Paragraph match score 82.2%
Page A-960
Tax Saving Options for Family Business Owners
Family-run businesses and enterprises are liable to pay income tax on their revenues generated, which can be a considerable sum. They must therefore take benefit of tax deductions and exemptions available to minimise their tax liability as a company:
Page A-863
Tax Saving for Retired Individuals:
If you have a family run business or enterprises, income tax on their revenues is a liability which can be a significant amount. Thus, you must opt for the benefit of tax exemptions and deductions to lower the tax liability as a company. Here are a few ways: