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6 Tax Mistakes Every Small Business Owner Should Know
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In this episode of Cash Flow Factor, host Dawn Porthouse discusses common tax mistakes that can drain a business's cash flow and offers strategies to avoid them. Key topics include the importance of maintaining separate personal and business finances, using dedicated business accounts and accounting software, properly classifying workers, managing quarterly estimated tax payments, and maximizing tax deductions. The episode highlights the benefits of working with tax professionals and CFO advisors to navigate complex tax laws and optimize financial strategies for business growth.
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