Book Description
Be your own boss -- easily, efficiently and successfully -- with this bestseller!
Whether you're an independent contractor, freelancer, or consultant, it all adds up to the same thing: You need to be more aware of laws and taxes than the average person.
Fortunately, Working for Yourself provides all the information you need to stay on top of it all. An independent contractor himself, Stephen Fishman shows you everything you need to know to:
*meet business start-up requirements *pick a business structure *set up home or outside offices *obtain permits and licenses *price your services or products *comply with strict IRS rules *establish sound business relationships *avoid unfair contracts *draft good agreements *keep good records *get paid in full and on time *and much, much more
The 6th edition is completely revised to provide the up-to-date information you need, including the most current tax rates and changes in the law.
Whether you already work for yourself or are thinking about making the move, Working for Yourself will help make sure you do it right.
Download Description
"Be your own boss -- easily, efficiently and successfully -- with this bestseller! Whether you're an independent contractor, freelancer, or consultant, it all adds up to the same thing: You need to be more aware of laws and taxes than the average person. Fortunately, Working for Yourself provides all the information you need to stay on top of it all. An independent contractor himself, Stephen Fishman shows you everything you need to know to: -meet business start-up requirements -pick a business structure -set up home or outside offices -obtain permits and licenses -price your services or products -comply with strict IRS rules -establish sound business relationships -avoid unfair contracts -draft good agreements -keep good records -get paid in full and on time -and much, much more The 6th edition is completely revised to provide the up-to-date information you need, including the most current tax rates and changes in the law. Whether you already work for yourself or are thinking about making the move, Working for Yourself will help make sure you do it right. List of Forms Asset Log Expense Journal Income Journal Invoice General Independent Contractor Agreement Contract Amendment Nondisclosure Agreement "
Customer Reviews:
Very Helpful Book.......2007-01-16
I purchased the book since my employer explained that I will become an independent contractor for 2007. The book explained everything about being a contractor and how to stay in line with paying the taxes, how to protect my self employed status, what deductions I can take, and what forms and agreements I should use. I found it very informative and would recommend it to anyone who wants to understand the world of self employment.
All the legal tips, tricks and traps explained.......2006-04-20
Plenty of books impart the basics of how to work independently - but too few include all the legal tips, tricks and traps involved. WORKING FOR YOURSELF: LAW & TAXES FOR INDEPENDENT CONTRACTORS, FREELANCERS & CONSULTANTS covers everything from setting appropriate fees and understanding how and when taxes are paid to limiting liability and getting paid. Record-keeping processes are simplified with sample logs and entry advice, chapters on how the IRS defines an independent contractor versus a paid employee are essential keys to keeping independent status, and advice on pricing and insurance offer key strategy-oriented tips and approaches. A 'must' for any who would work independently.
Great straghtforward information and advice.......2005-09-17
I recently a started an S corp for my software contracting. The book is helpful and worth the price. It won't answer EVERY question you will have, but you probably should talk to a CPA for those anyway.
Another Nolo Press Winner.......2005-07-28
My husband is an independent photographer, so the Nolo Press books are great for him, geared as they are to all those wishing to handle all the paperwork for themselves, instead of the usual array of lawyers, accountants, etc. He keeps it as a reference book and can easily turn to whatever subject he needs more information on. Well-written and easy to understand, as are all Nolo books, these books are wonderful to review periodically.
Straighforward intro to the legal aspects of freelancing.......2004-05-04
A potential employer asked that I incorporate my freelancing business before they start sending me jobs. I wanted to do some research on the pros/cons of incorporating, what kind of start-ups costs this would entail, and what kind of corporation I should be. At first, the whole process of incorporating sounded like a huge money burden on my part--with filing fees and taxes--but this book has helped me sort out the issues and provided detailed information about the different ways to incorporate--sole proprietorship, LLC, S-corps. Although I haven't yet decided which path I will take, this book has made the jump to freelancing, and self-incorporating, less scary.
Not only do I understand my choices better, but I also now understand the different structures for businesses and their tax responsibilities. Great distillation of information! The copies of tax forms in the back are also a great reference. Highly recommended.
