gettyAs we take the first steps into 2024, business owners are planning and strategizing to end the year stronger than they started. As you plan for last year’s liability, you should also start thinking forward about ways to minimize your business’s 2024 tax liability. Once you’ve reviewed your revenue and expenses, you can finalize your 2024 budget and start taking action to stick with it. Update Your Business PlanReview your current business plan and consider how well your business has performed against previous goals you set. Qualifying for financing is easier, too, if you have a current business plan.

Source: Forbes January 20, 2024 00:32 UTC