The Tax Bible A Comprehensivee Guide For Small Businesses Self Employed And Independent Contractors

Author : Ken Koenen LLM
Publisher : Independently Published
Page : 220 pages
File Size : 50,6 Mb
Release : 2019-01-19
Category : Business & Economics
ISBN : 179431797X

Get Book

The Tax Bible: A Comprehensivee Guide for Small Businesses, Self-Employed and Independent Contractors by Ken Koenen LLM Pdf

Like most small business owners and self employed individuals, you are probably more concerned about the day to day issues of running your business rather than learning what deductions you might be entitled to on your tax returns. You don't have a staff of tax attorneys to guide you through the maze known as the Internal Revenue Code.This book will be your staff of tax attorneys to guide you, and to provide you with legitimate deductions that you are entitled to take, but have not been doing so. I will also give you record keeping short cuts.There is a lot of talk about a flat tax, and perhaps that would be a good thing. The chances of that happening anytime soon is remote, because politicians love to use (or abuse) the tax code to encourage investment, employment and other pet projects for their states.I want you to learn these deductions, determine which ones will fit with your business and circumstances, and start saving thousands of dollars in taxes each year which you could be used by you to grow your business. As long as they are allowing all of these deductions and perks, why not take advantage of them yourself? Keep the money to build your business.More importantly, I will give you methods of record keeping designed to take less of your time, and to make your tax return virtually ... AUDIT PROOF

Author : Ken Koenen,Ken Koenen LLM
Publisher : Createspace Independent Publishing Platform
Page : 0 pages
File Size : 55,7 Mb
Release : 2016-12-29
Category : Small business
ISBN : 1541326741

Get Book

The Tax Bible by Ken Koenen,Ken Koenen LLM Pdf

Most small business owners and self employed individuals are more concerned about the day to day issues of running your business rather than digging through thousands of pages of IRS publications to learn what deductions they might be entitled to on their tax returns. They also do not have the funds to hire a staff of tax attorneys to guide them through the maze known as the Internal Revenue Code. This book will be their staff of tax attorneys to guide them, and to provide them with legitimate deductions that they are entitled to take, but have not been doing so. More importantly, this book will give them methods of record keeping shortcuts designed to take less of their time, yet meet all IRS requirements. There is a lot of talk about a flat tax, and perhaps that would be a good thing. The chances of that happening anytime soon is remote, because politicians love to use (or abuse) the tax code to encourage investment, employment and other pet projects for their states. With the change of administration in the White House a few days away at the completion of this book, there will undoubtedly be many changes to the U.S. Tax Code over the coming months. They buyers of this book will be provided a six (6) month membership to taxsaver.co, (LAUNCHING IN jANUARY, 2017) where the author will be providing updates and changes to the Tax Code for its members. This book is designed to provide the reader with a quick reference not only to different deductions available to them, but also reference to the tax code and other authorities that they can use to provide to their tax preparer at tax time to support their deductions. The book covers everything that a small business owner needs to know, from a brief explanation of the tax system, start up deductions and operating expenses. It covers long term asset deductions and how to handle inventory. It amplifies information on the home office deduction, car and truck use in business, how to combine personal and business travel to make both deductible, as well as getting the most out of their ability to deduct meals and entertainment. It also touches on the many miscellaneous deductions that are available. Finally, it explains how to amend previously filed tax returns when the reader learns how much money they have left on the table in those previous returns. We also discuss strategies to avoid audits and how to handle an audit if one comes up. This book will help the reader to fit their business and circumstances to the available deductions, and start saving thousands of dollars in taxes each year which they could be used by you to grow your business. As long as the Tax Code is allowing all of these deductions and perks, why shouldn't the small business owner take advantage of them? They should keep that money to build their own business. And with our record keeping guidance and shortcuts, the owner can make their tax return virtually AUDIT PROOF.

