Tax Savvy for Small Business

Tax Savvy for Small Business
Author: Frederick W. Daily
Publisher: NOLO
Total Pages: 396
Release: 2001
Genre: Business & Economics
ISBN: 9780873377188

Despite popular opinion, it is possible to run a profitable, honest business while minimizing taxes and staying out of legal trouble. Tax Savvy for Small Business helps readers do just that, detailing year-round tax-saving strategies for: -- claiming all legitimate deductions -- maximizing fringe benefits -- keeping accurate records -- documenting expenses -- surviving an audit The 5th edition provides the most current IRS rules, the latest tax codes and a new chapter of "Frequently Asked Questions."

Tax Savvy for Small Business

Tax Savvy for Small Business
Author: Stephen Fishman
Publisher: Nolo
Total Pages: 385
Release: 2023-01-09
Genre: Business & Economics
ISBN: 141333041X

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 covers changes in tax rates, deductions, and credits, including the commercial clean vehicle tax credits under the Inflation Reduction Act of 2022. Tax Savvy for Small Business is the up-to-date resource you need to maximize your deductions and boost your business’s bottom line.

Money Makers

Money Makers
Author: David Snider
Publisher: Macmillan + ORM
Total Pages: 235
Release: 2010-02-16
Genre: Business & Economics
ISBN: 0230105556

An indispensable on-the-ground guide that puts today's financial landscape into perspective. Money Makers illuminates the often secretive industries of the private sector that drive the modern economy. David Snider and Chris Howard draw on their interviews with top executives--such as Jamie Dimon, CEO of JPMorgan Chase; David Rubenstein, Cofounder of the Carlyle Group; and Shona Brown, Senior Vice President of Business Operations at Google--to reveal the histories, mechanics, operations and challenges of investment banking, venture capital, private equity, hedge funds, management consulting, and the management of Fortune 500 companies. With a Foreword by Robert K. Steel, Former CEO of Wachovia and Under Secretary of Domestic Finance for the US Treasury

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.

Wealth Creation for Small Business Owners

Wealth Creation for Small Business Owners
Author: James E Cheeks
Publisher: Simon and Schuster
Total Pages: 320
Release: 2009-12-18
Genre: Business & Economics
ISBN: 1440513031

“Wealth management . . . is not often at the forefront of a young entrepreneur’s mind. But with some careful planning you can ensure that you are flush for the future.” —Dominic Preston, GrowthBusiness.com Millions of small business owners are sitting on a gold mine and don’t realize it! Your enterprises can be tools for creating extensive personal wealth—assets not tied to your businesses. Certain little-known small business laws allow entrepreneurs to use business tax systems to build retirement funds, maintain good health care and insurance, and hold on to family assets. Now, using easy-to-grasp strategies, lawyer and professor James E. Cheeks demonstrates how to legally: Shelter business profits from tax Decide who should hold business assets Withdraw business profits when needed Protect assets from creditor claims Create and preserve family wealth There’s a clear path to riches . . . and this valuable guide leads the way.

The Tax and Legal Playbook

The Tax and Legal Playbook
Author: Mark J. Kohler
Publisher: Entrepreneur Press
Total Pages: 346
Release: 2019-07-23
Genre: Business & Economics
ISBN: 161308403X

The Tax Rules Have Changed. Your Business Should, Too. The Tax Cut and Jobs Act of 2017 marks the biggest tax reform in more than 30 years. The changes to the tax code are complex (especially for the small-business owner), but you don't have to go it alone. CPA and Attorney Mark J. Kohler delivers a comprehensive analysis of the new tax and legal structure you desperately need to help make the new tax law work for you. In this revised edition of The Tax and Legal Playbook, Kohler reveals clear-cut truths about tax and legal planning and delivers a practical, play-by-play guide that helps you build wealth, save on taxes, and protect your assets. Using real-world case studies, tax-savvy tips, game plans, and discussion points, Kohler coaches you through the complexities of the tax game of the small-business owner. You'll also learn how to: Examine your business needs and pick the right business entity for you Build your personal and corporate credit in eight steps Implement affordable asset protection strategies Take advantage of underutilized business tax deductions Pick the right health-care, retirement, and estate plans Bring on partners and investors the right way Plan for your future with self-directed retirement funds Reading from cover to cover or refer to each chapter as needed, you will come away wiser and better equipped to make the best decisions for your business, your family, and yourself.

Tax Deductions Guide

Tax Deductions Guide
Author: Lionel Pellegrino
Publisher: Independently Published
Total Pages: 90
Release: 2021-08-14
Genre:
ISBN:

Taxes can be stressful for a small business owner. You likely wear many hats, and the last thing you want to do is give more of your hard-earned business income to the government. Thankfully, there are many tax savings strategies to reduce your taxable liability as a business owner. If you need ways to reduce your taxable income this year, read carefully If you are an entrepreneur or small business owner learn how to: - have a blast in your business, entertain more clients, give gifts and travel more - transform personal expenses into business expenses - save yourself, your family, and your business hundreds, but more likely thousands a year - lower your taxes every year, indefinitely - and most importantly, fund your retirement with incredibly large tax-free contributions, all within the guidelines of the tax code.

Small Business Tax Facts

Small Business Tax Facts
Author: Ronika Khanna
Publisher: Montreal Financial
Total Pages:
Release:
Genre: Business & Economics
ISBN: 1777443938

Starting a business or becoming self employed opens up a whole new world of tax considerations. This book will guide you through the fundamentals to ensure that you pay the taxes you need to but no more than that. In learning about the different types of tax and the sorts of deductions that businesses are entitled to you can have a better understanding of your small business tax and save time and money. Our tax companion: Makes sure you don’t miss any deductions by providing a comprehensive list of expenses that you as a small business or self employed owner claim, and explains them in detail with easy to follow examples Explains simply the key basic tax concepts that every taxpayer should know Provides details on how to do your accounting and what you need before preparing your tax return Takes you step by step through the process of completing the T2125 business tax return schedule along with examples Explores the more complex sections such as capital cost allowance, motor vehicle/car and home office expenses Takes you through the process of understanding and completing your GST/HST returns plus a special appendix on provincial sales taxes Discusses eligibility of common expenses that are less straightforward

Creative Tax Strategies for Young Entrepreneurs and Small Businesses

Creative Tax Strategies for Young Entrepreneurs and Small Businesses
Author: Kara Krystina Ostroski-francis
Publisher: CreateSpace
Total Pages: 110
Release: 2015-02-25
Genre: Business & Economics
ISBN: 9781507545065

Learn how being an entrepreneur or small business owner can save you thousands of dollars a year for life and why it can assist you in creating financial freedom for you and your family.If you are a entrepreneur or small business owner learn how to:• have a blast in your business, entertain more clients, give gifts and travel more• transform personal expenses into business expenses• save yourself, your family and your business hundreds, but more likely thousands a year• lower your taxes every year, indefinitely• and most importantly, fund your retirement with incredibly large tax free contributions, all within the guidelines of the tax code.