Tax Savvy for Small Business

Tax Savvy for Small Business
Author: Stephen Fishman
Publisher: Nolo
Total Pages: 385
Release: 2023-01-31
Genre: Business & Economics
ISBN: 1413330401

Now more than ever, small business owners need to understand tax rules to take advantage of the many tax benefits available to them, from deductions to tax credits to retirement plans. This book teaches business owners what they need to know to make the best tax-related decisions in all aspects of their business. It is completely updated to cover new changes to the tax laws under post-COVID tax relief legislation.

The Pocket Small Business Owner's Guide to Taxes

The Pocket Small Business Owner's Guide to Taxes
Author: Brian Germer
Publisher: Simon and Schuster
Total Pages: 240
Release: 2012-11-13
Genre: Business & Economics
ISBN: 1621532534

When does nontaxable business income become taxable? How do you calculate the cost of goods sold? What can be deducted? What is a fixed asset? This no-nonsense guide answers these common questions and more, empowering small business owners to understand how and why they are taxed and maximize their deductions. You’ll learn when depreciation begins, how to classify payments to employees, how to track inventory and sales, and strategies for successful accounting. Coverage also includes: Tax benefits for employers Business classifications S corporation tax issues Deductible expenses Retirement plans Shareholder loans Family employee payroll And more Taxes can be intimidating and confusing, especially for a small business owner who may have only handled individual taxes in the past. Understanding the tax system is essential for all small business owners, whether they are filing on their own or with the help of an accountant. When it comes to running your finances, knowledge is power, and The Pocket Small Business Owner's Guide to Taxes puts the power in your hands!

Deduct It!

Deduct It!
Author: Stephen Fishman
Publisher: Nolo
Total Pages: 465
Release: 2023-11-28
Genre: Business & Economics
ISBN: 1413331351

Deduct It! is indispensable to your financial success, whether your business is just starting or well established. This book explains how to take advantage of all the business tax deductions and credits available to small business owners. It covers deductions for start-up and operating expenses, travel and meals, home offices, medical expenses, equipment and inventory, and more.

The Tax and Legal Playbook

The Tax and Legal Playbook
Author: Mark J. Kohler
Publisher: Entrepreneur Press
Total Pages: 187
Release: 2015-04-20
Genre: Business & Economics
ISBN: 161308305X

The Tax and Legal Playbook: Strategies that Save You Time and Money CPA and A ttorney Mark J. Kohler answers the leading tax and legal questions facing small business owners, across all stages of business, and delivers a comprehensive playbook of clear-cut truths, thought-provoking advice, and underutilized solutions to save you time, money, and heartache. You can read this book straight through or as a reference guide—reading the chapters as needed to answer the questions as they arise. You’ll come away wiser and better equipped to make the best decisions for your business, your family, and yourself. Covers: • The ins and outs behind fundamental business decisions • Underutilized tax and legal strategies that can save you thousands • Picking the right legal entity for your business • Common legal scams and deceptions to avoid • Protecting your assets and planning for retirement • Issues are illustrated with entertaining, real-world examples

Small Business Taxes For Dummies

Small Business Taxes For Dummies
Author: Eric Tyson
Publisher: John Wiley & Sons
Total Pages: 292
Release: 2019-02-06
Genre: Business & Economics
ISBN: 1119517818

Small business taxes taxing you out? For most business owners, their single biggest “expense” (and headache) is dealing with their taxes. And while the just passed Congressional tax bill reduced taxes for many of the estimated 30 million small business owners in the U.S., the nation’s taxes continue to be complex. Not being up-to-speed on tax rules and strategies can lead to mistakes that cost business owners thousands of dollars in fines and penalties every year. Small Business Taxes For Dummies assists both current and aspiring small business owners with important tax planning issues, including complete coverage of the tax changes taking effect in 2018, creating an ongoing tax routine, dealing with the IRS, and navigating audits and notices. Includes issues influencing incorporated small businesses, partnerships, and LLCs Offers expanded coverage of other business taxes including payroll and sales taxes Provides websites and other online tax resources Gives guidance to millennials juggling multiple gigs If you’re a current or aspiring small business owner looking for the most up-to-date tax planning issues, this book keeps you covered.

Home Business Tax Deductions

Home Business Tax Deductions
Author: Stephen Fishman
Publisher: Nolo
Total Pages: 417
Release: 2020-11-30
Genre: Business & Economics
ISBN: 1413328059

Pay less to the IRS For any home business, claiming all the tax deductions you are entitled to is essential to your business’s financial success. Don’t miss out on the many valuable deductions you can claim. Here, you’ll find out how to deduct: start-up costs home office expenses vehicles, meals, and travel expenses medical expenses, and retirement expenses. You’ll also learn how to keep accurate, thorough records in case the IRS ever comes calling. Easy to read and full of real-life examples, this book can help you take advantage of all the valuable deductions you are entitled to. The 17th edition is updated to cover changes under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

Tax Savvy for Small Business

Tax Savvy for Small Business
Author: Frederick W. Daily
Publisher: Nolo
Total Pages: 377
Release: 2021-01-06
Genre: Business & Economics
ISBN: 1413328172

Create a business tax strategy that will save you time, energy, and money Getting your tax matters on track will free up your time to do what really counts: run a profitable business. Tax Savvy for Small Business shows you how to: deduct operating expenses deduct travel, vehicle, and meal expenses take advantage of tax credits write off long-term assets compare business structures keep solid business records, and handle an IRS audit. This completely updated edition of Tax Savvy for Small Business covers new tax rules under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and how those rules affect small business owners. Completely updated to cover the new Coronavirus Aid, Relief, and Economic Security Act (CARES Act).