J.k. Lasser''s Small Business Taxes 2023 - Your Complete Guide to a Better Bottom Line

Comprehensive guide to small business tax write-offs and strategies from a leading name in taxSmall business owners in the US face enough challenges without overpaying tax. Despite this, millions of small businesses miss out on crucial deductions, tax credits, and tax-saving moves every year, resulting in higher-than-necessary tax bills. In J.K. Lasser's Small Business Taxes 2023: Your Complete Guide to a Better Bottom Line, renowned attorney and small business advocate Barbara Weltman offers a thorough and exhaustively researched roadmap to legally minimizing your tax liability and maximizing your deductions and credits.In the book, you'll find tax facts and planning strategies that help you make business decisions in the most tax-efficient way possible. You'll also discover:* A complete list of the business expense deductions and tax credits available to you and what you need to do to qualify for them* Up-to-date info on current tax law and procedure, including information on the latest relevant legislation* Guidance on avoiding tax penalties and minimizing audit risk* A heads-up on coming changes to help you plan for next year's taxes* Sample forms and checklists to help you get organized and help you stay tax compliant* A free e-supplement that includes the latest developments from the IRS and CongressA concise and plain-English guide for every small business owner in America, Small Business Taxes 2023 is the detailed and accessible tax overview you've been waiting for.

Sommario

Preface vIntroduction ixPart 1 Organization 11. Business Organization 32. Tax Year and Accounting Methods 363. Recordkeeping for Business Income and Deductions 51Part 2 Business Income and Losses 614. Income or Loss from Business Operations 635. Capital Gains and Losses 956. Gains and Losses from Sales of Business Property 113Part 3 Business Deductions and Credits 1257. Employee Compensation: Salary, Wages, and Employee Benefits 1278. Travel, Meals, and Gift Expenses 1609. Car and Truck Expenses 18210. Repairs, Maintenance, and Energy Improvements 20511. Bad Debts 22112. Rents 23213. Taxes and Interest 24214. First-Year Expensing, Depreciation, Amortization, and Depletion 25715. Advertising Expenses 29016. Retirement Plans 29617. Casualty and Theft Losses 33418. Home Office Deductions 34819. Medical Coverage 36620. Deductions and Tax Credits for Farmers 38521. Qualified Business Income Deduction 39622. Miscellaneous Business Deductions 41023. Roundup of Tax Credits 444Part 4 Tax Planning for Your Small Business 45724. Income and Deduction Strategies 45925. Distributions from Your Business 47326. Tax Strategies for Opening or Closing a Business 47727. Tax Strategies for a Sideline Business 49028. Tax Strategies for Multiple Businesses 49429. Alternative Minimum Tax 49930. Other Taxes 50431. Filing Tax Returns, Paying Taxes, and Making Refund Claims 52232. Retirement and Succession Planning 53533. Working with CPAs and Other Tax Professionals 54334. Handling Audits with the IRS 547Appendix A. Information Returns 553Appendix B. Tax Penalties 561Appendix C. Checklist of Tax-Related Corporate Resolutions 567Appendix D. List of Dollar Limits and Amounts Adjusted for Inflation 569Index 573

Info autore

BARBARA WELTMAN is an attorney and a nationally recognized expert in taxation for small businesses, as well as the author of many top-selling books on taxes and finance, including J.K. Lasser's 1001 Deductions & Tax Breaks. She is also the publisher of Idea of the Day(r) and Big Ideas for Small Business(r), a contributor to SBA.gov, and quoted regularly in major publications (including the New York Times, the Wall Street Journal, and Consumer Reports). Visit her at www.BigIdeasForSmallBusiness.com.

Riassunto

Comprehensive guide to small business tax write-offs and strategies from a leading name in tax

Small business owners in the US face enough challenges without overpaying tax. Despite this, millions of small businesses miss out on crucial deductions, tax credits, and tax-saving moves every year, resulting in higher-than-necessary tax bills. In J.K. Lasser's Small Business Taxes 2023: Your Complete Guide to a Better Bottom Line, renowned attorney and small business advocate Barbara Weltman offers a thorough and exhaustively researched roadmap to legally minimizing your tax liability and maximizing your deductions and credits.

In the book, you'll find tax facts and planning strategies that help you make business decisions in the most tax-efficient way possible. You'll also discover:
* A complete list of the business expense deductions and tax credits available to you and what you need to do to qualify for them
* Up-to-date info on current tax law and procedure, including information on the latest relevant legislation
* Guidance on avoiding tax penalties and minimizing audit risk
* A heads-up on coming changes to help you plan for next year's taxes
* Sample forms and checklists to help you get organized and help you stay tax compliant
* A free e-supplement that includes the latest developments from the IRS and Congress

A concise and plain-English guide for every small business owner in America, Small Business Taxes 2023 is the detailed and accessible tax overview you've been waiting for.

Dettagli sul prodotto

• Autori: Weltman, B Weltman, Barbara Weltman, Barbara (Idg Books Worldwide Weltman, Weltman Barbara
• Editore: Wiley, John and Sons Ltd
• Lingue: Inglese
• Formato: Tascabile
• Pubblicazione: 31.01.2023
• EAN: 9781119931218
• ISBN: 978-1-119-93121-8
• Pagine: 608
• Serie: J.K. Lasser
• Categorie: Guide e manuali > Diritto, professione, finanze > Imposte; Scienze sociali, diritto, economia > Economia > Economia aziendale; Klein- und Mittelbetrieb, Small businesses and self-employment, Finance & Investments, Finanz- u. Anlagewesen, Private Finanzen / Verbrauchsteuern, Personal Finance / Consumer Tax