You can save on taxes via some year-end moves
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Description
Abstract: This article offers some year-end tax-saving strategies. Discussed is writing off assets, such as uncollectible accounts receivable, depreciated used vehicles and auto parts. Taking advantage of Section 179 expensing also is highlighted, as is carefully timing the payment of year-end bonuses and vacation pay and other moves. A sidebar discusses the benefits of a cost segregation study.
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