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A Tax-Preparation Checklist for the Self-Employed

Here are seven boxes to check.

Tax season can be a stressful time for most people, and for entrepreneurs, it can be twice the pressure of having to manage both personal and business taxes.

Making things worse is that the coronavirus pandemic has created major last-minute changes to the tax policies. However, there is a way for the self-employed--whether you are a sole proprietor or running a business with other employees--to maximize tax savings while minimizing stress. These seven strategies will help keep you on the ball for this tax season and in preparing for the future.