Book Description
J.K. Lasser’s Small Business Taxes 2007 gives you a complete overview of small business tax planning in an accessible manner. Focusing on strategies that help you use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes, this valuable guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow.
Customer Reviews:
Bottom Line for Small Business.......2007-07-02
Barbara Weltman's "Small Business Taxes 2007," is the best guide for charting your way through the record keeping, profit and loss statements, tax credits, deductions, depreciation & amortization, and cost of goods sold around for the person who files a Schedule C form with their 1040 IRS tax form.
The examples are clear, even though some have more 0's than a real small business person can imagine. She doesn't offer any gimmicks, make any promises or come-ons. Her work is straight forward, this is the Code, if it applies to your business you may use it. Readers appreciate the lack of hype which millions of Americans have learned to mistrust.
With any small business not everything applies to each individual -- this book is excellent for locating answers to the tough questions.
We did have some fun with the subtitle (JK Lasser's New Rules for Small Business Taxes) that taken at face value would read Lasser is making the rules not the IRS. But then with taxes a little humor is appreciated.
We used this volume extensively for our book and found the index very helpful in locating the material we needed and desired, when there really isn't much out there for so small a segment of the tax paying population.
Nash Black, author of "Taxes, Stumbling Blocks & Pitfalls for Authors 2007."
small business taxes 2007.......2007-05-24
book arrived quickly and in excellent condition. Good reference book.
Product Description
This acclaimed guide examines every aspect of initiating a horse business venture, and is widely used in equine departments at major universities across the nation. In this extensively revised and expanded edition, Janet E. English, CPA, presents advice on how to structure a business plan, attract investors, manage records and funds, and handle accounts. Agreement forms and contracts are conveniently included in ready-to-use formats, and will lay the groundwork for solid business affairs for students and business people alike. The Complete Guide for Horse Business Success, regarded as an indispensable resource, provides engaging learning tools that allow students to upgrade and enhance their own education of profitable organizations.
Customer Reviews:
complete guide for horse business success by Janet English.......2000-04-16
This guide provides most of the nesscesary tools and tips to start your own horse business. Providing information that allows one to confidently pursue this venture. This book gave me the confidence to proceed with my business knowing all the facts up front. It allowed me to handle purchases and tax formalities without feeling like I didn't know what I was doing. Great starter book! I have read "starting you own horse business" by Mary Ashby Mcdonald. While her book is informative and gives examples not covered in the previous book, it serves basically to complement other books on this issue.
Book Description
This guide deals with Internal Revenue Code section 183, Farm Hobby Losses. It's the same manual used by IRS agents when they investigate horse operations. It helps horse-farm owners know what they need to do to comply with IRS tax rules concerning their type of business.
Customer Reviews:
Very Helpful.......2007-03-19
This book became a very helpful resource to not only me but my accountant. He did not
understand the horse business and this helped answer some of his questions about my
business. It saved both of us time and money.
[...]
Kirstin
Very handy. Buy your accountant a copy!.......2006-03-16
This has been helpful for my husband and me in planning our business, and we purchased a copy for our accountant, since very few really understand the nuances of the horse business.
Official Guide for tax cheats.......2005-12-30
This book is a love it or hate it guide to auditing horse activities. That's why I had to go middle of the road on the review. I believe it is mistakently marketed to legitimate horse stables, breeding farms, training barns and businesses who want to assure themselves that they won't fail an audit. However, if you ARE indeed a legitimate business, this guide probably won't tell you anything you don't already know. This guide's merit is mostly for backyard or recreational horse owners who are attempting to pass their hobbies off as a "business," or those who list their personal horses as a business expense to attempt some extra tax savings. That being said, you know what category you fall into. If your primary business is horses, whether it be breeding, teaching, training, transporting, etc., don't waste your time or money on this one. If however, you are a retiree who would like to try to pass off your 3 backyard nags that you occasionally breed as a "business" read away. And let me know what jail is like in a couple of years =-)
UGH! HARDLY WORTH THE TIME.......2005-09-23
Hardly worth the time and not at all worth the money.
Book Description
A how-to book of practical know-how for the some 25 million Americans who are self-employed -- about business deductions, easy recordkeeping, estimated taxes, pension plans -- everything an independent professional needs to know about the tax consequences of his or her business.