Author : Ronika Khanna
Publisher : Montreal Financial
Page : 128 pages
File Size : 49,8 Mb
Release : 2024-06-03
Category : Business & Economics
ISBN : 9781777443931

Get Book

Small Business Tax Facts by Ronika Khanna Pdf

Starting a business or becoming self employed opens up a whole new world of tax considerations. This book will guide you through the fundamentals to ensure that you pay the taxes you need to but no more than that. In learning about the different types of tax and the sorts of deductions that businesses are entitled to you can have a better understanding of your small business tax and save time and money. Our tax companion: Makes sure you don’t miss any deductions by providing a comprehensive list of expenses that you as a small business or self employed owner claim, and explains them in detail with easy to follow examples Explains simply the key basic tax concepts that every taxpayer should know Provides details on how to do your accounting and what you need before preparing your tax return Takes you step by step through the process of completing the T2125 business tax return schedule along with examples Explores the more complex sections such as capital cost allowance, motor vehicle/car and home office expenses Takes you through the process of understanding and completing your GST/HST returns plus a special appendix on provincial sales taxes Discusses eligibility of common expenses that are less straightforward

Author : Matthew Thompson,Michael Giabrone
Publisher : Sourcebooks, Inc.
Page : 238 pages
File Size : 50,9 Mb
Release : 2013-07-02
Category : Business & Economics
ISBN : 9781402281334

Get Book

The Small Business Start-Up Guide by Matthew Thompson,Michael Giabrone Pdf

Filled with essential checklists, worksheets, and advice, The Small Business Start-Up Guide will get you up and running! The Small Business Start-Up Guide is a must-have for anyone starting a business. A complete overview of everything you need to know to start successfully, it will save you time, effort, and money. Discover: Which business entity is right for you How to formulate a complete business plan The ins and outs of bank laons and government assistance The pros and cons of franchising Which professionals to consult and when Everything you need to know about taxes and insurance Plus, get a great time-saving information, including: A checklist of all the things you must do when starting a business Many helpful resources, including worksheets and a complete list of state guidelines for starting a small business Where to find the best sources of information concerning all of your specific business questions and concerns Tips for finding loans and investors "The pluses and minuses for each type of organization a start-up can assume."—Wall Street Journal Right now is the time to start building the business you want!

Author : Stephen Fishman
Publisher : Nolo
Page : 545 pages
File Size : 47,7 Mb
Release : 2022-01-25
Category : Business & Economics
ISBN : 9781413329261

Get Book

Working for Yourself by Stephen Fishman Pdf

Ready to be your own boss? Tired of doing endless web searches for legal and tax information? Want one easy-to-use and authoritative resource for everything you need to set up and run your business? This book is for you. Whether you’re starting a full-scale consulting business or booking work on the side, Working for Yourself provides all the legal and tax information you need in one place. This excellent, well-organized reference will show you how to: decide the best form for your business (sole proprietor, LLC, or other) make sure you’re paid in full and on time pay estimated taxes (and avoid trouble with the IRS) take advantage of all available tax deductions available under the 2017 Tax Cuts and Jobs Act and the latest tax changes designed to help the self-employed during the COVID-19 pandemic choose health, property, and other kinds of insurance keep accurate records in case you get audited, and write legally binding contracts and letter agreements. Learn everything you need to know about successfully starting and running your operation—get paid what you’re worth and don’t spend it all on taxes.

Author : Anonim
Publisher : Unknown
Page : 58 pages
File Size : 46,5 Mb
Release : 1999
Category : Small business
ISBN : STANFORD:36105127865280

Get Book

Tax Guide for Small Business by Anonim Pdf

Author : Stephen Fishman
Publisher : NOLO
Page : 0 pages
File Size : 43,8 Mb
Release : 2014
Category : BUSINESS & ECONOMICS
ISBN : 1413319815

Get Book

Working for Yourself by Stephen Fishman Pdf

"Self-employed? Whether you're an independent contractor, freelancer, consultant, or considering self-employment, it all adds up to the same thing: you need to be more aware of laws and taxes than the average person. Get all the information you need to know to: obtain permits and licenses comply with strict IRS rules avoid unfair contracts "--

Author : Niwech Harnkham
Publisher : Unknown
Page : 85 pages
File Size : 45,5 Mb
Release : 2017-11-23
Category : Electronic
ISBN : 1973127784

Get Book

S CORPORATION the Comprehensive Guide by Niwech Harnkham Pdf

Are you a business owner? Do you pay too much tax as an independent contractor? Do you want to turn your LLC to S Corporation? If you have been paying a lot of Self-Employment tax, S Corporation status will help you to reduce your SE taxes. This book will give you a step-by-step from start your LLC, obtain your EIN, file S Corporation Election, accounting, payroll and tax filing. Why pay more for someone else to do when this book can help you do it by yourself! If you are an independent contractor (1099), this book is for you. This book will help you to reduce your income tax. Moreover, the Tax Cut and Jobs Act 2017 gives 20% deduction from S-Corp's profit. The S-Corp status gives you two incentives, 1st--15.3% of self-employment saving, 2nd--20% deduction of business profit. Why wait! You won't feel regret buying this book. It is your best investment.

