Create a business tax strategy that will save you time, energy and moneyGetting 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 entertainment 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 explains the latest tax breaks and IRS rules and forms.
Includes the top business deductions—the best ones to take and how to claim them.
All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners’ taxes for 2018 and later. A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.
This book teaches business owners what they need to know about taxes for their small business, and how to make the best tax-related decisions. It has information on all aspects of taxes for a small business owner, from how to choose the best business entity to tax deductions, record-keeping, business losses, payroll taxes, fringe benefits, retirement plans, and much more. It provides valuable tax-related strategies and information to help small business owners save money and run their businesses without running into trouble with the IRS.