Book description
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.
Table of contents
- Cover
- Introduction
- Part 1: Understanding Small Business Taxes
- Part 2: Ongoing Tax Jobs
- Part 3: Getting Help
-
Part 4: The Part of Tens
-
Chapter 14: Ten (Almost) Useful Apps and Software Packages for Small Business Tax Issues
- Tracking Expenses with Expensify
- Processing Sales with Square
- Managing Transactions with EMS+
- Marking Miles with MileIQ
- Managing Your Accounting with QuickBooks
- Handling Accounting and Invoicing with FreshBooks
- Preparing Taxes with TurboTax Self-Employed
- Completing Taxes with H&R Block Tax Preparation and Filing Software
-
Chapter 15: (Almost) Ten Often Overlooked Tax Reduction Opportunities
- Invest in Wealth-Building Assets
- Fund Some Retirement Accounts
- Contribute to a Health Savings Account
- Work Overseas
- Calculate Whether a Deduction Is Worth Itemizing
- Trade Consumer Debt for Mortgage Debt
- Consider Charitable Contributions and Expenses
- Scour for Self-Employment Expenses
- Married Couples Should Crunch the Numbers on Filing Separately
-
Chapter 16: Ten Resources to Turn to After Reading This Book
- To Develop a Good Business Plan and Improve Your Small Business
- To Whip Your Finances into Shape
- To Select the Best Business Entity
- To Set Up an Accounting and Financial Management System
- To Hone Your Investment Savvy for Your (and Your Employees’) Retirement Funds
- For Help with Payroll Regulations and Employee Tax Withholdings
- To Dig Deeper into IRS Rules and Regulations
- To Deal with IRS Collection Efforts
- For More Detailed Advice about All Aspects of Your Income Tax Return
- For Assistance in Preparing Your Income Tax Return
-
Chapter 14: Ten (Almost) Useful Apps and Software Packages for Small Business Tax Issues
- Index
- About the Author
- Connect with Dummies
- End User License Agreement
Product information
- Title: Small Business Taxes For Dummies, 2nd Edition
- Author(s):
- Release date: March 2019
- Publisher(s): For Dummies
- ISBN: 9781119517849
You might also like
book
Small Business Taxes Made Easy, Third Edition, 3rd Edition
Don’t be taxed out of business! Know your rights and KEEP MORE OF WHAT YOU EARN …
book
Limited Liability Companies For Dummies, 3rd Edition
Become a savvy entrepreneur with your own LLC Limited Liability Companies For Dummies, 3rd Edition offers …
book
Lower Your Taxes - BIG TIME! 2023-2024: Small Business Wealth Building and Tax Reduction Secrets from an IRS Insider, 9th Edition
The authoritative guide for navigating tax time, completely revised and updated for 2023-2024 With 200,000+ total …
book
Starting a Business All-in-One For Dummies, 2nd Edition
Starting a business? Don't sweat it! With all-new content and updates reflecting the latest laws, business …