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Deduct It! Lower Your Small Business Taxes By Stephen Fishman ( NOLO )
Release Date: 2008-12-08
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List Price: $34.99
Price: $23.09
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Product Description
The fastest way for any small business to make more money is to pay less to the IRS. Recent changes in the tax law make this easier to do than ever before - yet many entrepreneurs continue to pay more than is necessary. Let Deduct It! show you how to maximize the business deductions you're entitled to --quickly, easily and legally. Comprehensive -- yet easy to read with many interesting and relevant examples -- the book is organized into practical, easy-to-use categories featuring common deductions, including: *start-up expenses
*operating expenses
*health deductions
*vehicles
*entertainment
*meals
*travel
*home offices
*inventory
*equipment
*and many more Deduct It! is indispensable to your venture, whether you're just starting out or have been established for years. The book also provides basic information on how different business structures are taxed and how tax deductions work.
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Should be considered a thoroughly user friendly and instructive 'Tax Bible' for every small business owner ( mwbookrevw )
We hear a lot about corporate taxes during this current political season. The average federal and state tax rate of small businesses is around 35%. But what is not generally known is that through the advantages of legal tax deductions most companies do not pay anywhere near that amount of tax assessment on their general revenues. Where it was once necessary to employ a top flight tax attorney, now anyone starting up an entrepreneurial venture in the form of a small business can take full and lawful advantage of all their tax deductions associates with start-up expenses, operating expenses, health and medical related expenditures, retirement commitments, as well as costs associated with entertainment, meals, travel, inventory, equipment, operating a home office, and so much more. They key to all this is "Deduct It!: Lower Your Small Business Taxes" by tax attorney and specialist Stephen Fishman. Now in a newly updated and expanded fourth edition, "Deduct It!" should be considered a thoroughly user friendly and instructive 'Tax Bible' for every small business owner wanting to steer clear of the IRS while taking full and legal advantage of every appropriate (and profitable) tax deduction allowed by law.
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as a beginer, it was a smooth informative read ( christopherjames5 )
i just started (well just INCORPORATED) my catering business. i found this book to be written in an accessible and unintimidating style. Fishman goes to great lengths to give examples, cite external sources for additional information, and generally uncomplicates the IRS jargon. now only if i had read this 6 months ago, i would really be ahead of the game!
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Highly readable and informative ( illini012 )
This book is a must small business owners because it can improve their bottom line. Although it provides fairly good overview of tax deudctions, it should not be used as a comprehensive reference for tax professionals.
The book is a relatively light read in a highly readable format. Each tax deduction has a good overview and a case example to boot. It isn't, however, an answer to complex tax questions which the book willingly acknowledges should be taken to a tax professional. For most business owners, this book should be sufficient for most of the tax deduction questions they may have. This book certainly answered all of mine.
The book provides valuable information on the probability of an IRS audit (don't form sole proprietorship if you want to avoid an audit) and how one can minimize one's chances of an audit.
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 So simple to understand, excellent examples
I read this book after forming a C-Corp in California (using the Nolo guide). Although I am familiar with many biz deductions, this book walks you through many examples of deductions you can take if you plan ahead. I really like the "Day in the Life of..." examples of how you can maximize legal deductions pertaining to mileage. There's an excellent section on home office deductions. My husband, a self-admitted dummy when it comes to expense reports, taxes, etc., picked up the book after I was done, and even he understands the concepts. Already he has found deductions for his sole proprietorship and non-reimbursed employee biz expenses. Great value and so easy to understand. Highly recommend.
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Great book! ( fred_frog )
Great book. Just one comment. A lot of the text in this book is identical to the text in Tax Deductions for Professionals. You don't need both books; choose one.
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