Description
The complete strategy guide to deducting business taxes, picking a business structure, facing the IRS -- and more!
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It is possible to run a profitable, honest business and minimize taxes while staying out of trouble with the IRS. Tax Savvy for Small Business shows you how. Tax Savvy for Small Business provides valuable strategies that will free up your time and money for what counts --running your business effectively. It explains how to: • deduct current and capitalized expenses • write off up to $108,000 of long-term assets each year • compare different business structures • take advantage of fringe benefits • 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 Completely updated, the 11th edition of provides the latest tax breaks, rules, forms and publications. You'll also find a list of the top 25 business deductions – the best deductions to take and how to claim them.
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