Customer Reviews:
Small Business Answers.......2007-09-05
"Self-Employed Tax Solutions" is an excellent self help start to treating your cottage industry as a business and working your way through the intricacies of filing federal taxes as a small business. Ms. Walker's explanations are clear and well illustrated.
We had no trouble understanding each point and applying the rules to our own small business situation. The only problem we found was her citing a court ruling, putting it in quotes, and not providing a bibliographic source.
Both the glossary and the index are adequate for the novice readers. The style was breezy and light, which made the reading easy.
A good place to start for an entry level "indie" who needs basic tax information. She has several "wish I'd thought of that" ideas for keeping records and saving time.
Nash Black, author of "Taxes, Stumbling Blocks and Pitfalls for Authors."
Self-employed Tax Solutions.......2007-06-13
Easy to understand. I am new to it all and learned quickly thanks to Junes pesentation of the material. Also will be a great reference manual come actual tax time!
Learn about taxes. Without pain........2007-03-30
I highly recommend this book! I am about to graduate design school and am starting up a sole proprietorship. I realized I know absolutely nothing about what I'm getting into tax-wise, so I picket this up on Amazon. An excellent buy! This book is incredibly easy to read and understandable, despite the fact that you would expect the subject matter to be painfully dry. It's not. The world of taxes isn't half as painful and boring as I expected it to be, thanks to this book.
Excellent Book.......2006-12-30
This is a very well written book that provides a lot of insights to self-employed people. Provides very good ideas on deductions and methods to legally cut the self-employed person's overall tax burden.
A Few Issues but Holding a Few Gems Too.......2006-12-24
I pretty much never comment about the font a book is done in, but let me start out my review by saying that this book had the oddest font choice I've seen. The letters were very thin, squarish, and actually hard to read against the white. It made me realize just how important something like font can be in a book.
So, on to the content. This book is written by a self-employed person, for self-employed people, to help them manage their records for taxes. She doesn't want you to DO your taxes - she wants you to hire someone, like her, to do them for you :). She just wants you to be informed about what is going on, and to perhaps help prod your tax person along if they're not very good.
In case you were thinking this book was a mere "nice to have", she says in her introduction that "Such complications [of not handling this properly] could prove fatal to your enterprise." I love it how books say "you must buy me or you will DIE A HORRIBLE DEATH!!!" A page later, she promises "If you use this method, you will never miss a tax deduction" which I sort of doubt :) So this book has already hit a few of my buttons in book reading - threatening certain doom if I don't get the book, promising the moon, and being hard to read :)
Much of the first part of the book focusses on whether you should go into business for yourself, what it means to be self employed, and whether you should be a DBA, Sole Proprietor, LLC, etc. Hopefully anybody looking for tax solutions has already gone through those stages and isn't looking for all their information on these important decisions in a few pages of a tax book.
But on to the meat. When you get into the realm of *taxes*, the book really does well. It explains the difference between personal gifts (tax deductible up to $25 per person per year), entertainment expenses, free giveaway items (pens etc), charity donations, and more, in very clear language.
The book goes into travel deductions, home office deductions, leasing and buying equipment. It gives a ton of examples. Some people might find them annoying - I admit that many of them are quite silly. Still, it's easy enough to skip over them if you're not into cutesy examples, but if they help you absorb a concept, they are there for you to read.
Like with any business book, there are a lot of very common sense things in here - but a few very key tips. The interesting thing is of course that depending on who reads it, they might find different things to be fascinating vs well known. Something that one person says "of course" to, someone else might say "That'll save me thousands!" So it's good that all bases are covered in here.
Well recommended as a book to at least get out from your local library, or to get and share around your network of business-owning friends. It's not a book that I need to sit on my library shelf, but it was worthwhile to read and glean a few important tidbits from. I'll now pass it along to other business owners to let them pick out their own gems.
Amazon.com
No matter what time of year it is, small-business owners and operators must keep atop their tax situation. For more than two decades, author and attorney Frederick Daily has taught entrepreneurs the ins and outs of the tax code and offered suggestions to help them remain in the black and out of hot water with the IRS. The revised third edition of his Tax Savvy for Small Business contains dozens of these tips along with real-life examples that show how they are used in comparable situations. --Howard Rothman
Book Description
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.
