
- 416 pages
- English
- PDF
- Available on iOS & Android
About this book
Reduce Taxes for Your Small Business
Small business owners are entitled to many tax deductions and credits, which can save them lots of money. Deduct It! shows you how to maximize your business deductions—quickly, easily, and legally. This reader-friendly guide explains everything that small business owners need to know to make sure they're taking advantage of all the deductions and credits available to them under the law, including deductions and credits under COVID relief legislation. This edition also covers everything you need to know about the 20% pass-through deduction.
The book is organized into practical, easy-to-understand categories of the most commonly-used business deductions. It includes interesting and relevant examples so readers can see how the deductions work and the context in which they come up. This edition provides the comprehensive, up-to-date tax law information that small business owners need to make sure they do everything they can to save money. Now, more than ever, understanding taxes is essential for all small business owners. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Cover
- Title Page
- Table of Contents
- Introduction
- 1. Tax Deduction Basics
- 2. Are You Really in Business?
- 3. Start-Up Expenses
- 4. Business Operating Expenses
- 5. Deducting Long-Term Assets
- 6. Inventory
- 7. Office Expenses
- 8. Car and Local Travel Expenses
- 9. Business Travel
- 10. The Pass-Through Tax Deduction
- 11. Hiring Workers
- 12. Retirement Deductions
- 13. Medical Expenses
- 14. Additional Deductions
- 15. Using Cryptocurrency in Your Business
- 16. Record Keeping and Accounting
- 17.Staying Out of Trouble With the IRS
- Index
- Book Registration