Some tax basics -- Is your home business really a business? -- Getting your business up and running -- Home business operating expenses -- Deducting long-term assets -- The home office deduction -- The pass-through tax deduction -- Getting around town: car and local travel expenses -- Leaving town: business travel -- Inventory -- Hiring help: employees and independent contractors -- What if you get sick?: deducting medical expenses -- Deductions that can help you retire -- More home business deductions -- Record keeping and accounting -- Businesses owned by spouses -- Eight tips for avoiding an IRS audit.
Summary:
For any home business, claiming all the tax deductions you are entitled to is essential to your business's financial success. Don't miss out on the many valuable deductions you can claim.-- Amazon.com.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.