Fortunately, 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.
Tax Savvy for Small Business explains how to:
*deduct current and capitalized expenses
*write off long-term assets
*write off up to $24,000 of long-term assets each year
*compare the advantages of different legal structures
*take advantage of fringe benefits
*keep records that will head off trouble with the IRS
*get tax breaks from business losses
*pay payroll taxes on time
*deduct home-office expenses
*negotiate payment plans for late taxes
*handle an audit
*get IRS penalties and interest reduced
*maximize retirement funds
*use retirement funds as a tax break
Completely updated, the 6th edition covers the Job Creation and Worker Assistance Act of 2002, which includes depreciation and net operating loss rules that will help your bottom line. The book also provides the latest tax numbers, rules, forms and publications.
Tax Savvy for Small Business is an essential book for entrepreneurs, independent contractors, small-business owners and anyone else making money on their own -- get it today!
Customer Reviews:
This Book Saved Me .......2004-09-10
I bought this book as soon as I was notified of an upcoming IRS audit. The sections on reconstructing logs and receipts really saved me. The auditor accepted everything that I reconstructed. I also knew exactly what to expect at the audit. I am now keeping my records in a way that leaves me unafraid of the IRS anymore. This book, along with Mr. Daily's "Stand Up To the IRS" is the best investment I have ever made in my small business.
A Great Buy.......2004-06-19
I am fan of the nolo.com website and I am a bigger fan of the Nolo Books. We started our software company as and LLC and turned it into a corporation a couple of years ago. I didn't buy this book before that point, but wish I did. Either way it is great that I have the book now. The book is well organized and I read through it cover to cover originaly. Tax Savvy now sits on my desk and I can use it as a quick reference. I am the kind of person that likes to know the "what, how and why" before I talk to our accountants or our lawyers, and this book enables me to do that. Bottom line... a must have
Amazing!.......2004-05-18
Thank you, Thank you, Thank you!!! This book has saved my business thousands of dollars! Amazingly it is both comprehensive and accessible. Daily is hugely knowlegable and a great writer. He lays out strategy after strategy to minimize wasted time and maximize profit. I thought I knew what I was doing before but this book has opened up whole new worlds of opportunity for me. I better learned what I can and can't deduct, how to take advantage of fringe benefits, how to reduce IRS penalties and much more. Tax Savvy for Small Business is literally worth its weight in gold.
Excellent overview - concise and to the point........2003-08-11
This guide is different from the many tax guides out there from big names like Ernst & Young, etc. because it is more focussed on small businesses and you get the most relevant information in the most concise fashion. There in lies the limitation of this great book. You may have to refer to the other tax guides if your particular situation is too unique.
But the conciseness and focussed approach was extremely helpful in clarifying a lot of points for me. I had tried reading several of the bigger guides (with three times as many pages as this book) and gotten confused because it was too much information. So when I saw the Nolo guide, I was pleasantly surprised that every topic in the book was relevant to me as a small business owner! It was perfect for my needs. I now started understanding the very same topics I had so much difficulty following in the other books. For example - I was trying to research the differences between S Corporations and LLCs. When I opened this Nolo guide, I went straight to the chapter on LLCs and read the section - Comparing LLCs with Other Entities. In one sentence I knew the difference between these two entities! According to the book, the basic difference being that you can allocate income and expenses disproportionately (to share ownership) in an LLC but not in a S Corporation! Wow! I liked the speed with which I could find this critical piece of information I was researching.
The book is divided into 6 parts - The Basics (Business Income and Tax Deductible Expenses, Recordkeeping and Accounting, etc.), The Form of Your Business (Sole Proprietorships, Partnerships, S Corporations, etc.), Thinking Small (Family Businesses, Microbusinesses and Home-Based Businesses), Fringe Benefits (Retirement Plans etc.), Buying or Selling a Business, and Dealing with the IRS. There isn't a single page that is irrelevant.
If you have very advanced questions, you are better off looking through a bigger book but you would benefit tremendously by reading this book first. It will give you a firm grounding in the basics across the board. Good luck!
