Product Details
TAX SAVVY FOR SMALL BUSINESS

TAX SAVVY FOR SMALL BUSINESS
By Frederick Daily J.D.

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Product Description

The essential tax-strategy book for entrepreneurs who call themselves "boss."

Named a "Best Tax Book" by Entrepreneur magazine

Develop the best tax plan for your small business, learn the ins and outs of the tax code and create comprehensive strategies to get back the most from the IRS. Understanding the tax system 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.

Tax Savvy for Small Business provides essential information that will free up your time and money for what counts -- running your business effectively. It explains how to:

  • deduct current and capitalized expenses
  • write off up to $108,000 of long-term assets each year
  • compare different business structures
  • take advantage of fringe benefits
  • keep records that will head off trouble with the IRS
  • get tax breaks from business losses
  • deal with payroll taxes
  • 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

    The 12th edition of Tax Savvy for Small Business is completely updated and provides the latest tax breaks, rules, forms and publications. You'll also find a list of the top 25 business deductions - the best deductions to take and how to claim them, trouble-free.

    • Product Details

    • Amazon Sales Rank: #542505 in Books
    • Published on: 2008-12-08
    • Original language: English
    • Number of items: 1
    • Binding: Paperback
    • 384 pages

    Features

    Editorial Reviews

    Review
    "A completely invaluable guide... keep this on your bookshelf for future reference. Five star s (we love it)." -- Inc.

    "Covers new tax breaks, rules, forms and publications relevant to small-business owners." -- Reference & Research Book News

    "This book is one of the best plain-language books on small-business taxes." --The Wall Street Journal

    "This book is one of the best plain-language books on small-business taxes." -- The Wall Street Journal

    "This plain-English guide will show you how to make the most of your tax-deductions." -- BusinessWeek

    "[One of] the hottest books to help you comply with (and maybe get a refund from) Uncle Sam." -- Entrepreneur.com

    Review
    "This plain-English guide will show you how to make the most of your tax deductions."

    Review
    "A completely invaluable guide... keep this on your bookshelf for future reference. Five stars (we love it)."

    Customer Reviews

    Excellent Planning Suggestions in a Clear & Concise Presentation5
    As a tax attorney I find this book, a great resource. My practice is very specialized and when I need an overview of areas outside of my specialty, I find Frederick W. Daily's books to be a great first stop. Taxation of business entities (not my specialty)is arguably the most complex area of the Internal Revenue Code, This book makes these complex principals not only easy to understand, but offers invaluable tax strategies to save big tax $$$$. On more than one occasion I have loaned copies of this book to clients because it does a better job giving an overview of complex concepts in a clear and concise way.

    Marty Burbank, Esq.
    Estate Tax Planning & Asset Protection
    marty@martyburbanklaw.com

    Great Overview Book5
    Taxes related to a small business are complex and even a little bewildering if you haven't gotten into them before. But as this book says, they're not rocket science difficult.

    Here in one book is a general introduction to the major business taxes that we all have to face. In addition there are comments based on experience such as: "Few people ever file form 5213 (Election to Postpone Determination that Activity is for Profit), and for good reason. It draws the IRS's attention and may invite an audit." This kind of advice is hard to find in real life, but here the author has enough experience in the area to make such statements.

    Most of the book is on the standard kinds of accounting records you'll need to keep, the limits and philosophies that the IRS follows, etc.

    A book you must buy!5
    I recommend this book to individuals who run a small business or plan to start a small business.

    This is a great book that goes through some tax fundamentals that all small businesses should know. Fredrick Daily has a great talent with translating complicated tax issues into plain English. The book goes through fundamentals areas such as tax basics, deductions, C and S corporations, fringe benefits, and etc.

    At the very least, this book has prompted a look back at how my small business' tax structure is set up.

    For those who care to save time and money, this is the book for you.