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What are the best tax strategies for entrepreneurs?
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The best tax strategies for entrepreneurs depend on their individual business needs. It is important to consult with a tax professional to identify the best strategies for each individual. Some of the most common tax strategies for entrepreneurs include filing quarterly estimated taxes, exploring tax deductions, taking advantage of deferrals through retirement accounts, establishing a health savings account, and taking advantage of any available tax credits. Additionally, it is important to monitor changing tax laws to ensure that entrepreneurs are taking advantage of all applicable tax strategies.