Tax savvy for small business
Edition
21st edition.
Publication Information
[Berkeley, California] : Nolo, 2021.
Physical Description
362 pages : illustrations ; 28 cm
Summary
"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"--Page 4 of cover.
Notes
"Includes CARES Act tax law changes"--Cover.
Includes bibliographical references, glossary, and index.
Contents
- Tax basics
- Deductible business expenses
- Writing off long-term business assets
- Bookkeeping and accounting
- Business losses and failures
- Tax concerns of employers
- Sole proprietorships: solos, freelancers, and independent contractors
- C corporations
- S corporations
- Partnerships
- Limited liability companies
- Qualified personal service corporations
- Family businesses
- Home-based businesses
- Fringe benefits
- Retirement plans
- Buying a business
- Selling or closing a sole proprietorship
- When you can't pay your taxes
- Audits
- Appealing IRS audits
- Penalties and interest
- Help beyond the book
- Answers to frequently asked tax questions.