J.K. Lasser's Small Business Taxes 2019: Your Complete Guide to a Better Bottom Line
- 13h 15m
- Barbara Weltman
- John Wiley & Sons (US)
- 2019
Maximize your bottom line with the nation's most trusted small business tax guide
J.K. Lasser's Small Business Taxes 2019 is the small business owner's ultimate guide to a money-saving, stress-free tax season. Providing straightforward advice from the nation's most trusted tax expert on small business taxes, this book gives you the answers you need quickly, with clear, concise guidance. Updated to cover changes from the Tax Cuts and Jobs Act and other legislation, this edition also includes an e-supplement covering additional developments from Congress and the IRS to keep you fully up-to-date.
A complete listing of all available business deductions and credits helps you identify those you qualify for, and includes critical information on dollar limits, recordkeeping requirements, and how to actually take the write-off—all the way down to the IRS form to use. Organizational and planning strategies help you get through the process quickly and with fewer headaches, and this year's changes to the tax laws are explained in terms of how they affect your filing.
Keeping up with the intricacies of tax law and filing is a full-time job—but it's not your full-time job. You have a business to run. This book gives you the guidance you need in the time that you have so you can get taxes out of the way and get back to work.
- Learn which expenses qualify for deductions—and which ones don't
- Adopt a more organized recordkeeping system to streamline the filing process
- Explore small-business-specific strategies for starting or closing a business, running a sideline business, and operating in multiple businesses
- Decode the various forms and worksheets correctly with step-by-step guidance
- Audit-proof your return
- Review obligations for the “other taxes,” including payroll and excise taxes
Every year, millions of small business owners overpay their taxes because they lack the time and expertise to make tax-sensitive business decisions throughout the year only to learn that it’s too late to act when it comes to tax time. Now you can put your money back where it belongs—in your business. J.K. Lasser's Small Business Taxes 2019 helps you take wise actions during the year and tells you how to file completely and accurately while maximizing your bottom line.
About the Author
Barbara Weltman is an attorney, prolific author, and a trusted professional advocate for small businesses and entrepreneurs. She is also the publisher of Idea of the Day® and monthly e-newsletter Big Ideas for Small Business® at BigIdeasForSmallBusiness.com. She has been named one of the Top 100 Small Business Influencers five years in a row and has won numerous awards for her blog. You can follow her on Twitter @Bigideas4SB.
In this Book
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Introduction
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Business Organization
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Tax Year and Accounting Methods
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Recordkeeping for Business Income and Deductions
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Income or Loss from Business Operations
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Capital Gains and Losses
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Gains and Losses from Sales of Business Property
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Employee Compensation—Salary, Wages, and Employee Benefits
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Travel, Meals, and Gift Expenses
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Car and Truck Expenses
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Repairs, Maintenance, and Energy Improvements
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Bad Debts
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Rents
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Taxes and Interest
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First-Year Expensing, Depreciation, Amortization, and Depletion
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Advertising Expenses
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Retirement Plans
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Casualty and Theft Losses
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Home Office Deductions
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Medical Coverage
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Deductions and Tax Credits for Farmers
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Qualified Business Income Deduction
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Miscellaneous Business Deductions
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Roundup of Tax Credits
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Income and Deduction Strategies
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Tax Strategies for Opening or Closing a Business
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Tax Strategies for a Sideline Business
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Tax Strategies for Multiple Businesses
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Alternative Minimum Tax
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Other Taxes
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Filing Tax Returns and Paying Taxes
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Retirement and Succession Planning
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Working with CPAs and other Tax Professionals
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Handling Audits with the IRS
