Deduct it! : lower your small business taxes Cover Image

Book

Deduct it! : lower your small business taxes / Stephen Fishman, J.D.

Fishman, Stephen, (author.). Nolo (Firm), (publisher.).

Summary:

"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 new tax rules for deducting a net operating loss, the expanded employee retention tax credit, and COVID-19 sick and family leave tax credits. The book also covers everything you need to know about the 20% pass-through deduction. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over. This edition covers amended and extended tax laws for business owners affected by the coronavirus (COVID-19) pandemic." -- Description provided by publisher.

Record details

ISBN: 9781413329247
ISBN: 1413329241
Physical Description: 436 pages : illustrations ; 23 cm
Edition: Seventeenth edition.
Publisher: [Berkeley, California] : Nolo, 2022.
Copyright: ©2021.

Content descriptions

General Note:

"Includes Cares Act tax law changes"--Cover.

Includes index.

Formatted Contents Note:

Introduction -- Tax deduction basics -- Are you really in business? -- Start-up expenses -- Business operating expenses -- Deducting long-term assets -- Inventory -- Office expenses -- Car and local travel expenses -- Business travel -- Pass-through tax deduction -- Hiring workers -- Retirement deductions -- Medical expenses -- Additional deductions -- Record keeping and accounting -- Staying out of trouble with the IRS.