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Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
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Under the Tax Cuts and Job Act, pass-through businesses with qualifying incomes can deduct 20% of their income. Retailers and Services account for operating costs much differently. On the other hand, retailers will need to take stock of their inventory as well as the cost of labor. Cost of Goods Sold vs. Cost of Service.
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