Deduct It!: Lower Your Small Business Taxes

Front Cover
Nolo, Nov 30, 2012 - Business & Economics - 520 pages
2 Reviews

Business tax deductions, from start-up to success -- learn how to Deduct It!

Completely updated for 2012 returns!

Understanding tax deductions is one of the keys to start-up success. Learn how to make more money for your small business by paying the IRS less -- let Deduct It! show you how to quickly maximize the business deductions you're legally entitled to.

Learn how to make year-round business decisions that will pay off come tax time and avoid IRS problems with this comprehensive book. All the information you need is organized into practical categories featuring common deductions for small business owners, including:

- start-up expenses
- operating expenses
- health deductions
- vehicles
- travel
- entertainment
- meals
- inventory
- equipment
- and many more

This edition is completely updated with all the latest tax information, eligibility requirements, and tax rates for 2012 returns, including substantive updates to the law. Whether your business is just starting or well-established, Deduct It! is indispensable to your venture.

  

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Review: Deduct It!: Lower Your Small Business Taxes

User Review  - Eric Bell - Goodreads

This book runs through a lot of tax law related to running a small business and different things that your business can do to reduce its tax burden. Read full review

LibraryThing Review

User Review  - chsbellboy - LibraryThing

This book runs through a lot of tax law related to running a small business and different things that your business can do to reduce its tax burden. Read full review

Contents

Are You Really in Business?
29
StartUp Expenses
49
Business Operating Expenses
65
Deducting LongTerm Assets
77
Inventory
129
Office Expenses
143
Car and Local Travel Expenses
183
Business Travel
225
Medical Expenses
331
Additional Deductions
369
Record Keeping and Accounting
409
Claiming Tax Deductions for Prior Years
451
Staying Out of Trouble With the IRS
461
Help Beyond This Book
475
Index
493
Book Registration and Updates
521

Meal and Entertainment Expenses
257
Hiring Workers
275
Retirement Deductions
313
Online Legal Forms
523
Lawyer Directory
524
Copyright

Common terms and phrases

About the author (2012)

Stephen Fishman is the author of many Nolo books, including Tax Deductions for Professionals, Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide and Home Business Tax Deductions plus many other legal and business books. He received his law degree from the University of Southern California. After time in government and private practice, he became a full-time legal writer.

Bibliographic information