Tax Savvy for Small Business: A Complete Tax Strategy Guide

by Frederick W. Daily, Jeffrey A. Quinn, Jeffrey A. Quinn, et al.

Book Overview

Getting your tax matters on track will free up your time to do what really counts: run a profitable business. "Tax Savvy for Small Business" can help you create a business tax strategy that can save you time, energy and money. It shows you how to: deduct operating expenses deduct travel, vehicle and entertainment expenses take advantage of tax credits write off long-term assets compare business structures keep solid business records handle an IRS...

• Format: Paperback
• Language: English
• ISBN: 1413322034
• ISBN13: 9781413322033
• Release Date: November 2015
• Publisher: NOLO
• Length: 376 Pages
• Weight: 0.20 lbs.
• Dimensions: 1.0" x 8.5" x 11.0"

Customer Reviews

money saver book

Being a small business owner, this book draw my attention from tons of others sitting on the bookstore shelf and I was not disappointed - well structured and easy to read wealth of information that helps you navigate through complexities of IRS official publications. Add to that a bit of humor scattered throughout the book and reading about taxes and accounting turns out to be a pleasure ! Would certainly give it triple BUY rating

Invaluable part of a business startup package

Great book and an essential read for anyone starting and running a business. Essential advice as well as useful guides for communicating with the IRS. Examples I've used include changing my S corp election to a C corp and also the process to apply for a first time abatement of penalties. This book has helped reduce my tax related anxieties to a tolerable level. Tax attorney Frederick W. Daily has consolidated a wealth of information into a easy to read and extremely useful 300+ page reference. This will be one of my core texts when I teach a course on "How to Start and Run a Company" at the local community college. I've waited for nearly two decades to start a company because the tax code always overwhelmed me (and I had studied accounting for two years in college before becoming an engineer). If I had read this book earlier I would not have been nearly so apprehensive.

Tax Savvy for Small Businesses

I found this book to be very straight forward with excellent examples detailing the concepts discussed. Makes usually dry reading very interesting. Only wish is it explored even more complex tax issues that are "outside" the scope of this book. Thanks!

Simple Explanations of a Complex Tax Code

Taxes related to a small business are complex and even a little bewildering if you haven't gotten into them before. But as this book says, they're not rocket science difficult. Here in one book is a general introduction to the major business taxes that we all have to face. In addition there are comments based on experience such as: "Few people ever file form 5213 (Election to Postpone Determination that Activity is for Profit), and for good reason. It draws the IRS's attention and may invite an audit." This kind of advice is hard to find, but here the author has enough experience in the area to make such statements. Most of the book is on the standard kinds of accounting records you'll need to keep, the limits and philosophies that the IRS follows, etc. I'd rate this as an excellent and informative book, BUT if I really had a problem with those guys, I'd want an attorney to handle it.

A book you must buy!

I recommend this book to individuals who run a small business or plan to start a small business. This is a great book that goes through some tax fundamentals that all small businesses should know. Fredrick Daily has a great talent with translating complicated tax issues into plain English. The book goes through fundamentals areas such as tax basics, deductions, C and S corporations, fringe benefits, and etc. At the very least, this book has prompted a look back at how my small business' tax structure is set up. For those who care to save time and money, this is the book for you.