Deduct It!: Lower Your Small Business Taxes
Deduct 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 Tax Cuts and Jobs Act 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 edition is updated to cover changes under the Tax Cuts and Jobs Act.
Now, more than ever, understanding taxes is essential for all small business owners. This book covers all you need to know about the new tax laws to make sure you that you are taking advantage of all the tax deductions to which you are entitled. Practical and organized by chapter into the most commonly used business tax deductions, this book shows how to plan for and take advantage of the tax breaks available to small businesses under the new tax law, including the new 20% deduction for pass-through businesses. From start-up expenses to health care costs to travel and meals, this book shows business owners how to deduct their business-related expenses and pay less to the IRS.
About the Author
Stephen Fishman has dedicated his career as an attorney and author to writing useful, authoritative, and recognized guides on business, taxation, and intellectual property matters for small businesses, entrepreneurs, independent contractors, and freelancers. He is the author of 20 books and hundreds of articles, and has been quoted in The New York Times, Wall Street Journal, Chicago Tribune, and many other publications. Among his books are Every Landlord’s Tax Deduction Guide, Deduct It! Lower Your Small Business Taxes, and Working for Yourself: Law & Taxes for Independent Contractors, Freelancers & Gig Workers of All Types, published by Nolo. He is a two-time recipient of the Independent Book Publishers Association’s Benjamin Franklin Award.