Small Business Taxes Made Easy, Fourth Edition – Ebook PDF Instant Delivery – ISBN(s): 9781260468182,1260468186
Product details:
- ISBN-10 : 1260468186
- ISBN-13 : 978-1260468182
- Author: Eva Rosenberg,MBA
As if doing your business taxes weren’t complicated enough, you now have the Tax Cuts and Jobs Act to contend with. While this major overhaul throws a monkey wrench into the works, it provides unprecedented opportunities to keep even more of what you earn―if you’re up to speed on what the new law means and how to navigate it.
Small Business Taxes Made Easy has been fully updated to provide the knowledge, insights, and tools your business need to get ahead of the curve this tax season. You’ll learn everything you need to know for:
- Saving money on taxes and boosting your profits
- Building an increasingly profitable business, with the right advisory team
Table contents:
1 SMALL BUSINESS CHECKLIST
Three Indicators Will Predict the Success of the Business
So What Do You Need to Do?
The Checklist in To-Do Order
Resources
2 BUSINESS PLANS YOU KNOW AND TRUST
Create a Business Plan
Why You Need a Business Plan
Real Business—Planned Losses
General Benefits
The Fine Line Between Success and Failure
Exit Plans for Fun and Profit
Let’s Not Fail Due to Success
Knowing What to Do—When
Outline of a Plan
Rebalancing Your Business Plan for Tax Consequences
Business Plan Books and Resources
Resources
3 ENTITIES: SELECTING YOUR BUSINESS STRUCTURE
Decisions, Decisions, Decisions
What Do You Want to Be When You Grow Up?
An Overview of Certain Tax Considerations Related to Entities
Major Issues Related to Entities
Entities, in All Their Glory
A Brief Word About Nevada, Delaware, and Wyoming
Corporations
What About Nonprofits?
Entities We’re Not Discussing
All the Highlights in One Place
Your Big Decision
Resources
4 RECORD KEEPING
Keeping Records Is a Pain
Types of Accounting Systems
Doing It by Hand
The IRS Says It All
Fiscal Year
Accounting Styles
Records You Must Keep
How Long Should You Keep Records?
Glossary of Bookkeeping Terms
Resources
5 INCOME
Money In, Money Out, Wave Your Hands All About
A Capital Idea
What Is Income?
Timing of Income
A Brief Explanation About “Accrual Basis”
Sales Taxes Received—Are They Your Money?
Income Rarely Reported
The IRS Has a Cash Audit Guide
Some 1099s Your Business Receives
So What the Heck Is Income?
Resources
6 COMMON DEDUCTIONS
Rule of Thumb
Universally Deductible
It’s All About You
Mixed-Use Assets
Depreciation
More Deductions Than You Can Imagine
Resources
7 OFFICE IN HOME
The Song Is Right! Let’s Stay Home
It’s a Red Flag; It’s Just Asking for an Audit
Frustrating Change to the Law Affecting Employees
An Attractive Change to the Law Affecting Homeowners Only
Simplify, Simplify
Inner Space
Two Critical Reminders
Prove It, Baby!
What Are Office-in-Home Expenses?
When You Can’t Use Office-in-Home Deductions
Evaluate Your Options
A Final Note—and a Final Story
Resources
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