Synopses & Reviews
Synopsis
Pay less to the IRSDon't miss out on the many valuable deductions you can claim Now, more than ever, understanding how taxes work is essential for home business owners.
Home Business Tax Deductions is for anyone who has a home business or is thinking of starting one and wants to know how to structure their business and take advantage of all available tax deductions. This book explains to readers how to maximize their business deductions--quickly, easily, and legally.
Whether you're just starting your home business or it's well established, Home Business Tax Deductions is indispensable to your financial success. It covers deductions for start-up and operating expenses, travel and meals, home offices, equipment, vehicles, medical expenses, and more. It also discusses how to keep accurate, thorough records and provides everything you need to know about the 20% pass-through deduction. In addition, this edition has an updated chapter explaining how to get paid and pay others with Bitcoin or another cryptocurrency, as well as information about trading in crypto as a business.
Home Business Tax Deductions is organized into practical, easy-to-understand categories of the most commonly-used home business deductions. This reader-friendly guide includes interesting and relevant examples of how deductions work in real life.
If you have a home business, this book will pay for itself many times over.
Synopsis
Pay less to the IRS
For any home business, claiming all the tax deductions you are entitled to is essential to your business's financial success. Don't miss out on the many valuable deductions you can claim.
Here, you'll find out how to deduct:
- start-up costs
- home office expenses
- vehicles, meals, and travel expenses
- medical expenses, and
- retirement expenses.
Easy to read and full of real-life examples, this book can help you take advantage of all the valuable deductions you are entitled to. You'll also learn how to keep accurate, thorough records in case the newly beefed-up IRS comes calling.