Tax savvy for small business
Edition
22nd edition.
Publication Information
[Berkeley, California] : Nolo, 2023.
Physical Description
370 pages : illustrations ; 28 cm
Summary
"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"--
Notes
Includes index.
"Covers the latest tax law changes"--Cover.
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.