{"product_id":"9781430248439","title":"Tax Strategies for the Small Business Owner: Reduce Your Taxes and Fatten Your Profits","description":"\u003cp\u003e    \u003cem\u003eTax Strategies for the Small Business Owner: Reduce Your Taxes and Fatten Your Profits \u003c\/em\u003e will help the small business owner increase profits while feeling more comfortable dealing with taxes. It begins by looking at the often overlooked critical decision small business owners face when they start a business: the choice of business entity. The book then examines all the deductions that a business owner can take legally to reduce taxes. It also provides advice business owners need to make good tax-related decisions: Should I lease or buy? Should I hire an employee or outsource the task? How much will buying a building reduce my taxes and for how long?  \u003c\/p\u003e\u003cp\u003e  Many people freeze up when they are forced to prepare or even think about taxes. Some receive a notice from the IRS and put it aside: They’re too scared to open it! Yet taxes for the most part follow common sense rules. You just need to know what they are and how they affect your decisions. In this book, readers will learn about the different business entities, the different taxes you must deal with (primarily income taxes), documentation procedures, how to work with a tax professional, how to handle an audit, and, in general, how to use the U.S. Tax Code to your advantage. Among other things, readers learn to take full advantage of tax benefits and avoid potholes hidden in things like:  \u003c\/p\u003e\u003cul\u003e  \u003cli\u003eStartup and ongoing expenses \u003c\/li\u003e  \u003cli\u003eCost of goods sold \u003c\/li\u003e  \u003cli\u003eDepreciation \u003c\/li\u003e  \u003cli\u003ePayroll  \u003c\/li\u003e  \u003cli\u003eRetirement plans \u003c\/li\u003e  \u003c\/ul\u003e  In short, \u003cem\u003eTax Strategies for the Small Business Owner\u003c\/em\u003e will not only help you relax when you deal with your taxes—it’ll show you how to use tax law to your financial benefit.           What you’ll learn\u003cul\u003e  \u003cli\u003eHow to choose a business entity that’s right for your business. \u003c\/li\u003e  \u003cli\u003eThe requirements for deducting expenses. \u003c\/li\u003e  \u003cli\u003eWhat you can deduct (and what you can’t). \u003c\/li\u003e  \u003cli\u003eHow to fund your retirement with help from the business. \u003c\/li\u003e  \u003cli\u003eUsing depreciation rules to reduce taxable income. \u003c\/li\u003e  \u003cli\u003eHaving benefit plans (medical and retirement) while complying with tax laws. \u003c\/li\u003e  \u003cli\u003eHow to take the tax implications into account when making strategic business decisions. \u003c\/li\u003e  \u003cli\u003eWhat to do when you hear from the IRS. \u003c\/li\u003e  \u003cli\u003eHow to determine whether you need a tax professional to assist you. \u003c\/li\u003e  \u003c\/ul\u003e  Who this book is for      \u003cp\u003e     \u003c\/p\u003e\u003cp\u003e\u003cem\u003eTaxes for the Small Business Owner \u003c\/em\u003eis designed for owners of small to medium-sized businesses and aspiring entrepreneurs—millions of people in the U.S. This practical guide on taxation is designed for those who want to lower their tax bills by maximizing deductions. It will appeal to any owner or manager who wants to pay less tax—legally. \u003c\/p\u003e             Table of Contents\u003col\u003e  \u003cli\u003eThe Business Entity  \u003c\/li\u003e  \u003cli\u003eAn Overview of Taxation \u003c\/li\u003e  \u003cli\u003eBefore Your Business Opens \u003c\/li\u003e  \u003cli\u003eThe Basics of Expenses \u003c\/li\u003e  \u003cli\u003eCost of Goods Sold \u003c\/li\u003e  \u003cli\u003eThe Office \u003c\/li\u003e  \u003cli\u003eThe Car \u003c\/li\u003e  \u003cli\u003eTravel Meals and Entertainment \u003c\/li\u003e  \u003cli\u003eFixed Assets and Depreciation \u003c\/li\u003e  \u003cli\u003eOther Deductions \u003c\/li\u003e  \u003cli\u003eEmployees and Wages \u003c\/li\u003e  \u003cli\u003ePayroll \u003c\/li\u003e  \u003cli\u003eTaxes \u003c\/li\u003e  \u003cli\u003eMedical Expenses \u003c\/li\u003e  \u003cli\u003eRetirement Plans  \u003c\/li\u003e  \u003cli\u003eOther Taxes \u003c\/li\u003e  \u003cli\u003e“Dear Valued Taxpayer”: When You Hear from the IRS \u003c\/li\u003e  \u003cli\u003eOther Topics \u003c\/li\u003e  \u003c\/ol\u003e","brand":"Apress","offers":[{"title":"Default Title","offer_id":47153918771440,"sku":"9781430248439","price":19.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781430248439_p0.jpg?v=1763750335","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781430248439","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}