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Tax Tip #10: Inventory As A Tax Benefit

A new inventory deduction could mean major tax savings for online retailers and store-owners. With these new rules in place, their inventory could be considered a tax benefit rather than a tax liability! With the Tax Cuts and Jobs Act of 2017 underway, business owners should consider talking to their certified public accountant about their accounting method. These new rules could mean more favorable tax savings if the business meets the requirements.

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