Product Description

Find all of the following, explained in plain-English with no legal jargon:

Business Taxation 101: A brief primer on tax topics in general, especially as they apply to businesses.

Home Office Deduction: How to ensure you qualify for it and how to calculate it.

Estimated Tax payments: When and how to pay them, as well as an easy way to calculate each payment.

Self-Employment Tax: What it is, why it exists, and how to calculate it.

Legal Structures: An explanation of the pros and cons of each structure (sole proprietorship, corporation, LLC, etc), and how to know when it's time to consider changing.

Business Retirement Plans: What the different types are, and which one is best for you.

Numerous Business Deductions: Several deductions explained in detail, including how to make sure you can qualify to take them and how to maximize them.

Audit Protection: Learn what records you need to keep (and how long to keep them) in order to protect yourself in case of an audit.

Product Details

• Amazon Sales Rank: #115933 in Books
• Published on: 2007-09-15
• Number of items: 1
• Binding: Paperback
• 100 pages

Sandra Pearson of TeamDoubleClick.com
An excellent resource...Mike gives you a solid foundation of understanding and practical tips for managing taxes.

Customer Reviews

Good if you are very green
This book does introduce many of the topics that you need to know if you have just started a small business, however there is very little depth. In the year and a half that I have been operating as an independent contractor / sole proprietor, I have already learned everything in this book on my own. It certainly would have helped when I first started, but now that I have made it through my own taxes twice, this book had very little to offer.

Simple and readable, but a bit too shallow
This self-published book is literally 100 pages from cover to cover; as such (the author's favorite phrase which he uses ad nauseam), the real stuff only goes from about page 12 to page 90. Plus there's a ton of white space on each page.

Why do I mention this? Because even though the book makes some tax topics easy to understand -- for instance, I liked its short chapter on retirement plans -- it's a rather poor value for over twelve bucks. The author could have said so many more things, without complicating anything. For instance, the said chapter on retirement plans sorely lacks information -- important information -- on when each plan must be filed with the IRS. Also, the few chapters on business deductions (a topic most readers bought the book for) are very light and very shallow.

If you're absolutely clueless about sole-proprietorship tax planning and don't want to hire an accountant, this book can serve as a start, a primer of sort, but you'll need another more in-depth book like those put out by JK Lasser or Nolo. If you already know something about business taxes, this book will be too elementary for you.

Keeping it Simple
Quick and easy read. No fluff just straight to the point and gives you more helpful information that you might imagine. If you are looking to get the bottom line information you need to start your business right then this book is a must have. Don't lose your business to a mistake you could have avoided by owning this book.