Deduct It!
eBook - PDF
Available until 30 Apr |Learn more

Deduct It!

Lower Your Small Business Taxes

  1. 464 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF
Available until 30 Apr |Learn more

Deduct It!

Lower Your Small Business Taxes

About this book

Small business owners can qualify for many tax deductions and credits, saving them lots of money. This edition covers all you need to know under new tax laws to ensure you take advantage of all the tax deductions and credits you’re entitled to. Deduct It! shows you how to maximize your business deductions—quickly, easily, and legally. 

This edition explains what small business owners need to know about deductions, including the home office deduction and the 20% pass-through deduction. It also explains how to keep proper tax records. You’ll also learn the rules for deducting start-up and operating expenses, net operating losses, state income taxes with a pass-through entity, cryptocurrency given to a charity, and more. Moreover, this edition explains what steps business owners can take now to reduce the impact of changes in the tax rules when the Tax Cuts and Jobs Act expires on December 31, 2025, and how business owners can protect themselves from audits by the newly-invigorated IRS.

Deduct It! 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 book provides the comprehensive, up-to-date tax law information that small business owners need to save money on taxes. 

Understanding taxes is essential for all small business owners now more than ever. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over.


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Yes, you can access Deduct It! by Stephen Fishman in PDF and/or ePUB format, as well as other popular books in Business & Entrepreneurship. We have over one million books available in our catalogue for you to explore.

Information

Publisher
NOLO
Year
2024
Print ISBN
9781413332155
eBook ISBN
9781413332162
Edition
21

Table of contents

  1. Cover
  2. Title Page
  3. Table of Contents
  4. Introduction
  5. 1. Tax Deduction Basics
  6. 2. Are You Really in Business?
  7. 3. Start-Up Expenses
  8. 4. Business Operating Expenses
  9. 5. Deducting Long-Term Assets
  10. 6. Inventory
  11. 7. Office Expenses
  12. 8. Car and Local Travel Expenses
  13. 9. Business Travel
  14. 10. The Pass-Through Tax Deduction
  15. 11. Hiring Workers
  16. 12. Retirement Deductions
  17. 13. Medical Expenses
  18. 14. Additional Deductions
  19. 15. Using Cryptocurrency in Your Business
  20. 16. Record Keeping and Accounting
  21. 17. Staying Out of Trouble With the IRS
  22. Index
  23. Book Registration