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Tax Accounting A Guide for Small Business Owners Wanting to Understand Tax Deductions [#484523]
Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations by Greg Shields
English | January 21, 2021 | ISBN: 1637161514 | 106 pages | EPUB | 0.30 Mb
If you're a business owner wanting to learn more about taxes without going through boring textbooks, then keep reading...
Benjamin Franklin once said that "in life, only two things are certain: death and taxes." He wasn't exaggerating about the latter. And because you must deal with taxes for as long as you live and earn money, you must get it right every time.
Unlike any other infractions or violations, tax-related offenses have major repercussions. At a minimum, you will pay fines and expenses. But if your tax violations are serious, you may end up in jail. Think about this: the infamous mafia gangster boss Al Capone was indicted and sent to prison not because of his violent crimes, but because of tax violations. Hence, you must take your taxes very seriously.
So, what does it take to manage your taxes successfully and avoid the massive inconveniences associated with being flagged by the Internal Revenue Service for tax violations? There are so many answers to this question, but they can be summed up in one term: tax accounting. And that is what this book is all about.
Written with non-accountant entrepreneurs in mind, this book can help you learn important tax accounting principles for ensuring optimal tax management in your business. These include:What tax accounting is.Important tax accounting guidelines.The difference between accounting and bookkeeping.How to claim tax deductions legally.How to choose the right business entity.How to manage payroll tax.Discover if you need an S corporation or a C corporation.And much, much more!
By the time you're finished with this book, you'll be armed with sufficient knowledge to ensure proper management of your businesses' income taxes.
And while you can never avoid taxes, what you'll learn here can make you and the IRS the best of friends.
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