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Klappentext The largest employer in the U.S. is the small business owner. In fact, there are over 24,000,000 small businesses in the country and the number is growing significantly. Small business owners have a full plate. Indeed, they spend most of their time just keeping the business going. They are experts in their field, not in taxes. But they still have to pay taxes. And with proper planning and understanding, the small business owner can save significant amounts of money. Barbara Weltman's book provides the tax facts, strategies, and latest up-to-date information that a small business owner needs to maximize deductions and reduce payments to the minimum. Zusammenfassung The largest employer in the U.S. is the small business owner. In fact, there are over 24,000,000 small businesses in the country and the number is growing significantly. Small business owners have a full plate. Indeed, they spend most of their time just keeping the business going. They are experts in their field, not in taxes. But they still have to pay taxes. And with proper planning and understanding, the small business owner can save significant amounts of money. Barbara Weltman's book provides the tax facts, strategies, and latest up-to-date information that a small business owner needs to maximize deductions and reduce payments to the minimum. Inhaltsverzeichnis Preface viiIntroduction xiPart 1 Organization 11. Business Organization 32. Tax Year and Accounting Methods 403. Recordkeeping for Business Income and Deductions 58Part 2 Business Income and Losses 714. Income or Loss from Business Operations 735. Capital Gains and Losses 1066. Gains and Losses from Sales of Business Property 127Part 3 Business Deductions and Credits 1417. Employee Compensation: Salary, Wages, and Employee Benefits 1438. Travel and Entertainment Expenses 1809. Car and Truck Expenses 21110. Repairs, Maintenance, and Energy Improvements 24111. Bad Debts 25512. Rents 26813. Taxes and Interest 27914. First-Year Expensing, Depreciation, Amortization, and Depletion 29415. Advertising Expenses 33216. Retirement Plans 34017. Casualty and Theft Losses 38018. Home Office Deductions 39519. Medical Coverage 41520. Deductions and Tax Credits for Farmers 43521. Domestic Production Activities Deduction 44622. Miscellaneous Business Deductions 45323. Roundup of Tax Credits 498Part 4 Tax Planning for Your Small Business 51124. Income and Deduction Strategies 51325. Tax Strategies for Opening or Closing a Business 53026. Tax Strategies for a Sideline Business 54427. Tax Strategies for Multiple Businesses 54928. Alternative Minimum Tax 55529. Other Taxes 56230. Filing Tax Returns and Paying Taxes 58431. Retirement and Succession Planning 598Appendix A. Information Returns 606Appendix B. Checklist of Tax-Related Corporate Resolutions 614Appendix C. List of Dollar Limits and Amounts Adjusted for Inflation 617Index 621 ...
