Taxes for Small Businesses, Simplified Are you exposing your small business to needless risk? | #1 AMAZON BEST SELLER FOR SMALL BUSINESS TAXES | It's no secret that when it comes to small businesses, the US tax code is difficult to navigate. Errors and oversights can result in costly audits and fines. As a small business owner, you know how even the slightest unexpected cost can wreak havoc on your bottom line. Having a handle on the tax situation of your business can mean the difference between a profitable year and one that is spent in the red. A business that neglects its taxes is a business living on borrowed time. Getting your business on the right side of its tax burden is easier than you think. To stay in the good graces of the IRS your business needs a tax strategy. You owe it to yourself as an entrepreneur to cross your t's and dot your i's so that you can focus on the stuff that matters. What's the stuff that matters? Growing your business, thrilling your customers, and reaching new heights of revenue growth and profitability. When you're sweating your tax situation, doing the stuff that matters is harder than it needs to be. Without laying the groundwork for an effective and sensible small business tax strategy, your focus will be drained sweating the details when your time could be better spent turning your small business into a success. Join thousands of other entrepreneurs and small business success stories in deciphering the complexities of small business taxes. This insightful and actionable QuickStart Guide from ClydeBank Business simplifies the notoriously difficult small business tax code for US-based entrepreneurs. Boost your tax IQ, learn how to stay ahead of the game, and save your time and energy for where it really counts: growing your business. This QuickStart Guide from ClydeBank Business will help you lay the groundwork of a sustainable business tax strategy. You'll learn how to proactively minimize your tax obligations and how to maneuver your way out of trouble should you ever fall behind. The best-selling Taxes for Small Businesses QuickStart Guide has already helped countless small business owners and managers boost their tax IQs and protect their bottom lines. It takes an easy-to-understand approach, so you don't need to be a CPA to comprehend this guide to navigating the world of taxes for small businesses. **New** Your purchase comes with free lifetime access to our collection of relevant digital assets. These guides, summaries, checklists, and cheat sheets enhance your learning journey and supplement this QuickStart Guide. You'll Learn...
How Your Business Entity Type Affects How You're Taxed How to Capitalize on the (Surprisingly) Humane Tendencies of the IRS How to Exercise Your Rights and Survive an IRS Audit How Multiple Levels of Government Authorities Can Tax Your Business How to Convert Your Administrative Tax Burden into Real Business Value How to Best Manage Your Business
This book isn't bad, just a little lightweight. It admittedly provided me with a framework for doing our first LLC-based taxes but I've had to find out the hard way -- really hard way -- about some things that weren't covered or weren't sufficiently covered. A good place to start, but if your startup LLC has some complexity to it, be prepared to discover some things this book doesn't prepare you for. I'd buy it again if starting over just for, like I said, a basic framework, and of course it's impossible for this type of book to cover every type of contingency, but I'd be looking for a more comprehensive resource to refer to when done with this one ... and consider hiring a good business accountant.
This read/reference was just what I needed. It helped with my mental construct on how a business looks and gave me the vocabulary that I could then use with our accountant: "What is meant by X?" and "How can we do Y?" Lacking so much critical vocabulary when starting up your own business can be a hindrance because you don't even know how to structure a question that doesn't just sound like "Help! I need Help! Who can Help me? What's the help I need? I don't know what I'm doing here, can someone help me?" You really want to craft a better question to get the answers you'll need. This book helped me to that end. My thanks to the authors Clyde Bank Business.
The is truly an overview that will quickly summarize the basic of business taxes.
If your LLC is complex, you already started your business, and your looking for information geared towards your business. Don’t get this book.
If your pressed for time and want to know the basics right away and expect to do further research and pay for additional books. Then I guess you can get it🤷🏽♀️
I gave it two stars because I don’t feel it’s a necessary book, you can get another tax book that will go over everything in detail.