Why Posting a Net Loss Isn't a Bad Thing Come Tax Time Accountant Mark Kohler explains how you can make the best of a net loss when reporting your business taxes.
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You posted a net operating loss for the year. While obviously not ideal, it isn't necessarily a bad thing when it comes to your taxes, says accountant Mark Kohler. If you aggressively track expenses, you can actually increase your net loss, which you can claim on the current or next year's return, he says.
