Business Income Deduction
With only two days left to file taxes, you should know that the Tax Cuts and Jobs Act drastically cut the corporate tax rate and it also introduced the qualified business income (QBI) deduction. The QBI offers a way to lower the effective tax rate on the profits of owners of pass-through entities. These include sole proprietorships (including independent contractors), partnerships, limited liability companies, and S corporations.
It's time for you or your CPA to see those deductions in seconds at BusinessRefund.com
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