Chapter 1
Small Business Taxes 101
IN THIS CHAPTER
Appreciating the value of year-round tax planning
Understanding recent important tax law changes affecting small businesses
Checking on changes made by the SECURE Act of 2019 and COVID-19 relief bills
Looking ahead to possible upcoming tax law changes
Noting the various taxes you and your business pay
Even though I write about personal finances, including tax issues, I don’t particularly enjoy dealing with taxes. I would rather cut my lawn, take care of my neighbor’s dog, or even visit my dentist (for a routine cleaning). At least in all these cases, I know my time commitment is reasonably limited, and when I’m done, I’m satisfied that the job has been done well and I can move on to something else.
Filling out state and federal tax forms is often complicated and confusing. Because I write about taxes, I feel that it’s essential for me to complete my own income tax forms and returns, which forces me to wallow in the details as much ...
Get Small Business Taxes For Dummies, 3rd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
