Small Business Taxes for Dummies
Publication Date: 2013-11-25
Are you a small business owner taxed by taxes? Not being up-to-speed on tax rules and strategies can lead to mistakes that cost business owners thousands of dollars in fines and penalties every year. Small Business Taxes For Dummies assists both current and aspiring small business owners with important tax planning issues. For the estimated 21 million small business owners in the U.S., the nation's tax codes continue to change and increase in complexity. Small Business Taxesnbsp;For Dummies arms you for important tax planning issues, including: year-round tax planning tips and expense tracking advice; small business decisions and expense basics; business use of your home and self-employment taxes; creating an ongoing tax routine; dealing with the IRS and where to find help; navigating audits and notices; and more. Guides you through the current tax laws and ensures that you understand your rights and obligations Helps small business owners save time and money Empowers you to understand and prepare your own tax documents The expert tips and advice presented in Small Business Taxes For Dummies are for the millions of small business owners like you searching for a guide to the latest tax codes and regulations.
Tax Strategies for the Small Business Owner
Publication Date: 2013-01-01
Tax Strategies for the Small Business Owner: Reduce Your Taxes and Fatten Your Profits will help the small business owner increase profits while feeling more comfortable dealing with taxes. It begins by looking at the often overlooked critical decision small business owners face when they start a business: the choice of business entity. The book then examines all the deductions that a business owner can take legally to reduce taxes. It also provides advice business owners need to make good tax-related decisions: Should I lease or buy? Should I hire an employee or outsource the task? How much will buying a building reduce my taxes and for how long? Many people freeze up when they are forced to prepare or even think about taxes. Some receive a notice from the IRS and put it aside: They're too scared to open it! Yet taxes for the most part follow common sense rules. You just need to know what they are and how they affect your decisions. In this book, readers will learn about the different business entities, the different taxes you must deal with (primarily income taxes), documentation procedures, how to work with a tax professional, how to handle an audit, and, in general, how to use the U.S. Tax Code to your advantage. Among other things, readers learn to take full advantage of tax benefits and avoid potholes hidden in things like: Startup and ongoing expenses Cost of goods sold Depreciation Payroll Retirement plans In short, Tax Strategies for the Small Business Owner will not only help you relax when you deal with your taxes-it'll show you how to use tax law to your financial benefit. What you'll learn How to choose a business entity that's right for your business. The requirements for deducting expenses. What you can deduct (and what you can't). How to fund your retirement with help from the business. Using depreciation rules to reduce taxable income. Having benefit plans (medical and retirement) while complying with tax laws. How to take the tax implications into account when making strategic business decisions. What to do when you hear from the IRS. How to determine whether you need a tax professional to assist you. Who this book is for Taxes for the Small Business Owner is designed for owners of small to medium-sized businesses and aspiring entrepreneurs-millions of people in the U.S. This practical guide on taxation is designed for those who want to lower their tax bills by maximizing deductions. It will appeal to any owner or manager who wants to pay less tax-legally. Table of Contents The Business Entity An Overview of Taxation Before Your Business Opens The Basics of Expenses Cost of Goods Sold The Office The Car Travel Meals and Entertainment Fixed Assets and Depreciation Other Deductions Employees and Wages Payroll Taxes Medical Expenses Retirement Plans Other Taxes Dear Valued Taxpayer: When You Hear from the IRS Other Topics
QuickBooks 2014 the Guide
Publication Date: 2013-12-03
Maximize the power of QuickBooks 2014 Create a comprehensive, streamlined small business financial management system with help from an expert! Written by an Advanced Certified QuickBooks ProAdvisor, QuickBooks 2014: The Guide shows you, step by step, how to customize the #1 bestselling financial software to suit your business. Learn proven methods for managing your business finances, processing invoices, tracking inventory, monitoring sales, and administering payroll. Maximize the software’s capabilities and run your small business efficiently using the best practices and time-saving techniques packed inside this practical resource. Configure and customize QuickBooks for your business Enter transactions quickly and accurately Manage accounts payable and receivable Monitor and manage inventory Integrate with online banking services Track employee hours and manage payroll Reconcile bank accounts Manage budgets and project cash flow Prepare for tax time Secure your data Run analytical business reports Make key business decisions with confidence
QuickBooks X for Dummies
Publication Date: 2013-09-16
Take control of the books and keep your finances in the black with QuickBooks and For Dummies With over four million of his books in print, CPA and perennial bestselling For Dummies author Stephen L. Nelson knows how to make QuickBooks and basic accounting easy for the rest of us. Small business owners, managers, and employees: if you want to use QuickBooks for your business, the new edition of this annual bestseller is the best place to start. From setting up the software to creating invoices, recording and paying bills, tracking inventory, getting reports, and crunching numbers for tax prep, you'll discover how to do it, why to do it, and get way more organized in the process. Gives small business owners the power to manage their own business accounting and financial management tasks using QuickBooks 2014 Helps you build the perfect budget, process payroll, create invoices, manage inventory, track costs, generate financial reports, balance accounts, and simplify your tax return prep Walks you through basic bookkeeping concepts, data management fundamentals, and need-to-know accounting guidelines to help you track your finances with ease Keep your business finances on track, on budget, and in control with QuickBooks 2014 and QuickBooks 2014 For Dummies.
The Small Business Start-Up Kit
Call Number: KF1659 .P35 2014
Publication Date: 2014-02-24
Every entrepreneur needs The Small Business Start-Up Kit. Want to start a business? Don't know where to begin? Start here. The Small Business Start-Up Kit shows you how to set up a small business in your state, quickly and efficiently clearing state and local bureaucratic hurdles along the way. We'll show you how to: choose between an LLC and other business structures write an effective business plan pick a winning business name and protect it hire and manage staff comply with legal and tax issues affecting home businesses price, bid and bill your projects manage finances and taxes get your website up and running market your business effectively, online and off The 8th edition is completely updated, with new material on emerging business structures, such as benefit corporations, and how to raise money online through crowdfunding websites such as Kickstarter.
J. K. Lasser's Small Business Taxes 2014
Publication Date: 2013-10-21
The tax facts and strategies that every small business owner needs to know Owning a small business is a big responsibility. While all small business owners seek to improve their bottom line, few realize all the ways that both current and new tax laws can help them do so. With J.K. Lasser's Small Business Taxes 2014, you'll quickly discover how. Written in a straightforward and accessible style, this reliable resource offers a complete overview of small business tax planning and provides you with the information needed to make tax-smart decisions throughout the year. Focusing on strategies that help you use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes, this practical guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow. Includes detailed coverage of the newest tax laws and IRS rules, including tax breaks and responsibilities under the Affordable Care Act Shares ideas that can help you run a tax-smart business all year long and plan your exit strategy Contains comprehensive information on each deductible expense, including dollar limits and record-keeping requirements Offers clear instructions on where to report income and claim deductions on your tax forms Includes a free online supplement at JKLasser.com, which contains up-to-the-minute tax law changes Other titles by Barbara Weltman: J.K. Lasser's 1001 Deductions & Tax Breaks 2014 Making the right tax moves can make your business better. Let J.K. Lasser's Small Business Taxes 2014 show you how, with strategies and advice that will help you understand and plan for both today's and tomorrow's tax laws.