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Learning Annex Small Business »

Book cover image of Learning Annex Small Business by Weltman

Authors: Weltman
ISBN-13: 9780471714033, ISBN-10: 0471714038
Format: Paperback
Publisher: Wiley, John & Sons, Incorporated
Date Published: May 2005
Edition: (Non-applicable)

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Author Biography: Weltman

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.

Book Synopsis

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 business—from S Corporations and C Corporations to Sole Proprietorships and Limited Liability Companies
* Income and losses—from business operations to the sale of business property
* Business deductions and credits—from 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.

Table of Contents

Ch. 1Business organization3
Ch. 2Tax year and accounting methods19
Ch. 3Recordkeeping for business income and deductions29
Ch. 4Income or loss from business operations41
Ch. 5Capital gains or losses63
Ch. 6Gains and losses from sales of business property81
Ch. 7Car and truck expenses95
Ch. 8Repairs and maintenance115
Ch. 9Bad debts123
Ch. 10Rents131
Ch. 11Taxes and interest138
Ch. 12First-year expensing and depreciation, amortization, and depletion151
Ch. 13Retirement plans183
Ch. 14Casualty and theft losses199
Ch. 15Home office deductions211
Ch. 16Medical coverage and other deductions222
Ch. 17Deductions for alternative minimum tax234
Ch. 18Roundup of tax credits240

Subjects