A business owner comes into your office and asks for guidance as to the best way to maximize tax deductions for the company and the employees.Explain the tax deferral concepts and the impact on the business, the employee, and potential tax consequences on

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A business owner comes into your office and asks for guidance as to the best way to maximize tax deductions for the company and the employees.Explain the tax deferral concepts and the impact on the business, the employee, and potential tax consequences on both. Please be specific with your recommendations.

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