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Stockpile company profits penalty-free

by on
in Small Business Tax,Small Business Tax Deduction Strategies

In the current economic climate, it’s a good idea for your company to save money for a rainy day. But you can run into serious tax trouble if you hoard too much cash in the corporate cupboard. Strategy: Stay within the prescribed tax-law limits. Otherwise, your company could be socked with the “accumulated earnings tax.”

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