The Pocket Small Business Owner's Guide to Taxes

The Pocket Small Business Owner's Guide to Taxes

by Brian Germer
     
 

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When does nontaxable business income become taxable? How do you calculate the cost of goods sold? What can be deducted? What is a fixed asset? This no-nonsense guide answers these common questions and more, empowering small business owners to understand how and why they are taxed and maximize their deductions. You’ll learn when depreciation begins, how to

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Overview

When does nontaxable business income become taxable? How do you calculate the cost of goods sold? What can be deducted? What is a fixed asset? This no-nonsense guide answers these common questions and more, empowering small business owners to understand how and why they are taxed and maximize their deductions. You’ll learn when depreciation begins, how to classify payments to employees, how to track inventory and sales, and strategies for successful accounting.

Coverage also includes:

  • Tax benefits for employers
  • Business classifications
  • S corporation tax issues
  • Deductible expenses
  • Retirement plans
  • Shareholder loans
  • Family employee payroll
  • And more  
Taxes can be intimidating and confusing, especially for a small business owner who may have only handled individual taxes in the past. Understanding the tax system is essential for all small business owners, whether they are filing on their own or with the help of an accountant. When it comes to running your finances, knowledge is power, and The Pocket Small Business Owner's Guide to Taxes puts the power in your hands!

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Product Details

ISBN-13:
9781621532538
Publisher:
Skyhorse Publishing
Publication date:
11/13/2012
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
240
File size:
548 KB

Meet the Author

Brian Germer has over ten years of experience in public accounting and has worked closely with small businesses in providing tax and financial statement services, as well as QuickBooks consulting, accounting system design, audit representation,
and tax planning. Brian also writes articles for PDXCPA, a Portland small business tax blog. Brian is a CPA licensed in the State of Oregon.

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