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Why High-Income Business Owners Often Overpay in Taxes
Most high-income business owners are not overpaying because they are bad at business.
If anything, many are exceptionally good at business.
The problem is they are still handling taxes with the same strategy they used when the business was operating out of a spare bedroom, QuickBooks was three months behind, and “recordkeeping” meant a pile of receipts in the center console of a truck.
At some point, the business evolves.
The tax strategy often does not.
Marion Davis
May 245 min read
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