If you are a small to medium-sized business owner, now is the time to start "tax planning" for 2009. You should call your "tax man" today and schedule a meeting. He or she can give you good advice as to what you should do between now and year end 2009 to reduce your tax liability for the year. If you wait too long before you meet with your tax preparer, he will be "hand-cuffed" with his suggestions.
With the current economy, all businesses should do whatever "legally possible" to reduce the outflow of cash with all expenses, especially income taxes!!!
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