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When It Comes to Taxes, Here Is How to Handle Inventory

Everyone wants their business to grow, right? Often entrepreneurs that run an ecommerce or brick-and-mortar store are surprised that as their inventory shrinks and grows so does their tax bill. It’s important to understand how you will be taxed on your goods in order to prevent a large tax bill from the IRS. Check out David McKeegan’s article on Entrepreneur’s Ask the Expert Series to learn the best practices when choosing a corporate structure, valuing your inventory and estimating your tax payments.

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