Good ways to save tax dollars.......2002-09-03
This book not only explains deductions but offers good ideas for saving tax dollars. Highly recommended for folks that have some accounting or tax knowledge. Excellent reference if you're thinking of starting a business, or you already have.
Average customer rating:
- Excellent resource for small business owners
- Great book
- Great book to add to your library
- The monetary basics every business owner has to know
- One of my 'Top Ten Books' for entrepreneurial women.
|
Minding Her Own Business: The Self-Employed Woman's Essential Guide to Taxes and Financial Records
Jan Zobel
Manufacturer: Sphinx Publishing
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Binding: Paperback
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| Business & Investing
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| Taxes
| Accounting
| Industries & Professions
| Business & Investing
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Financial
| Accounting
| Industries & Professions
| Business & Investing
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ASIN: 1572484551 |
Book Description
This easy-to-read and understand book is invaluable for women (and men) who are already in business or just starting to be self-employed, and who are trying to learn exactly what tax responsibilities they have.
Not just a tax-season book, but a year round guide, Minding Her Own Business provides complete tax and recordkeeping information for self-employed people and independent contractors. Readers will learn about the different business entities (sole-proprietor, LLC, corporation, partnership), what the tax differences are between being an employee and a self-employed person, which business expenses are deductible and what proof the IRS expects to see, how to reduce your chances of being audited, whether you need to make quarterly estimated tax payments (and how to calculate the amount to send), how to deduct a home office (or should you?), whether you can deduct your business vehicle (and what records you need), how to choose a tax preparer or a bookkeeper, what taxes self-employed people pay, which tax forms are filed by sole proprietors, whether it's a good idea to prepare your own return using a tax preparation program, how to set up a simple record keeping system, and much much more.
This recently published 4th edition of Minding Her Own Business contains the general information you'll need to prepare your own 2004 tax return (or to get ready your materials for your preparer) and also for doing your 2005 tax planning.
Unlike some tax books, Minding Her Own Business is not an academic book. It is not written in legal language. It was written by a tax preparer (enrolled agent) who has been preparing tax returns for self employed people for more than 25 years. She has prepared over 8,000 tax returns and currently has 400 tax clients with whom she uses this information every day! The author has also been teaching small business tax seminars throughout the country for more than 20 years so she has a very good idea of what questions self-employed people have about taxes. You'll find those questions (and the answers) inside Minding Her Own Business.
Terry Savage in the Chicago Sun-Times wrote about Minding Her Own Business, 'If you have your own business or are thinking about starting one, you need this book.'
Paul Tulenko in The Atlanta Business Chronicle wrote: 'Clearly written and superbly easy to use. One of the best I've seen on the essentials of keeping books and paying taxes.'
Anna Marks, publisher of Bay Area BusinessWoman wrote "Women business owners should not be without this book. It's like having a tax professional by your side at all times."
Small business columnist Jane Applegate wrote, "Minding Her Own Business is a great addition to anyone's business library. Zobel has the ability to explain financial issues in a clear and understandable manner."
Customer Reviews:
Excellent resource for small business owners.......2007-07-13
This book is the best I have read when it comes to breaking down financial information needed to run your own business. I used this book in every step of my business setup.
Great book.......2007-03-15
Highly recommended. Everything is described very simple and clear. And oh, boy, when it comes to taxes, there is a reason we hire someone to prepare the documents. Now I know so much, I am going to do it myself this year.
Great book to add to your library.......2005-09-30
I found this book easy to read and understand. Each of the topics were described in just enough detail - enough to give you the essentials needed to keep your books, yet not so much that you got lost in irrelevant details. I read it in one day. Sure to be referenced for years to come.
The monetary basics every business owner has to know.......2005-04-06
Now in an updated fourth edition, Minding Her Own Business is a guide to taxes and financial records written especially for self-employed women, but highly recommended for entrepreneurs everywhere regardless of gender. Written in plain and simple terms, Minding Her Own Business covers licenses and permits, bank accounts and credit cards, records the IRS expects one to have, ledger books and recordkeeping systems, 1099 Forms, identifying deductible expenses, filling tax forms and much more. A thorough overview of the monetary basics every business owner has to know.
