles as he looks at his tablet in his deli shop.

Tax season is here, as is the dreaded fear of having to owe too much in taxes (or the joy of knowing you’ll get tax refunds).

The Tax Cuts and Jobs Act of 2017 significantly reduced the corporate income tax rate from 35% to a 21% flat rate and reduced the personal income tax bracket threshold at all levels of income wage earners.

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