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Small business taxes taxing you out?For most business owners, their single biggest "expense" (and headache) is dealing with their taxes. And while the just passed Congressional tax bill reduced taxes for many of the estimated 30 million small business owners in the U.S., the nation's taxes continue to be complex. Not being up-to-speed on tax rules and strategies can lead to mistakes that cost business owners thousands of dollars in fines and penalties every year.Small Business Taxes For Dummies assists both current and aspiring small business owners with important tax planning issues, including complete coverage of the tax changes taking effect in 2018, creating an ongoing tax routine, dealing with the IRS, and navigating audits and notices.* Includes issues influencing incorporated small businesses, partnerships, and LLCs* Offers expanded coverage of other business taxes including payroll and sales taxes* Provides websites and other online tax resources* Gives guidance to millennials juggling multiple gigsIf you're a current or aspiring small business owner looking for the most up-to-date tax planning issues, this book keeps you covered.
List of contents
Introduction 1Part 1: Understanding Small Business Taxes 5Chapter 1: Small Business Taxes 101 7Chapter 2: Making Important Business Decisions 23Chapter 3: Retirement Accounts and Investments for Small Businesses 45Chapter 4: Real Estate and Your Small Business 75Chapter 5: Estate Planning 87Part 2: Ongoing Tax Jobs 101Chapter 6: Keeping Track of Your Small Business Revenues and Costs 103Chapter 7: Form 1040 Filing Options 113Chapter 8: Schedules C and C-EZ 135Chapter 9: The Business Use of Your Home 157Chapter 10: Estimated Taxes, Self-Employment Taxes, and Other Common Forms 169Part 3: Getting Help 185Chapter 11: Dealing with Notices and Audits 187Chapter 12: Keeping Up with and Researching Tax Strategies and Rules 217Chapter 13: Paying for Tax Help 225Part 4: The Part of Tens 237Chapter 14: Ten (Almost) Useful Apps and Software Packages for Small Business Tax Issues 239Chapter 15: (Almost) Ten Often Overlooked Tax Reduction Opportunities 243Chapter 16: Ten Resources to Turn to After Reading This Book 251Index 257
About the author
Eric Tyson, MBA, is an internationally acclaimed personal finance expert. He has worked with and instructed people from all types of financial situations and is a master at keeping complex topics simple. An award-winning financial columnist, he has written numerous bestselling guides on personal finance, investing, mutual funds, home buying, real estate investing, and related topics.
Summary
Small business taxes taxing you out?
For most business owners, their single biggest "expense" (and headache) is dealing with their taxes. And while the just passed Congressional tax bill reduced taxes for many of the estimated 30 million small business owners in the U.S., the nation's taxes continue to be complex. Not being up-to-speed on tax rules and strategies can lead to mistakes that cost business owners thousands of dollars in fines and penalties every year.
Small Business Taxes For Dummies assists both current and aspiring small business owners with important tax planning issues, including complete coverage of the tax changes taking effect in 2018, creating an ongoing tax routine, dealing with the IRS, and navigating audits and notices.
* Includes issues influencing incorporated small businesses, partnerships, and LLCs
* Offers expanded coverage of other business taxes including payroll and sales taxes
* Provides websites and other online tax resources
* Gives guidance to millennials juggling multiple gigs
If you're a current or aspiring small business owner looking for the most up-to-date tax planning issues, this book keeps you covered.