One of my 'Top Ten Books' for entrepreneurial women........2005-03-15
One of my 'Top Ten Books' I list in the resources of all my books for self-employed and entrepreneurial women " Priscilla Y. Huff, 101 Best Home-Based Businesses for Women, 3rd. ed.
Book Description
Anyone running a wholesale or retail business must deal with legal and tax issues, and those who sell on eBay are no exception. Yet many eBay sellers remain ignorant of the consequences they may face if they disregard certain basic rules. Packed with stories of actual eBay sellers, this helpful guide takes readers through the most common eBay transactions, pointing out all the legal and tax issues they may encounter along the way. Readers will get practical advice on:
* whether their eBay selling qualifies as a "business"
* illegal practices to avoid
* what taxes must be paid and what they can and can't deduct
* spelling out a refund and return policy
* knowing when a bid becomes legally binding
* resolving seller-buyer disputes
* protecting themselves when buying inventory and hiring employees
* trademarking a business name and web address
* customs, duties, and other considerations when selling internationally.
Complete with sample contracts, forms, checklists, and disclaimers, this is a book no eBay seller should be without.
Customer Reviews:
A 'must' for eBay sellers .......2007-08-04
If eBay is your major sales outlet and you have little business experience beyond it, you need The eBay Seller's Tax and Legal Answer Book, which packs in everything from what taxes need to be paid and what to deduct to protecting yourself when buying inventory and resolving seller-buyer disputes. Chapters address common problems with an eye to their legal and tax ramifications, come with sample forms, checklists and contracts, and provide clear instructions on communication processes with all entities, making this a 'must' for eBay sellers and for any general-interest public library catering to eBay sellers.
Customer Reviews:
I Would Have Faired Better Using the Knowledge I Already Had.......2007-01-09
This book has not given me any new information, everything I read was something I already knew.
It may be helpful to someone who doesn't have the time to go on the internet and gather free information.
difference between "owning a job" and "owning a business".......2006-01-17
This book is the single most important book I've read concerning creation and operation of a business. When Robert pointed out the difference between "owning a job" and "owning a business" I realized I only owned a job. I now own a business. I've made this work required reading for everyone involved in the management of my company, including the CPA. I've ordered dozens of copies over the last 3 years and give them away to people who I care to see succeed.
The single most important business book I have read.......2004-06-13
Robert E. Fleury's The Small Business Survival Guide presents a system for organizing your paperwork and staying on top of the financial condition of your company. The system is at once simple, convenient, and perpetually audit-ready. Best of all, it allows you to accurately understand your cash flow so that you're able to make sound business decisions.
Think you can delegate all this to your accountant? Not so. Standard reports don't forecast actual cash requirements, so you see only half the picture. Example: paying down debt doesn't show on a Profit and Loss statement; the statement may show a healthy profit, but the profit may have all gone toward paying off a bank note, so you can't assume that the money is available to spend.
Though the system is great, the writing is in places terribly obscure. The book also appears to be victim to a major, half-finished revision. One symptom is that the reader is asked to do a cash analysis for a case study in chapter 10, but cash analysis is not introduced until chapter 13. Revision errors abound, such as several discrepancies between dollar amounts shown in the case study's cancelled checks and those shown in the finished reports and the text explanation. It's extra work for the reader to figure out what the author meant, versus what he said. Ironically, though, arguing with the author can increase the depth of your understanding of the material, so it's not all bad. Nevertheless, let's hope that a future edition will correct these faults.
In spite of the writing, the system is so powerful that I'll only deduct one star. Yes, it's that good.
(I reviewed the third edition.)
Scared me silly. . but probably saved my business.......2000-11-30
. . yikes. The "Cycle of Demise" is a phrase that will ring in my ears every time I make a mistake but this book is the first one I have read on the subject that ended up empowering me to write my business proposal . . after reading the whole thing I am anxious to begin and not afraid of the accounting.
Clear, concise and eye-opening information........1999-05-22
Of the many books that profess to help one start and run a business, this book provides eye-opening and thought provoking content that will give the budding entrepreneur a solid grasp on cash management and the realities of traditional accounting. An absolute 'must-read'!
