JK Lasser's Small Business Taxes 2009: Your Complete Guide to a Better Bottom Line (J K Lasser's New Rules for Small Business Taxes)

while Many Small Business Owners Seek To Improve Their Bottom Line, Few Realize All The Ways That Tax Laws Can Help Them Do So. j.k. Lasser's Small Business Taxes 2009 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. Part 1. Organization. Business organization Tax year and accounting methods Recordkeeping for business income and deductions Part 2. Business income and losses. Income or loss from business operations Capital gains and losses Gains and losses from sales of business property Part 3. Business deductions and credits. Employee compensation : salary, wages, and employee benefits Travel and entertainment expenses Car and truck expenses Reparis, 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 Part 4. 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 Filing income tax returns and paying taxes Appendix A. Information returns Appendix B. Checklist of tax-related corporate resolutions. An updated tax guide for the estimated twenty-four million small businesses in America offers readers comprehensive and straightforward tax planning suggestions, including useful advice on how to use deductions, shield income, and maximize the tax code, all arranged into sections on organization, business income and losses, deductions and credit, and tax planning. Original. Offers an overview of small business tax planning. This book focuses on strategies that help readers use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes.