Tax Savvy for Small Business

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NOLO, 2007 - Business & Economics - 364 pages
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The essential tax-strategy book for entrepreneurs who call themselves "boss." Named "Best Tax Book" by Entrepreneur.com. Knowing the ins and outs of the tax code 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. Tax Savvy for Small Business provides valuable strategies that will free up your time and money for what counts -- running your business, and running it 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 and use retirement funds as a tax break. Tax Savvy for Small Business 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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About the author (2007)

Frederick W. Daily is a tax attorney with over 35 years experience helping individuals and small business owners make smart tax decisions and stay out of trouble with the IRS. He has been featured as a tax expert on Good Morning America and NPR, and in publications including Money Magazine, U.S. News & World Report, Newsweek, and the New York Times, He is also the author of Stand Up to the IRS.

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