Author : Dennis R Dowling
Publisher : FriesenPress
Page : 158 pages
File Size : 44,9 Mb
Release : 2013-07
Category : Business & Economics
ISBN : 9781460210765

Get Book

Are You Taking Ownership of Your Career? by Dennis R Dowling Pdf

Not everyone is suited to be an employee! Operating a business to manufacture or sell a product is easy for those who have the capital resources to do so. For those brought up in the information age and educated to provide services rather than sell a product, it is not as easy. Independent contracting is a legitimate means to be self-employed in order to provide services, as long as you follow the rules. This book shows the financial and non-financial advantages of independent contracting. It also points out the win-win position for the contractor and the employer. What it takes to become a contractor and how to organize your company are discussed. A major concern for contractors is in knowing what you can claim as expenses. This book lays out the most common expense claims and discusses how to pay you for your time and your return on your investment. The book provides some guidance on the prudent investment of the cash that builds within your company. This last issue can be the factor that determines the ultimate success of you taking ownership of your career!

Author : Susan C. Awe
Publisher : Bloomsbury Publishing USA
Page : 305 pages
File Size : 41,6 Mb
Release : 2012-01-16
Category : Language Arts & Disciplines
ISBN : 9781598847871

Get Book

The Entrepreneur's Information Sourcebook by Susan C. Awe Pdf

For 21st-century entrepreneurs, this book provides the practical guidance they need to overcome the often intimidating challenges of starting, organizing, and running a new business effectively and efficiently. The economic downturn has many individuals considering going into business for themselves, rather than relying on an employer for their income. Unfortunately, according to data from the Small Business Administration, the odds of long-term success are against them: 69 percent of businesses do not last past seven years and 56 percent fail in less than four. This book provides entrepreneurs with a comprehensive guide to the resources they need or will likely want to consult when starting a small business—and in order to stay profitable over the long run. The Entrepreneur's Information Sourcebook: Charting the Path to Small Business Success, Second Edition provides the expert guidance and up-to-date print and web resources an entrepreneur may need to make his business thrive and grow, from inception and information gathering, to raising capital, to marketing methods and human resource concerns. Nearly half of the resources in this newly updated book are new, and the essays have also been updated to reflect current business practices. This book is an essential tool that provides quick and easy access to the information every small business owner needs.

Author : Amy Rose Herrick
Publisher : Unknown
Page : 0 pages
File Size : 51,5 Mb
Release : 2024-03
Category : Business & Economics
ISBN : 1960427237

Get Book

Self-Employed Taxes, Unleashing Schedule C Deductions by Amy Rose Herrick Pdf

"Self-Employed Taxes: Unleashing Schedule C Deductions" is a comprehensive guide by Amy Rose Herrick, ChFC, specifically designed for self-employed individuals and independent contractors seeking assistance in navigating the complexities of taxes and deductions. With a line-by-line approach, this book empowers small business owners to take control of their tax situation by unlocking deductions and creating new tax savings.In the introduction, readers are presented with pointed questions to help them determine if this book is the right fit for their needs. Whether they receive various forms of payment, need guidance in saving taxes consistently, or require a step-by-step process to master tax planning, this book offers tailored solutions. By referencing the last three years of filed tax returns, readers can embark on a journey to acquire money management skills that will have lifelong benefits.The book highlights the importance of proactive tax planning and emphasizes the distinction between different types of tax preparers. Readers are encouraged to seek proactive professionals who engage in meaningful conversations and offer personalized strategies. Drawing from the author's experience in assisting self-employed professionals at all stages of entrepreneurship, the book focuses on the benefits of being a Schedule C taxpayer.Covering topics such as recordkeeping, maximizing tax advantages, and effective tax planning, the book provides valuable insights. Readers will gain a comprehensive understanding of Schedule C deductions and learn how each entry on tax forms can impact their overall tax liability. The book includes practical examples, color-coded highlights, and discussions on potential missed opportunities, enabling readers to identify areas for improvement and make the most of their deductions."Self-Employed Taxes: Unleashing Schedule C Deductions" encourages an ongoing relationship between readers and their tax professional. It outlines an initiative-taking process that involves reviewing past tax returns, discussing missed opportunities, and implementing strategies for future tax savings. By actively engaging in tax planning and staying informed about changes in tax laws, readers can minimize their tax burden and increase their long-term wealth.Take charge of your tax situation, unlock valuable deductions, and embark on a journey to financial empowerment with "Self-Employed Taxes: Unleashing Schedule C Deductions" today!

