Overview

Understanding tax deductions is an essential part of any home business--without the money saved by taking deductions, many home businesses couldn't get started or operate profitably. With this book, home business owners can rest assured that they are not paying more to the IRS in taxes than they need to. Practical and organized by chapter into the most commonly used home business tax deductions, this book shows how to plan for and take advantage of the tax breaks available to home business owners. From home office expenses to start-up expenses to health care costs to travel, meals and entertainment, this book shows home business owners how to deduct their business-related expenses and pay less to the IRS.

Full Product Details

9781413322071

Table of Contents

Reviews

Whether you re going to start or have already started your business, you need this book. Paul Tulenko, syndicated business columnist This fully updated and expanded 12th edition of Home Business Tax Deductions: Keep What You Earn is an indispensable instruction guide for any home business. Claiming all the tax deductions you are entitled to is essential to your home-based business's financial success. Home Business Tax Deductions will show how to deduct start-up costs; home office expenses (using new IRS rules); operating costs; vehicles and travel expenses; entertainment and meals; business losses; medical and retirement expenses. Home Business Tax Deductions includes detailed information on the new federal Affordable Health Care law (Obamacare) and how it affects small business owners, including the health insurance mandate for individuals and businesses with employees, credits and deductions under the new law, IRS penalties for noncompliance, and Obamacare's impact on HRAs (Health Reimbursement Arrangements) and HSAs (Health Savings Accounts). Home Business Tax Deductions will also explain how to keep accurate, thorough records in case the IRS ever comes calling. Easy to read and full of real-life examples, Home Business Tax Deductions can help you take advantage of all the valuable deductions you are entitled to when establishing and operating a home-based business of any kind. Thoroughly 'user friendly' in organization and presentation, Home Business Tax Deductions should be considered as an essential addition to personal, professional, community, and academic library Small Business Management instructional reference collection. --The Midwest Book Review, Wisconsin Bookwatch, The Business Shelf

Whether you're going to start or have already started your business, you need this book. Paul Tulenko, syndicated business columnist This fully updated and expanded 12th edition of Home Business Tax Deductions: Keep What You Earn is an indispensable instruction guide for any home business. Claiming all the tax deductions you are entitled to is essential to your home-based business's financial success. Home Business Tax Deductions will show how to deduct start-up costs; home office expenses (using new IRS rules); operating costs; vehicles and travel expenses; entertainment and meals; business losses; medical and retirement expenses. Home Business Tax Deductions includes detailed information on the new federal Affordable Health Care law (Obamacare) and how it affects small business owners, including the health insurance mandate for individuals and businesses with employees, credits and deductions under the new law, IRS penalties for noncompliance, and Obamacare's impact on HRAs (Health Reimbursement Arrangements) and HSAs (Health Savings Accounts). Home Business Tax Deductions will also explain how to keep accurate, thorough records in case the IRS ever comes calling. Easy to read and full of real-life examples, Home Business Tax Deductions can help you take advantage of all the valuable deductions you are entitled to when establishing and operating a home-based business of any kind. Thoroughly 'user friendly' in organization and presentation, Home Business Tax Deductions should be considered as an essential addition to personal, professional, community, and academic library Small Business Management instructional reference collection. --The Midwest Book Review, Wisconsin Bookwatch, The Business Shelf Whether you re going to start or have already started your business, you need this book. Paul Tulenko, syndicated business columnist This fully updated and expanded 12th edition of Home Business Tax Deductions: Keep What You Earn is an indispensable instruction guide for any home business. Claiming all the tax deductions you are entitled to is essential to your home-based business's financial success. Home Business Tax Deductions will show how to deduct start-up costs; home office expenses (using new IRS rules); operating costs; vehicles and travel expenses; entertainment and meals; business losses; medical and retirement expenses. Home Business Tax Deductions includes detailed information on the new federal Affordable Health Care law (Obamacare) and how it affects small business owners, including the health insurance mandate for individuals and businesses with employees, credits and deductions under the new law, IRS penalties for noncompliance, and Obamacare's impact on HRAs (Health Reimbursement Arrangements) and HSAs (Health Savings Accounts). Home Business Tax Deductions will also explain how to keep accurate, thorough records in case the IRS ever comes calling. Easy to read and full of real-life examples, Home Business Tax Deductions can help you take advantage of all the valuable deductions you are entitled to when establishing and operating a home-based business of any kind. Thoroughly 'user friendly' in organization and presentation, Home Business Tax Deductions should be considered as an essential addition to personal, professional, community, and academic library Small Business Management instructional reference collection. --The Midwest Book Review, Wisconsin Bookwatch, The Business Shelf

Whether you re going to start or have already started your business, you need this book. Paul Tulenko, syndicated business columnist

Author Information

Stephen Fishman is the author of many Nolo books, including Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide and Home Business Tax Deductions: Keep What You Earn --plus many other legal and business books. He received his law degree from the University of Southern California and after time in government and private practice, became a full-time legal writer.

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