Tax basics -- Deductible business expenses -- Writing off long-term business assets -- Bookkeeping and accounting -- Business losses and failures -- Tax concerns of employers -- Sole proprietorships --Solos, Freelancers, and independent contractors -- C corporations -- S corporations -- Partnerships -- Limited liability companies -- Qualified personal service corporations -- Family businesses -- Home-based businesses -- Fringe benefits -- Retirement plans -- Buying a business -- Selling or closing a sole proprietorship -- When you can't pay your taxes -- Audits -- Appealing IRS audits -- Penalties and interest -- Help beyond the book -- Answers to frequently asked tax questions.
Summary:
"Understanding the tax system is vital to the health of every small business. Virtually every decision a business makes has tax consequences that can affect its bottom line -- and the IRS is always watching. Develop the best tax plan for your small business, learn the ins and outs of the tax code, and create comprehensive strategies to get back the most from the IRS with this all-in-one guide"--Provided by publisher.
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.