Tax Savvy for Small Business: A Complete Tax Strategy Guide

by Stephen Fishman J.D.

Overview

Reducing taxes is one of the best ways to boost your business’s bottom line. Tax Savvy for Small Business is your one-stop guide for understanding how  you can plan for tax savings. This book shows you how to: 

• deduct operating expenses

• deduct travel, vehicle, and meal expenses

• take advantage of tax credits

• write off long-term assets

• compare business structures

• keep solid business records, and

• handle an IRS audit.

This completely updated edition covers changes in tax rates, deductions, and credits. Tax Savvy for Small Business is the up-to-date resource you need to maximize your deductions and boost your business’s bottom line.

Product Details

ISBN-13:	9781413332315
Publisher:	NOLO
Publication date:	01/01/2025
Edition description:	23rd ed.
Pages:	384
Product dimensions:	8.50(w) x 11.00(h) x 1.00(d)

About the Author

Stephen Fishman  is the author of many Nolo books, including  Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide and Home Business Tax Deductions: Keep What You Earn—plus many other legal and business books. He received his law degree from the University of Southern California and after time in government and private practice, became a full-time legal writer.          

Table of Contents

Tax Basics 1. Deductible Business Expenses 2. Writing Off Long-Term Business Assets 3. Bookkeeping and Accounting 4. Business Losses and Failures 5. Tax Concerns of Employers 6. Sole Proprietorships—Solos, Freelancers, and Independent Contractors 7. C Corporations 8. S Corporations 9. Partnerships 10. Limited Liability Companies 11. Qualified Personal Service Corporations 12. Family Businesses 13. Home-Based Businesses 14. Fringe Benefits 15. Retirement Plans 16. Buying a Business 17. Selling or Closing a Sole Proprietorship 18. When You Can't Pay Your Taxes 19. Audits 20. Appealing IRS Audits 21. Penalties and Interest 22. Help Beyond the Book 23. Answers to Frequently Asked Tax Questions Glossary Appendix Index

Editorial Reviews

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

"Even if you use an accountant, pick up a copy of this book for further understanding and tax management." Small Business Opportunities

"A completely invaluable guide... keep this on your bookshelf for future reference. Five stars (we love it)." Inc. Magazine

"The essential small business tax strategy book for the savvy entrepreneur". Named "Best Tax Book" by Entrepreneur magazine

From the Publisher