Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations

If you're a business owner wanting to learn more about taxes without going through boring textbooks, then keep reading...

Benjamin Franklin once said that "in life, only two things are certain: death and taxes." He wasn't exaggerating about the latter. And because you must deal with taxes for as long as you live and earn money, you must get it right every time.

Unlike any other infractions or violations, tax-related offenses have major repercussions. At a minimum, you will pay fines and expenses. But if your tax violations are serious, you may end up in jail. Think about this: the infamous mafia gangster boss Al Capone was indicted and sent to prison not because of his violent crimes, but because of tax violations. Hence, you must take your taxes very seriously.

So, what does it take to manage your taxes successfully and avoid the massive inconveniences associated with being flagged by the Internal Revenue Service for tax violations? There are so many answers to this question, but they can be summed up in one term: tax accounting. And that is what this book is all about.

Written with non-accountant entrepreneurs in mind, this book can help you learn important tax accounting principles for ensuring optimal tax management in your business. These include:

  • What tax accounting is.
  • Important tax accounting guidelines.
  • The difference between accounting and bookkeeping.
  • How to claim tax deductions legally.
  • How to choose the right business entity.
  • How to manage payroll tax.
  • Discover if you need an S corporation or a C corporation.
  • And much, much more!

By the time you're finished with this book, you'll be armed with sufficient knowledge to ensure proper management of your businesses' income taxes.

And while you can never avoid taxes, what you'll learn here can make you and the IRS the best of friends.

So, grab your copy of this book now and start your journey towards optimal tax management for your small business.

1138672249
Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations

If you're a business owner wanting to learn more about taxes without going through boring textbooks, then keep reading...

Benjamin Franklin once said that "in life, only two things are certain: death and taxes." He wasn't exaggerating about the latter. And because you must deal with taxes for as long as you live and earn money, you must get it right every time.

Unlike any other infractions or violations, tax-related offenses have major repercussions. At a minimum, you will pay fines and expenses. But if your tax violations are serious, you may end up in jail. Think about this: the infamous mafia gangster boss Al Capone was indicted and sent to prison not because of his violent crimes, but because of tax violations. Hence, you must take your taxes very seriously.

So, what does it take to manage your taxes successfully and avoid the massive inconveniences associated with being flagged by the Internal Revenue Service for tax violations? There are so many answers to this question, but they can be summed up in one term: tax accounting. And that is what this book is all about.

Written with non-accountant entrepreneurs in mind, this book can help you learn important tax accounting principles for ensuring optimal tax management in your business. These include:

  • What tax accounting is.
  • Important tax accounting guidelines.
  • The difference between accounting and bookkeeping.
  • How to claim tax deductions legally.
  • How to choose the right business entity.
  • How to manage payroll tax.
  • Discover if you need an S corporation or a C corporation.
  • And much, much more!

By the time you're finished with this book, you'll be armed with sufficient knowledge to ensure proper management of your businesses' income taxes.

And while you can never avoid taxes, what you'll learn here can make you and the IRS the best of friends.

So, grab your copy of this book now and start your journey towards optimal tax management for your small business.

17.97 In Stock
Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations

Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations

by Greg Shields
Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations

Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations

by Greg Shields

Paperback

$17.97 
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Overview

If you're a business owner wanting to learn more about taxes without going through boring textbooks, then keep reading...

Benjamin Franklin once said that "in life, only two things are certain: death and taxes." He wasn't exaggerating about the latter. And because you must deal with taxes for as long as you live and earn money, you must get it right every time.

Unlike any other infractions or violations, tax-related offenses have major repercussions. At a minimum, you will pay fines and expenses. But if your tax violations are serious, you may end up in jail. Think about this: the infamous mafia gangster boss Al Capone was indicted and sent to prison not because of his violent crimes, but because of tax violations. Hence, you must take your taxes very seriously.

