Deduct It!
Lower Your Small Business Taxes
[Berkeley, California] : Nolo, 2021.
Format: Book
Edition: 17th edition.
Description: 436 pages : illustrations ; 23 cm
"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 about new tax rules under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and how they affect small business owners. The book also covers 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. This edition is updated to cover changes under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)." -- Description provided by publisher.
Contents:
Introduction -- Tax deduction basics -- Are you really in business? -- Start-up expenses -- Business operating expenses -- Deducting long-term assets -- Inventory -- Office expenses -- Car and local travel expenses -- Business travel -- The pass-through tax deduction -- Hiring workers -- Retirement deductions -- Medical expenses -- Additional deductions -- Record keeping and accounting -- Staying out of trouble with the IRS.
Subjects:
Small business -- Taxation -- Law and legislation -- United States -- Popular works.
Tax deductions -- United States -- Popular works.
Small business -- Taxation -- Law and legislation -- United States -- Popular works.
Tax deductions -- United States -- Popular works.
ISBN:
9781413328066
Availability | |||
---|---|---|---|
Call Number | Location | Shelf Location | Status |
BUSINESS Small Fis | Main (Downtown) | Third Level, Nonfiction | In |
"Includes Cares Act tax law changes"--Cover.
Includes index.
Includes index.