Tax Savvy for Small Business: Year-round Tax Strategies to Save You Money

Knowing the ins and outs of the tax code is vital to the health of every small business. Virtually every decision a business makes has tax consequences that can affect its bottom line -- and the IRS is always watching. Tax Savvy for Small Business provides valuable strategies that will free up your time and money for what counts -- running your business, and running it effectively. It explains how to: § deduct current and capitalized expenses § write off up to $105,000 of long-term assets each year § compare the advantages of LLCs, corporations, sole proprietorships and more § take advantage of fringe benefits § keep records that will head off trouble with the IRS § get tax breaks from business losses § deal with payroll taxes § negotiate payment plans for late taxes § handle an audit § get IRS penalties and interest reduced § maximize retirement funds § use retirement funds as a tax break Completely updated, the 10th edition of Tax Savvy for Small Business provides the latest tax breaks, rules, forms and publications.