Authors: Weltman
ISBN-13: 9780471714033, ISBN-10: 0471714038
Format: Paperback
Publisher: Wiley, John & Sons, Incorporated
Date Published: May 2005
Edition: (Non-applicable)
BARBARA WELTMAN, an attorney, is a nationally recognized expert in taxation for small businesses. She has written extensively on tax, finance, and estate planning. Barbara is an experienced writer and is quoted regularly in major publications, including the New York Times and Bottom Line/Personal. She is also frequently featured on CNN and CNBC. Visit her Web site at www.bwideas.com and subscribe to her newsletter.
THE LEARNING ANNEX is the largest alternative adult-education organization in the United States. It offers short, inexpensive courses on personal growth, business and career opportunities, showbiz and media, health and healing, sports and fitness, spirituality, relationships, and technology, among many other subjects.
The Learning Annex Presents Small Business Basics
If you're a small business owner, you probably dedicate the majority of your time to the day-to-day activities that keep your company up and running. After all, why should you have to worry about taxes or other financial issues when you can hire someone else to handle them? The answer is simple: you, not your accountant or financial advisor, run the business. And if you truly want to be successful, you need to understand how your actions in business today can affect your bottom line tomorrow.
If you want to make more tax-efficient financial decisions for your business, The Learning Annex Presents Small Business Basics can show you how. This accessible guide provides useful and authoritative advice that will help you save time and money throughout the year.
Topics discussed include:
* Organizing your businessfrom S Corporations and C Corporations to Sole Proprietorships and Limited Liability Companies
* Income and lossesfrom business operations to the sale of business property
* Business deductions and creditsfrom home office deductions and advertising expenses to rent and retirement plans
As a small business owner, each decision you make is important. With The Learning Annex Presents Small Business Basics as your guide, you'll quickly discover how to make tax-savvy decisions that will improve your overall business.
Ch. 1 | Business organization | 3 |
Ch. 2 | Tax year and accounting methods | 19 |
Ch. 3 | Recordkeeping for business income and deductions | 29 |
Ch. 4 | Income or loss from business operations | 41 |
Ch. 5 | Capital gains or losses | 63 |
Ch. 6 | Gains and losses from sales of business property | 81 |
Ch. 7 | Car and truck expenses | 95 |
Ch. 8 | Repairs and maintenance | 115 |
Ch. 9 | Bad debts | 123 |
Ch. 10 | Rents | 131 |
Ch. 11 | Taxes and interest | 138 |
Ch. 12 | First-year expensing and depreciation, amortization, and depletion | 151 |
Ch. 13 | Retirement plans | 183 |
Ch. 14 | Casualty and theft losses | 199 |
Ch. 15 | Home office deductions | 211 |
Ch. 16 | Medical coverage and other deductions | 222 |
Ch. 17 | Deductions for alternative minimum tax | 234 |
Ch. 18 | Roundup of tax credits | 240 |