The tax facts and strategies that every small business owner needs to know Owning a small business is a big responsibility. While all small business owners seek to improve their bottom line, few realize all the ways that both current and new tax laws can help them do so. With J.K. Lasser?s Small Business Taxes 2014 , you?ll quickly discover how. Written in a straightforward and accessible style, this reliable resource offers a complete overview of small business tax planning and provides you with the information needed to make tax–smart decisions throughout the year. Focusing on strategies that help you use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes, this practical guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow. Includes detailed coverage of the newest tax laws and IRS rules, including tax breaks and responsibilities under the Affordable Care Act Shares ideas that can help you run a tax–smart business all year long and plan your exit strategy Contains comprehensive information on each deductible expense, including dollar limits and record–keeping requirements Offers clear instructions on where to report income and claim deductions on your tax forms Includes a free online supplement at JKLasser.com, which contains up–to–the–minute tax law changes Other titles by Barbara Weltman: J.K. Lasser?s 1001 Deductions & Tax Breaks 2014 Making the right tax moves can make your business better. Let J.K. Lasser?s Small Business Taxes 2014 show you how, with strategies and advice that will help you understand and plan for both today?s and tomorrow?s tax laws. INDICE: Preface v Introduction ix Part 1 Organization 1 1. Business Organization 3 2. Tax Year and Accounting Methods 40 3. Recordkeeping for Business Income and Deductions 58 Part 2 Business Income and Losses 71 4. Income or Loss from Business Operations 73 5. Capital Gains and Losses 103 6. Gains and Losses from Sales of Business Property 124 Part 3 Business Deductions and Credits 137 7. Employee Compensation: Salary, Wages, and Employee Benefits 139 8. Travel and Entertainment Expenses 175 9. Car and Truck Expenses 206 10. Repairs, Maintenance, and Energy Improvements 235 11. Bad Debts 248 12. Rents 260 13. Taxes and Interest 271 14. First–Year Expensing, Depreciation, Amortization, and Depletion 286 15. Advertising Expenses 323 16. Retirement Plans 330 17. Casualty and Theft Losses 367 18. Home Office Deductions 382 19. Medical Coverage 401 20. Deductions and Credits for Farmers 418 21. Domestic Production Activities Deduction 429 22. Miscellaneous Business Deductions 435 23. Roundup of Tax Credits 477 Part 4 Tax Planning for Your Small Business 489 24. Income and Deduction Strategies 491 25. Tax Strategies for Opening or Closing a Business 509 26. Tax Strategies for a Sideline Business 522 27. Tax Strategies for Multiple Businesses 527 28. Alternative Minimum Tax 533 29. Other Taxes 540 30. Filing Income Tax Returns and Paying Taxes 563 31. Succession Planning 573 Appendix A. Information Returns 578 Appendix B. Checklist of Tax–Related Corporate Resolutions 586 Index 589
- ISBN: 978-1-118-75492-4
- Editorial: John Wiley & Sons
- Encuadernacion: Rústica
- Páginas: 624
- Fecha Publicación: 19/12/2013
- Nº Volúmenes: 1
- Idioma: Inglés