Tax Savvy for Small Business
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Tax Savvy for Small Business

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by Frederick Daily
     
 

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

Named a "Best Tax Book" by Entrepreneur

Knowing the ins and outs of the tax code 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

Overview

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

Named a "Best Tax Book" by Entrepreneur

Knowing the ins and outs of the tax code 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 valuable strategies that will free up your time and money for what counts -- running your business, and running it 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

Completely updated, the 11th edition of Tax Savvy for Small Business 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.

List of Forms
IRS Publications List
Forms Checklist and Due Dates
Quick and Easy Access to IRS Tax Help and Tax Products
(Publication 2053-A)

Editorial Reviews

The Wall Street Journal
This book is one of the best plain-language books on small-business taxes.
Inc.
"A completely invaluable guide... keep this on your bookshelf for future reference. Five stars (we love it)."
Inc. Magazine
A completely invaluable guide... keep this on your bookshelf for future reference. Five stars (we love it).
Entrepreneur.com
[One of] the hottest books to help you comply with (and maybe get a refund from) Uncle Sam.

Small Business Opportunities
The author has more than 20 years experience... Even if you use an accountant, pick up a copy of this book for further understanding and tax management.

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

Money Magazine
[One of the] best resources to get your business growing.
Booknews
Daily (a tax attorney) offers the small business owner advice on reducing taxes. He describes year-round tax-saving strategies, as well as particular tips and techniques. Business structures, deductions for expenses, and write-offs for assets are all discussed. In addition, he provides advice on record-keeping and surviving an audit. A glossary, tax forms, and the answers to frequently asked questions are included. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Accounting Today
Shows business owners how to make the most of all the rules aimed at encouraging small business.
Library BookWatch
Combines a complete strategy approach with insights no business, whether big, medium or small, can afford to miss.
Reference & Research Book News
Covers new tax breaks, rules, forms and publications relevant to small-business owners.
Upscale
When starting your own business, it's important to know that in legal terms, anything you don't know can hurt you.... If you can't afford a lawyer, consider reading... Tax Savvy for Small Business.
World Magazine
Explains well the opportunity for small businesses to set up corporate medical reimbursement and educational assistance plans, and that's the book I'd recommend.
— Marvin Olasky

Product Details

ISBN-13:
9781413310641
Publisher:
NOLO
Publication date:
12/06/2009
Edition description:
13th Edition
Pages:
380
Product dimensions:
8.30(w) x 10.80(h) x 1.00(d)

What People are saying about this

Paul Tulenko
"This is an extremely valuable book, and you need it on your desk."--(Paul Tulenko, syndicated business columnist)

Meet the Author

Frederick W. Daily is a tax attorney with over 35 years experience helping individuals and small business owners make smart tax decisions and stay out of trouble with the IRS. He has been featured as a tax expert on Good Morning America and NPR, and in publications across the country including Money Magazine, U.S. News & World Report, Newsweek, the New York Times, and the Chicago Tribune. He is the author of Stand Up to the IRS, Tax Savvy for Small Business and Surviving an IRS Tax Audit.

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Tax Savvy for Small Business 4 out of 5 based on 0 ratings. 2 reviews.
Guest More than 1 year ago
I purchased this book along with Deduct It! 'both published by Nolo Press'. This book covers much of the same tax information in Deduct It!, however that book does a much better job of it. This book focuses on the 'how to' of being self-employed, and would be greatly helpful to someone starting a new business who is unsure about set up, record-keeping, etc. For anyone else who has already been in small business for a while, there isn't much new here. A good book--well written--just not for everyone.
Cbtmejia65 More than 1 year ago
This is one of the best books that I read. Its was so helpfull for me. I recomend to read it