Small-Business Owners: Don’t Forget Special Pandemic Tax Breaks

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One-time changes to the tax code in 2020 can help struggling small-business owners get their hands on fast cash.

If you’re a small-business owner, don’t overlook tax breaks that could help this year—whether your business is on the ropes or is booming.

The coronavirus pandemic has left millions of small businesses like restaurants and shops struggling to survive. Nearly two million American firms, mostly small ones, have already closed their doors in 2020, says Raymond Greenhill, president of Oxxford Information Technology, which tracks about 32 million U.S. businesses of all sizes. At the same time, some small firms, like cleaning...

 

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It is great they are changing the taxes for the small businesses this year. These are the times they need this help!

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