Book Description
The tax facts and strategies every small business owner should know
Owning a small business is a big responsibility. While many small business owners seek to improve their bottom line, few realize all the ways that both current and new tax laws can help them do so. With J.K. Lasser's Small Business Taxes 2006 you can learn how.
J.K. Lasser's Small Business Taxes 2006 gives you a complete overview of small business tax planning in a straightforward and accessible manner. Focusing on strategies that help you use deductions effectively, shield business income, and maximize other aspects of small business taxes, this practical guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow.
In this fully updated volume, you'll find:
- Detailed coverage of new tax laws and IRS rules
- Planning strategies that can help you run a tax-smart business all year long
- Comprehensive information on each deductible expense, including dollar limits and record-keeping requirements
- Clear instructions on where to report income and claim deductions on your tax forms
- Sample forms and checklists to help you prepare for tax time
- Help with state taxes and a guide to information returns you may need to file
- Planning strategies that can help you run a tax-smart business all year long
Filled with in-depth insight and practical advice, J.K. Lasser's Small Business Taxes 2006 proves you don't have to be a tax expert to make smart tax decisions.
Download Description
The most trusted name in tax helps small business owners maximize their bottom line Most small business owners are not tax experts. The fully updated J.K. Lasser's Small Business Taxes, 2006 Edition provides, in an accessible and friendly manner, the tax facts and strategies that every small business owner needs to maximize deductions and reduce payments to the IRS. Focusing on strategies that help business owners use deductions, shield business income, and maximize other aspects of small business taxes, this invaluable book will show readers how their actions in business today can affect their bottom line from a tax perspective tomorrow. Barbara Weltman (Millwood, NY), an attorney, is a nationally recognized expert in taxation for small businesses. She has written extensively on tax, finance, and estate planning. Weltman is an experienced writer and is quoted regularly in major publications, including the New York Times and Boardroom's Tax Hotline. She is also featured on CNN and CNBC.
Customer Reviews:
Not really updated for 2006.......2007-01-15
I was disappointed to find this was really a 2005 book with a 2006 cover. While I found much of what I needed to know, I had to visit the IRS website for current 2006 limits on depreciation.
Very informative........2006-11-03
JK Lasser's Small Business Taxes 2006 gives the reader a comprehensive overview of what a small business owner needs to know about how to organize expenses into deductions, and what the different rules are for different types of business entities. We were particularly interested in understanding how LLCs were taxed. Since you can tax an LLC as a sole proprietorship, partnership, corporation or S-corporation (based on your particular LLC characteristics), the fact that the book covers how each of these tax scenarios works was very useful in helping us decide which status was more convenient for our business.
Wow - this book has saved me thousands!.......2006-07-01
Great book, nice level of detail. Mix this with QuickBooks and you have most of your small business financials covered.
Very Helpful Book.......2006-03-25
I found the information in this book to be very helpful. She really covers all the bases. great resource and highly recommended
Very concise - but it did not help me.........2006-03-10
This book gave me a good introduction to the issues, but also made it clear that I would not manage without solid advice from a tax consultant - maybe even a tax lawywer - on some of the issues that I had in my business. Maybe there is no simple way to do your taxes today?
Books:
- 10 Secrets to Successful Home Buying and Selling: Using Your Housing Psychology to Make Smarter Decisions
- 10 Secrets to Successful Home Buying and Selling: Using Your Housing Psychology to Make Smarter Decisions
- 21 Things I Wish My Broker Had Told Me: Practical Advice for New Real Estate Professionals.
- Africa in Chaos: A Comparative History
- America Alone: The End of the World as We Know It
- Casa y Comunidad: Latino Home and Neighborhood Design
- China Shakes the World: A Titan's Rise and Troubled Future -- and the Challenge for America
- CLARK SMART REAL ESTATE: THE ULTIMATE GUIDE TO BUYING AND SELLING REAL ESTATE
- Covered Calls and LEAPS--A Wealth Option + DVD: A Guide for Generating Extraordinary Monthly Income (Wiley Trading)
- Crafting and Executing Strategy : The Quest for Competitive Advantage - Concepts and Cases (Strategic Management: Concepts and Cases)
Books Index
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