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CFO Slice
In recent months, American companies have begun to reap the benefits of tax changes that allow for quicker deductions in areas like research and development, interest expenses, and equipment purchases. This shift has led to improved short-term liquidity and greater flexibility for strategic investments. However, small and midsized businesses face challenges in fully leveraging these tax benefits due to limited resources and awareness. Accountants and advisors specializing in SMBs play a crucial role in helping these businesses navigate the complexities of tax planning, ensuring that they can transform immediate relief into sustainable growth strategies. The current fiscal landscape emphasizes the need for proactive financial planning to capitalize on these opportunities.
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