J.K. Lasser's^TM Small Business Taxes 2008: Your Complete Guide to a Better Bottom Line

by Barbara Weltman (IDG Books Worldwide, Inc.)

• ISBN13: 9780470231647
• ISBN10: 0470231645
• Format: eBook
• Copyright: 2008-02-01
• Publisher: Wiley

Summary

J.K. Lasser's Small Business Taxes 2008 gives you a complete overview of small business tax planning in an accessible manner. Focusing on strategies that help you use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes, this valuable guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow.

Table of Contents

Preface

Introduction

Organization

Business Organization

Tax Year and Accounting Methods

Recordkeeping for Business Income and Deductions

Business Income and Losses

Income or Loss from Business Operations

Capital Gains and Losses

Gains and Losses from Sales of Business Property

Business Deductions and Credits

Employee Compensation: Salary, Wages, and Employee Benefits

Travel and Entertainment Expenses

Car and Truck Expenses

Repairs, Maintenance, and Energy Improvements

Bad Debts

Rents

Taxes and Interest

First-Year Expensing, Depreciation, Amortization, and Depletion

Advertising Expenses

Retirement Plans

Casualty and Theft Losses

Home Office Deductions

Medical Coverage

Deductions for Farmers

Domestic Production Activities Deduction

Miscellaneous Business Deductions

Roundup of Tax Credits

Tax Planning For Your Small Business

Income and Deduction Strategies

Tax Strategies for Opening or Closing a Business

Tax Strategies for a Sideline Business

Tax Strategies for Multiple Businesses

Alternative Minimum Tax

Other Taxes

Online Filing and Information

Information Returns

Checklist of Tax-Related Corporate Resolutions

Index

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