The tax facts and strategies every small business owner should know
Owning a small business is a big responsibility. While many small business owners seek to improve their bottom line, few realize all the ways that both current and new tax laws can help them do so. With J.K. Lasser''s Small Business Taxes 2006 you can learn how.
J.K. Lasser''s Small Business Taxes 2006 gives you a complete overview of small business tax planning in a straightforward and accessible manner. Focusing on strategies that help you use deductions effectively, shield business income, and maximize other aspects of small business taxes, this practical guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow.
In this fully updated volume, you''ll find:
* Detailed coverage of new tax laws and IRS rules
* Planning strategies that can help you run a tax-smart business all year long
* Comprehensive information on each deductible expense, including dollar limits and record-keeping requirements
* Clear instructions on where to report income and claim deductions on your tax forms
* Sample forms and checklists to help you prepare for tax time
* Help with state taxes and a guide to information returns you may need to file
* Planning strategies that can help you run a tax-smart business all year long
Filled with in-depth insight and practical advice, J.K. Lasser''s Small Business Taxes 2006 proves you don''t have to be a tax expert to make smart tax decisions.