Author : Stephen Fishman
Publisher : Nolo
Page : 355 pages
File Size : 48,5 Mb
Release : 2023-11-28
Category : Business & Economics
ISBN : 9781413331363

Get Book

Deduct It! by Stephen Fishman Pdf

Reduce Taxes for Your Small Business Deduct It! shows you how to maximize your business deductions—quickly, easily, and legally. Whether your business is just starting or well established, this book is indispensable to your financial success. It covers deductions for: • start-up and operating expenses • travel and meals • home offices • medical expenses • equipment and inventory • and more. Learn the rules for deducting: net operating losses, state income taxes with a pass-through entity, and cryptocurrency given to a charity. This book also has updated information on Section 179 expensing and everything you need to know about the 20% pass-through deduction. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over—especially if the newly beefed-up IRS comes calling. This edition has a new section on tax credits and deductions for electric vehicles.

Author : Eva Rosenberg
Publisher : McGraw-Hill Education
Page : 0 pages
File Size : 45,6 Mb
Release : 2017-01-31
Category : Business & Economics
ISBN : 1260010767

Get Book

Small Business Taxes Made Easy, Third Edition by Eva Rosenberg Pdf

Axiom Business Book Award Gold Medal Winner Don’t be taxed out of business! Know your rights and KEEP MORE OF WHAT YOU EARN It’s great to start a business and be your own boss—but with all the taxes you pay, it sometimes feels like you’re working for the government. This book teaches you ways to work smarter – not harder! The go-to tax guide for small-business owners is packed with tips for dramatically lowering your taxes. This new edition covers key provisions passed by Congress that will affect your taxes for 2016 through 2020. It includes: • Enhanced checklists • Improved entity comparisons • Updates on valuable business resources and tools • New information about depreciation • Critical home-office information • Need-to-know online business issues • Expanded tips on Tax Notices and audits Small Business Taxes Made Easy covers more than just taxes. It includes business plans, legal tax-cutting tips, and ways to build your dynasty – or develop a smart exit plan (think Venture Capital or IPO). Best of all, you learn how to increase your profits and your cash flow and to ensure your business is a success. You have more rights as a taxpayer than you probably realize, and this unparalleled guide helps you exercise them to the max! Small Business Taxes Made Easy offers easy-to-follow, actionable advice with timeless information. Whatever kind of business you run, this book provides everything you need to hold on to more of the profits you’ve worked so hard for.

Author : Brian Germer
Publisher : Skyhorse Publishing Inc.
Page : 241 pages
File Size : 41,5 Mb
Release : 2012-10-09
Category : Business & Economics
ISBN : 9781581159202

Get Book

The Pocket Small Business Owner's Guide to Taxes by Brian Germer Pdf

A tax guide for small business owners discusses when depreciation begins, how to classify payments to employees, how to track inventory and sales, strategies for successful accounting, tax benefits for employers, business classifications, S corporation tax issues, deductible expenses, retirement plans, shareholder loans, family employee payroll and much more.

Author : Stephen Fishman
Publisher : NOLO
Page : 376 pages
File Size : 49,6 Mb
Release : 1998
Category : Business & Economics
ISBN : PSU:000033939315

Get Book

Wage Slave No More by Stephen Fishman Pdf

The era of lifetime employment is over. Millions of people have gone into business for themselves rather than sign on for a ride on the corporate roller coaster.