The Impact of Tax Reform on Small Businesses: Navigating Changes Effectively
Examining the Key Changes in Tax Reform Affecting Small Businesses
The recent tax reform has brought about significant changes in the tax landscape, particularly for small businesses. One of the key changes affecting small businesses is the reduction in the corporate tax rate. With the new tax law, the corporate tax rate has been slashed from 35% to 21%, providing small businesses with an opportunity to retain more of their profits.
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