The essential tax-strategy book for entrepreneurs who call themselves "boss."Named a "Best Tax Book" by EntrepreneurKnowing the ins and outs of the tax code is vital to the health of every small business. Virtually every decision a business makes has tax consequences that can affect its bottom line -- and the IRS is always watching.Tax Savvy for Small Business provides valuable strategies that will free up your time and money for what counts -- running your business, and running it effectively. It explains how to:deduct current and capitalized expenses write off up to $108,000 of long-term assets each year compare different business structures take advantage of fringe benefitskeep records that will head off trouble with the IRS get tax breaks from business losses deal with payroll taxes negotiate payment plans for late taxes handle an audit get IRS penalties and interest reduced maximize retirement fundsuse retirement funds as a tax break Completely updated, the 11th edition of Tax Savvy for Small Business provides the latest tax breaks, rules, forms and publications. You'll also find a list of the top 25 business deductions – the best deductions to take and how to claim them.List of FormsIRS Publications ListForms Checklist and Due DatesQuick and Easy Access to IRS Tax Help and Tax Products (Publication 2053-A)

Frederick W. Daily, Bethany K. Laurence

Daily, Frederick W., 1942-

Daily J.D., Frederick

Business & economics : Faxation : General, 11. ed, Berkeley, Calif, 2007

United States, United States of America

11 edition, November 15, 2007

11th ed, Berkeley, CA, 2007

Volume 0, 2007

Obscured text on back cover

364 pages : 28 cm
Provides small business owners with what they need to know about federal taxes, and explains how to make the best tax decisions, maximize deductions and profits, appeal audit decisions, and stay out of trouble with the IRS
Includes index
Tax basics -- Deductible business expenses and income -- Writing off business assets -- Bookkeeping and accounting -- Business losses and failures -- Tax concerns of employers -- Sole proprietorships -- C corporations -- S corporations -- Partnerships -- Limited liability companies -- Qualified personal service corporations -- Family businesses -- Microbusinesses and home-based businesses -- Fringe benefits -- Retirement plans -- Buying a business -- Selling a business -- When you can't pay your taxes -- Audits -- Appealing IRS audits -- Penalties and interest -- Help beyond the book -- Answers to 25 frequently asked tax questions

2023-06-28