Chapter 23
Small-Business Tax Planning
IN THIS CHAPTER
Getting and staying tax organized
Minimizing your business taxes
Incorporating decisions and taxes
Buying, selling, and investing in businesses
Whether you are your entire company or you have many employees, running a business can be one of the most frustrating, exhilarating, rewarding — and financially punishing — endeavors of your adult life. Many Americans fantasize about being their own boss. Tales of entrepreneurs becoming multimillionaires and multibillionaires focus our attention on the financial rewards without teaching us about the business and personal costs associated with being in charge.
The biggest challenges business owners face are the personal and emotional ones. It’s sad to say, but these challenges rarely get discussed among all the glory tales of rags to riches. Major health problems, divorces, the loss of friends, and even suicides have been attributed to the passions of business owners consumed with winning or overwhelmed by their failures. Although careers and business success are important, if you really ...
Get Taxes For Dummies 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.
