Tax Savvy for Small Business

by Frederick W. Daily, Jeffrey A Quinn

The essential small business tax strategy book for the savvy entrepreneur

Named ""Best Tax Book"" by Entrepreneur magazine

Understanding the tax system 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. Develop the best tax plan for your small business, learn the ins and outs of the tax code, and create comprehensive strategies to get back the most from the IRS with this all-in-one guide.

Tax Savvy for Small Business provides essential information that will free up your time and money for what counts -- running your business effectively. Completely updated for 2013 returns, it explains how

- choose the best business entity
- deduct current and capitalized expenses
- write off long-term assets
- keep 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 funds
- take advantage of fringe benefits
- use retirement funds as a tax break

This edition of Tax Savvy for Small Business is completely updated and provides the latest tax breaks, rules, forms, and publications, including substantive changes and the latest tax numbers for 2013 returns.



 

Genres: Business, Finance, Nonfiction, Money, Taxation

377 pages, Paperback

First published January 1, 1995

Reviews

[Paul LaFontaine]

A small business owner that does not understand the tax code is giving away a major advantage of being in business in the first place. Being smart on tax deductions and structure allows a business owner to legally, and assertively, put money back in her own pockets.

This is a great book. The author breaks down the topics in bite sized chunks and provides funny, memorable examples. This book will stay downloaded for me and be a constant go to as I continue to learn how to use my growing tax knowledge to structure for success.

Highly recommend.

[Shhhh... Books]

I read this to help out with our taxes and my husband's small business. It was helpful - not a how-to, in most cases, but a guide surveying all the major issues so you can figure out what questions to ask and go deeper.

[Penelope]

It answered every question I had and provided excellent additional references to check out.

[Jeb Hunt]

Thorough, well-written, and easy to understand. Highly recommend for anyone looking to gain a basic understanding of business taxes.

[Dustin]

Fantastic well of information. Reading it is only a joy in the fact that every word you read will save your company money... not because it's actually entertaining. I'm guessing that is why you see some 3-star reviews. I recommend this to anyone!

[Justin Lakey]

Seemed useful to me. Real test will start soon when I do my taxes. I didn't read the whole book, just the parts that pertained to a LLC, like 2/3 of it. That was a nice idea to have separate chapters for different types of companies.

[Annie]

CYA: documentation!

[Alix]

Absolutely the most clearly written book on taxes for small business. Even my accountant was impressed with my knowledge:)