The Pocket Small Business Owner's Guide to Taxes

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Skyhorse Publishing, Inc., Dec 13, 2013 - Business & Economics - 240 pages
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When does nontaxable business income become taxable? How do you calculate the cost of goods sold? What can be deducted? What is a fixed asset? This no-nonsense guide answers these common questions and more, empowering small business owners to understand how and why they are taxed and maximize their deductions. You’ll learn when depreciation begins, how to classify payments to employees, how to track inventory and sales, and strategies for successful accounting.

Coverage also includes:

Tax benefits for employers Business classifications S corporation tax issues Deductible expenses Retirement plans Shareholder loans Family employee payroll And more   Taxes can be intimidating and confusing, especially for a small business owner who may have only handled individual taxes in the past. Understanding the tax system is essential for all small business owners, whether they are filing on their own or with the help of an accountant. When it comes to running your finances, knowledge is power, and The Pocket Small Business Owner's Guide to Taxes puts the power in your hands!
 

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Contents

Introduction
Tracking the Flow
What When
Office in Home Deduction
Tax Benefits forEmployers
Family Employee Payroll
Copyright

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About the author (2013)

Brian Germerhas over ten years of experience in public accounting and has worked closelywith small businesses in providing tax and financial statement services, aswell as QuickBooks consulting, accounting system design, audit representation, and tax planning. Brian also writes articles for PDXCPA, a Portland small business tax blog. Brian is a CPA licensedin the State of Oregon.

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