Force #1: Taxes Know how much you owe in taxes throughout the year to avoid the annual tax day surprise. And resist the temptation to spend $1 in order to save 40 cents in taxes by rationalizing, “Hey, the government pays for 40% of the cost of the computer [or whatever the company is buying], anyway.” Crabtree believes that rather than chasing the very limited tax-saving maneuvers available, CPAs would better serve business owners if they would emphasize that true wealth is created only with after-tax profits. If you do not pay any taxes, you either have not created any wealth or you have
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