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Do I have to pay taxes on a business that is losing money 2024?

Oliver Davis | 2023-05-08 00:38:55 | page views:1195
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Julian Harris

Works at the International Fund for Agricultural Development, Lives in Rome, Italy.
If the total deductible expenses for your business are greater than its income then it will have a loss for tax purposes. The business will not have to pay tax and the loss can generally be used to reduce income in future income years.
2023-05-12 00:38:55

Isabella Clark

QuesHub.com delivers expert answers and knowledge to you.
If the total deductible expenses for your business are greater than its income then it will have a loss for tax purposes. The business will not have to pay tax and the loss can generally be used to reduce income in future income years.
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