So, what does it take to manage your taxes successfully and avoid the massive inconveniences associated with being flagged by the Internal Revenue Service for tax violations? There are so many answers to this question, but they can be summed up in one term: tax accounting. And that is what this book is all about.

Written with non-accountant entrepreneurs in mind, this book can help you learn important tax accounting principles for ensuring optimal tax management in your business. These include:

  • What tax accounting is.
  • Important tax accounting guidelines.
  • The difference between accounting and bookkeeping.
  • How to claim tax deductions legally.
  • How to choose the right business entity.
  • How to manage payroll tax.
  • Discover if you need an S corporation or a C corporation.
  • And much, much more!

By the time you're finished with this book, you'll be armed with sufficient knowledge to ensure proper management of your businesses' income taxes.

And while you can never avoid taxes, what you'll learn here can make you and the IRS the best of friends.

So, grab your copy of this book now and start your journey towards optimal tax management for your small business.


Product Details

ISBN-13: 9781637161289
Publisher: Bravex Publications
Publication date: 01/21/2021
Pages: 130
Product dimensions: 6.00(w) x 9.00(h) x 0.31(d)

Table of Contents

INTRODUCTION

CHAPTER 1: WHAT IS TAX ACCOUNTING?

TAX ACCOUNTING VS. FINANCIAL ACCOUNTING

TAX-EXEMPT ORGANIZATIONS

WHY TAX ACCOUNTING IS IMPORTANT TO YOUR BUSINESS

HIRING A TAX ACCOUNTANT

CHAPTER 2: FOLLOWING TAX GUIDELINES

HOBBY OR BUSINESS

THE EMPLOYER IDENTIFICATION NUMBER (EIN)

RECORD KEEPING GUIDELINES

CHAPTER 3: LEARNING ACCOUNTING AND BOOKKEEPING

BOOKKEEPING

ACCOUNTING

THE BOOKKEEPER VS. THE ACCOUNTANT

BOOKKEEPING FOR YOUR BUSINESS: DIY OR DELEGATE

CHAPTER 4: SMALL BUSINESS TAX DEDUCTIONS

ALLOWED DEDUCTIONS

OTHER KINDS OF BUSINESS EXPENSES

COMMON TAX DEDUCTIONS FOR SMALL BUSINESSES

CHAPTER 5: PAYROLL TAXES EXPLAINED

OTHER PAYROLL TAXES

CHAPTER 6: WHY A BUSINESS ENTITY IS IMPORTANT

COMMON TYPES OF BUSINESS ENTITIES

BUSINESS ENTITIES: THE ACCOUNTING CONCEPT

CHAPTER 7: LIMITED LIABILITY COMPANY

SETTING UP A LIMITED LIABILITY CORPORATION

LLCS: A SHORT HISTORY

LLC BENEFITS

POTENTIAL LLC DISADVANTAGES

TO LLC OR NOT TO LLC

HOW AN LLC IS TAXED

THE EFFECT OF CORPORATE TAXATION ON LLC TAXES

CHAPTER 8: S CORPORATIONS

CONSIDERATIONS FOR CHOOSING AN S CORP STRUCTURE

HOW S CORPORATIONS ARE TAXED

OTHER S CORP TAXES

CHAPTER 9: C CORPORATIONS

C CORPORATION BENEFITS

HOW C CORPORATIONS ARE TAXED

CHAPTER 10: SOLE PROPRIETORSHIP AND PARTNERSHIPS

SOLE PROPRIETORSHIPS

HOW SOLE PROPRIETORSHIPS ARE TAXED

HOW PARTNERSHIPS ARE TAXED

CHAPTER 11: SELF-EMPLOYMENT FOR SMALL BUSINESSES

ALLOWED TAX DEDUCTIONS FOR SMALL, SELF-EMPLOYED BUSINESS

SELF-EMPLOYED BUSINESS SUCCESS RESOURCES

CONCLUSION

HERE'S ANOTHER BOOK BY GREG SHIELDS THAT YOU MIGHT LIKE

REFERENCES

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