The 3 Best Ways to Save Taxes if You Have Multiple Business Ventures

by Ana Lopez

Opinions of contributing entrepreneurs are their own.

Despite the difficulties arising from the current crisis – or perhaps because of it – there was a significant increase in the number of new business applications in 2020. In 2020 almost 4.5 million companies signed up to open their doors for the first time. That’s a 24.3 percent increase over the previous year, according to NerdWallet.

Why the explosion? While entrepreneurs often see opportunities in challenging environments, the asset manager in me suspects they were also after something else during the tough times of the pandemic: multiple streams of income.

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