Deducting The Right Way

Deducting The Right Way
Author: Jd Iris K Palma
Publisher:
Total Pages: 146
Release: 2021
Genre:
ISBN:

Black and white edition with 2021 tax code updates. Award-nominated book (Author Elite Awards, Oct. 2020). Do-it-yourself accounting and taxes are growing in popularity... but often lead to rookie mistakes that can make you fall hard and fast. It's true. Look at how many small businesses close their doors during the startup years. Running a profitable business boils down to one thing-the numbers. And going it alone (without expert guidance) doesn't work out. This book has the inside scoop the authors gain while helping small business clients with federal income tax, state income tax, bookkeeping, business management, business plans and ideas, management accounting, technology recommendations, tax resolution, tax planning, and more. You'll learn practical information you can implement right now whether you're a sole proprietor, freelancer, gig worker, independent contractor, entrepreneur, partnership, LLC, or S-Corp. Here's what the book reveals: Tax tips accountants aren't always willing to share The lesser-known problems small business owners face How tax write-offs affect your tax return Why small business bookkeeping is a top priority How to protect yourself when you make a mistake Get your copy to find out why deducting the right way helps you operate a more profitable venture.

Deducting The Right Way

Deducting The Right Way
Author: Thomas J. Williams, EA
Publisher: TBPH IP, LLC
Total Pages: 143
Release: 2020-01-21
Genre: Business & Economics
ISBN: 1659566126

2020 updates to our award-nominated book (Author Academy Awards, Oct. 2019):reflects the latest tax law changes and expanded with two new chapters. Do-it-yourself accounting and taxes are growing in popularity but often leads to rookie mistakes that can make you fall hard and fast. It’s true, look at how many small businesses close their doors during the startup years. Running a profitable business boils down to one thing — the numbers. And going it alone (without expert guidance) doesn’t work out. This book reveals the inside scoop the authors gain while helping small business clients with preparing tax returns, paying taxes, bookkeeping, managerial decision making, business plans and ideas, accounting, technology recommendations, tax resolution, tax planning, and more. You’ll learn practical information you can implement right now whether you’re a sole proprietor, freelancer, side hustler, independent contractor, entrepreneur, partnership, LLC, or S-Corp. Here’s what the book reveals: Tax tips accountants aren‘t always willing to share The lesser-known problems small business owners face How tax write-offs affect your tax return Why bookkeeping is a top priority How to protect yourself when you make a mistake Get your copy to find out why deducting the right way helps you operate a more profitable venture.

Deducting The Right Way

Deducting The Right Way
Author: Jd Iris K Palma
Publisher:
Total Pages: 146
Release: 2021
Genre:
ISBN:

Color edition with 2021 tax code updates. Award-nominated book (Author Elite Awards, Oct. 2020). Do-it-yourself accounting and taxes are growing in popularity... but often lead to rookie mistakes that can make you fall hard and fast. It's true. Look at how many small businesses close their doors during the startup years. Running a profitable business boils down to one thing-the numbers. And going it alone (without expert guidance) doesn't work out. This book has the inside scoop the authors gain while helping small business clients with federal income tax, state income tax, bookkeeping, business management, business plans and ideas, management accounting, technology recommendations, tax resolution, tax planning, and more. You'll learn practical information you can implement right now whether you're a sole proprietor, freelancer, gig worker, independent contractor, entrepreneur, partnership, LLC, or S-Corp. Here's what the book reveals: Tax tips accountants aren't always willing to share The lesser-known problems small business owners face How tax write-offs affect your tax return Why small business bookkeeping is a top priority How to protect yourself when you make a mistake Get your copy to find out why deducting the right way helps you operate a more profitable venture.

Deducting the Right Way

Deducting the Right Way
Author: Iris Palma,
Publisher:
Total Pages: 57
Release: 2020-09-19
Genre:
ISBN:

You're self-employed, and you set up a home office. Plus, you drive your personal vehicle for business. How do you protect your tax deduction? In our workbook, you'll discover how to track your expenses, calculate your business-use percentage and choose your write-off method. We'll also dive into the formula you must use after selling those personal assets for a gain. Here's what you'll learn in this workbook. Why you need to claim a home office deduction if you also have car mileage Which work from home expenses are eligible for a write-off How to determine your tax deduction in an easy-to-follow format When depreciation recapture can occur Use our book as your go-to resource for your home-based business, whether you're a micro-business or small business.

