Maximizing Your Business’s Tax Efficiency: Key Insights for Small Business Owners
Navigating the U.S. tax system can be challenging for small business owners, but leveraging the Qualified Business Income Deduction (QBID) can lead to significant tax savings. With the QBID set to expire after December 31, 2025, understanding how to maximize this deduction is crucial. In this article, we explore key strategies to help non-corporate businesses optimize their tax efficiency and make the most of this valuable provision before it’s too late.