J. K. Lasser’s Small Business Taxes (2016) – Weltman

epub | 24.54 MB | English| Isbn:111914387X | Author: Weltman, Barbara | Year: 2015

Description:

Navigate the IRS tax code, minimize your tax liability, and keep more of your hard-earned money – it’s time to accumulate wealth!
For many small business owners, making sense of the tax code feels more challenging than trying to win the lottery.
But what if there was a way to transform this daunting task into a manageable, even empowering, part of your business journey?
This practical resource breaks down the convoluted language of tax laws into understandable, actionable steps. It will not only guide you through your existing tax obligations, but also uncover new opportunities to maximize your profits.
Inside, you will discover:

How to understand various tax obligations based on your business structure and make informed decisions to optimize your bottom line.

The differences between self-employment taxes and corporate income taxes, and how to strategically navigate between them.

Strategies for maximizing tax deductions and minimizing income tax rates by classifying your business expenses correctly.

The impact of income tax liability to owner(s) based on wages paid by the company vs profit made (dividend).

Effective tax planning strategies to mitigate your tax burden, including cash flow management, estimated tax payments, and year-round vs. year-end tax planning tips.

The best technology and software to assist with tax tracking and management.

How to avoid common tax mistakes, be prepared for a tax audit, and know when it’s time to hire a tax professional.

And much more!
Navigate the complexities of small business taxes effortlessly and start bringing more money into your pocket.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.