Ingram Publishing Services Small business owners are entitled to lots of tax deductions which can save them lots of money—if they take advantage of these deductions. There are also key tax advantages related to business entity choice, such as LLC versus C Corporation under the new tax laws. This book explains everything small business owners need to know to make sure they understand the best business entity choice for them and all the deductions they are entitled to take. Deduct It! is organized into practical, easy-to-understand categories of the most commonly-used business deductions. It includes lots of interesting and relevant examples so readers can see how the deductions work and the context they come up in. Now, more than ever, understanding taxes is essential for all small business owners.This book covers all you need to know about the new tax laws to make sure you that you are taking advantage of all the tax deductions to which you are entitled.
Practical and organized by chapter into the most commonly used business tax deductions, Deduct It! shows how to plan for and take advantage of the tax breaks available to small businesses under the new tax laws, including the new 20% deduction for passthrough businesses.
From start-up expenses to health care costs to travel and and meals, this book shows business owners how to deduct their business-related expenses and pay less to the IRS.