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.Reduce your taxesDeduct It!
shows you how to maximize your business deductions—quickly, easily, and legally. Whether your business is just starting or well established, this book is indispensable to your financial success. It covers deductions for:
- start-up and operating expenses
- travel and meals
- home offices
- medical expenses
- equipment and inventory
- and more.
Learn about the new tax law and how it affects small business owners, including the new 20% pass-through deduction and changes to entertainment and other business deductions and credits. Easy to read and full of real-world examples, Deduct It!
will pay for itself many times over.
This new edition is completely updated to cover the new Tax Cuts and Jobs Act.