14 Last-minute Small-business Tax Tips(part1)
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Source: Forbes.com
Pay Dividends This Year
With government deficits mounting, there's a good chance that the current 15% dividend tax rate will jump in the near future. "None of us has a crystal ball, but maybe we're looking at a 20% dividend rate down the line," says Kathleen M. Barrett, partner with AGH, LLC, an accounting firm in Atlanta. The mechanics of these distributions are slightly different for C corporations and subchapter S corporations, so be sure to huddle with your accountant.
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