Tax Strategies for the Small Business Owner, 1st ed. Reduce Your Taxes and Fatten Your Profits

Many people freeze up when they are forced to prepare or even think about taxes. Some receive a notice from the IRS and put it aside: They?re too scared to open it! Yet taxes for the most part follow common sense rules. You just need to know what they are and how they affect your decisions. In this book, readers will learn about the different business entities, the different taxes you must deal with (primarily income taxes), documentation procedures, how to work with a tax professional, how to handle an audit, and, in general, how to use the U.S. Tax Code to your advantage. Among other things, readers learn to take full advantage of tax benefits and avoid potholes hidden in things like:

• Startup and ongoing expenses
• Cost of goods sold
• Depreciation
• Payroll 
• Retirement plans

1. The Business Entity 
2. An Overview of Taxation
3. Before Your Business Opens
4. The Basics of Expenses
5. Cost of Goods Sold
6. The Office
7. The Car
8. Travel Meals and Entertainment
9. Fixed Assets and Depreciation
10. Other Deductions
11. Employees and Wages
12. Payroll
13. Taxes
14. Medical Expenses
15. Retirement Plans 
16. Other Taxes
17. “Dear Valued Taxpayer”: When You Hear from the IRS
18. Other Topics

Tax Strategies for the Small Business Owner: Reduce Your Taxes and Fatten Your Profits will help business owners increase their profits and feel more comfortable dealing with taxes.