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November 29, 2019
NEW YORK — With a little over one month to go in 2019, small business owners should think about purchases or investments that make good business sense and will give them a break on their taxes.
Owners with available cash and a wish list should consider what equipment they need. Or, do they want to create a retirement plan or make a big contribution to an existing one? If they have home offices, are there repairs or improvements that can be done by Dec. 31? But owners should also remember the advice from tax professionals: Don't make a decision based on saving on taxes. Any big expenditure should be made because it fits with your ongoing business strategy.
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