Tax Smarts for Small Business - Softcover

James O. Parker

Softcover

ISBN 10: 1572483660 ISBN 13: 9781572483668

Publisher: Sourcebooks, 2004

Synopsis

Helping the reader understand how to run a profitable and honest business while minimizing taxes is the goal of Tax Smarts for Small Business. Following its tax-saving strategies can give the small business owner year-round tax-saving opportunities, as well as having all your tax-time questions answered.

Accessible by anyone, it provides the reader with the latest IRS rules and answers everyday tax-related questions. It explores the IRS’s definition of income and how to lower yours through expense deductions, tax credits and depreciation. It also answers the frequently asked questions surrounding withholding and paying taxes-a trouble area for many small businesses. Its extensive glossary of financial and tax terms makes it an easy-to-understand and essential reference for every small business owner’s bookshelf.

About this title

From the Back Cover:

Straightforward Advice From An Expert

Is money tight this quarter? Have you skipped an estimated payment? Are you behind in your FICA deposits? If so, you need to know what you MUST do to set things right with the IRS.

Tax Smarts for Small Business can relieve some of the stress associated with the dreaded tax word, and answer all your questions. Its easy-to-understand format and pointed examples break down the mystery of the Internal Revenue Tax Code and give you an accessible guide for understanding the many tax rules facing small businesses.

All of the common and not-so-common tax laws and loopholes are explored, including:
--deducting employees’ expenses
--qualifying a home office
--converting property
--keeping records
--deferring capital gains
--paying taxes
--filing returns
--establishing retirement plans
--avoiding double taxation
--selecting the best entity for tax savings

Find what you need to know to make the best decisions for your business and personal tax savings. Learn to prevent problems and make the right choices. Achieve the success you deserve.

Tax Smarts For Small Business Is Your All-In-One Handbook For Understanding Tax Laws And Making Them Work For You.

About the Author:

James O. Parker has repeatedly encountered clients who were somewhat bewildered by our country’s tax laws, having been a practicing attorney for almost twenty-five years. Calling upon his twenty-seven years as a educator at Christian Brothers University in Memphis Tennessee, and being a small business owner himself for over forty years, Parker takes the mystery out of the tax code.

A former U.S. Marine and community advocate, Parker possesses both a Masters of Arts in Economics from the

About this edition

• Publisher: Sourcebooks
• Publication date: 2004
• ISBN 10: 1572483660
• ISBN 13: 9781572483668
• Binding: Paperback
• Number of pages: 272