When does nontaxable business income become taxable? How do you calculate the cost of goods sold? What can be deducted? What is a fixed asset? This no-nonsense guide answers these common questions and more, empowering small business owners to understand how and why they are taxed and maximize their deductions. You’ll learn when depreciation begins, how to classify payments to employees, how to tra...
File Size: 640 KB
Print Length: 241 pages
Publisher: Allworth Press; 1 edition (November 13, 2012)
Publication Date: November 13, 2012
Sold by: Amazon Digital Services LLC
Word Wise: Enabled
Lending: Not Enabled
Format: PDF ePub fb2 TXT fb2 ebook
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y and sales, and strategies for successful accounting.Coverage also includes:Tax benefits for employersBusiness classificationsS corporation tax issuesDeductible expensesRetirement plansShareholder loansFamily employee payrollAnd moreTaxes can be intimidating and confusing, especially for a small business owner who may have only handled individual taxes in the past. Understanding the tax system is essential for all small business owners, whether they are filing on their own or with the help of an accountant. When it comes to running your finances, knowledge is power, and The Pocket Small Business Owner's Guide to Taxes puts the power in your hands!