For most business owners, their single biggest “expense” is their tax bill. And, for the estimated 30 million small business owners in the US, the nation’s tax continue to change and increase in complexity. Not being up-to-speed on tax rules and strategies can lead to mistakes that cost business owners thousands of dollars in fines and penalties every year. Small Business Taxes For Dummies, 2nd Edition assists both current and aspiring small business owners with important tax planning issues, including:
- Complete coverage of the 2018 tax bill and the impact on small business owners who file Schedule C as well as impact on other incorporated businesses
- Expanded coverage of issues influencing incorporated small businesses, partnerships, and LLCs
- Expanded coverage of other business taxes including payroll and sales taxes
- Additional coverage of websites and other online tax resources
- Enhanced coverage of sideline businesses and for millennials juggling multiple gigs
- Creating an ongoing tax routine
- Dealing with the IRS and where to find help
- Navigating audits and notices