Write It Off! Deduct It!

Write It Off! Deduct It!
Author: Bernard B. Kamoroff
Publisher:
Total Pages: 0
Release: 2015
Genre: Home-based businesses
ISBN: 9781630760694

Are you paying more taxes than you have to? The IRS is certainly not going to tell you about a deduction you failed to take, and your accountant won't catch everything. This invaluable book not only lists the individual items that are deductible in your home-based business-fro...

Deduct Everything!

Deduct Everything!
Author: Eva Rosenberg
Publisher: Humanix Books
Total Pages: 286
Release: 2016
Genre: Business & Economics
ISBN: 163006047X

"From nationally-recognized tax expert, bestselling author, and columnist at MarketWatch, DEDUCT EVERYTHING! is full of strategies and tips, organized by topic, designed to reduce taxes in everyday life. Rosenberg also provides references and links to websites, etc, where taxpayers can go to get the latest forms. Rosenberg will walk taxpayers through the documentations required and help make sure the deductions are audit-proof. Designed to be a comprehensive guide to legal deductions and loopholes available to individual tax filers, the tax-reducing strategies cover: - family, home, and car - job or businesses, including Airbnb, Uber, and more - investments and retirement savings - medical and dental expenses and health savings accounts - education costs and charitable giving The advice will be rounded out with real-life stories from Rosenberg's clients across the country detailing exactly how to make sure the deductions are being applied correctly. A special bonus chapter will detail the tax "no-no's" Rosenberg has seem so that readers can make sure they know what mistakes to avoid. "--

Deducting The Right Way

Deducting The Right Way
Author: Jd Iris K Palma
Publisher:
Total Pages: 144
Release: 2020-02
Genre:
ISBN:

Color edition with 2020 updates. Our award-nominated book (Author Academy Awards, Oct. 2019) reflects the latest tax law changes and expanded with two new chapters.Do-it-yourself accounting and taxes are growing in popularity...but often leads to rookie mistakes that can make you fall hard and fast. It's true, look at how many small businesses close their doors during the startup years. Running a profitable business boils down to one thing - the numbers. And going it alone (without expert guidance) doesn't work out. This book reveals the inside scoop the authors gain while helping small business clients with federal income tax, state income tax, bookkeeping, business management, business plans and ideas, management accounting, technology recommendations, tax resolution, tax planning, and more. You'll learn practical information you can implement right now whether you're a sole proprietor, freelancer, side hustler, independent contractor, entrepreneur, partnership, LLC, or S-Corp. Here's what the book reveals: Tax tips accountants aren't always willing to share The lesser known problems small business owners face How tax write-offs affect your tax return Why small business bookkeeping is a top priority How to protect yourself when you make a mistake Get your copy to find out why deducting the right way helps you operate a more profitable venture.

Deducting the Right Way

Deducting the Right Way
Author: Iris Palma,
Publisher:
Total Pages: 136
Release: 2021-03-03
Genre:
ISBN:

As a homeowner, you get tax breaks for your principal residence and second home. But you can't access the most valuable write-offs until you sell your house. That's right. Your major home improvements can save you money in capital gains tax. Sure, the IRS waives the tax on the first $250k (single) or $500k (married) of gain on your primary residence, but if you surpass it, then you're in trouble. You'll need to prove the profit is much smaller. This workbook outlines the steps required to protect your tax deduction. Plus, it has fillable forms to help track your adjusted basis -- the figure you report on your tax return to reduce the tax you pay. Here's what the book reveals: When you'll surpass the IRS exclusion limits The lesser-known problems of not tracking your basis Which expenses help you pay less tax How the figures affect your tax return Why record keeping is a top priority Get your workbook, so you can pay less tax.