Deduct It!: Lower Your Small Business Taxes » (6th Edition)

Stephen Fishman is the author of many Nolo books, most recently Tax Deductions for Professionals. Other titles include Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide and Home Business Tax Deductions: Keep What You Earn-plus many other legal and business books. He received his law degree from the University of Southern California in 1979. After time in government and private practice, he became a full-time legal writer in 1983.

The fastest way for any small business to make more money is to pay less to the IRS. Recent changes in the tax law make this easier to do than ever before - yet many entrepreneurs continue to pay more than is necessary.

Let Deduct It! show you how to maximize the business deductions you re entitled to quickly, easily and legally.

Comprehensive yet easy to read with many interesting and relevant examples the book is organized into practical, easy-to-use categories featuring common deductions, including:

*start-up expenses

*operating expenses

*health deductions

*vehicles

*entertainment

*meals

*travel

*home offices

*inventory

*equipment

*and many more

 

Deduct It! is indispensable to your venture, whether you re just starting out or have been established for years. The book also provides basic information on how different business structures are taxed and how tax deductions work.

Accounting Today

Delves deeply into the complex thicket of available deductions, with real-life examples on deducting everything from start-up expenses to car and travel expenses and the costs of benefits.

Introduction
1. Tax Deduction Basics
2. Beating the Hobby Loss Rule
3. Start-Up Expenses
4. Business Operating Expenses
5. Deducting Long-Term Assets
6. Inventory
7. The Home Office Deduction
8. Car and Local Travel Expenses
9. Business Travel
10. Meal and Entertainment Expenses
11. Hiring Workers
12. Retirement Deductions
13. Medical Expenses
14. Additional Deductions
15. Record Keeping and Accounting
16. Help Beyond This Book