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Small Business

Being in business for yourself is one of the greatest events you'll ever celebrate in your life. The flexibility, personal benefits and financial rewards make starting a business (large or small) a smart move.

The sooner you start a business the sooner you begin

to have a fighting chance to convert personal expenses into business deductions. As a matter of fact, it's estimated that the first year you begin a business--technically when you create an intent to profit--you should see significant deductions! This truth is worth repeating, "ultimately all deductions lower your taxable income."

We'll examine some basic strategies in the next section.