Small Business Taxes For Dummies
Learn to:Create an ongoing tax routine for your businessDeal with the IRS and navigate audits and noticesImplement practical strategies and stay up-to-speed on tax lawsAre you a small business owner taxed by taxes?Not keeping up with tax rules and strategies can lead to mistakes that cost business owners thousands of dollars in higher taxes, fines, and penalties every year.Small Business Taxes For Dummiesarms both current and aspiring small business owners with all the tax planning information they need to save time and money. Discover how to prepare your own tax documents, understand your rights and obligations, and much more.Get down to the basics — find out why it's important to plan for your taxes year-round, and get strategies that can help reduce themGo for the long haul — keep track of your business revenue and expenses, understand federal income tax filing options, and deal with IRS audits and noticesAsk for help — stay on the pulse of emerging tax rules and strategies; tap into IRS resources; utilize software; and find tax advisors who can help you with specific issues, including completing and filing tax formsTen taxing truths — discover ten often overlooked tax reduction opportunities, as well as ten resources to turn to after you've completed this bookOpen the book and find:The lowdown on business entities, retirement accounts, and other tax-related basicsHow to keep track of your revenues and costsForm 1040 filing optionsThe scoop on using the home office deductionStep-by-step info on completing important tax formsCommonly used tactics for reducing taxesWays to minimize your chances of being auditedPointers for getting tax help