When does nontaxable business income become taxable? How do you calculate the cost of goods sold? What can be deducted? What is a fixed asset? This no-nonsense guide answers these common questions and more, empowering small business owners to understand how and why they are taxed and maximize their deductions. You'll learn when depreciation begins, how to classify payments to employees, how to track inventory and sales, and strategies for successful accounting.
Coverage also includes:
Taxes can...Read more
- Tax benefits for employers
- Business classifications
- S corporation tax issues
- Deductible expenses
- Retirement plans
- Shareholder loans
- Family employee payroll
- And more
When does nontaxable business income become taxable? How do you calculate the cost of goods sold? What can be deducted? What is a fixed asset? This no-nonsense guide answers these common questions and more, empowering small business owners to understand how and why they are taxed and maximize their deductions. You'll learn when depreciation begins, how to classify payments to employees, how to track inventory and sales, and strategies for successful accounting.
Coverage also includes:
Coverage also includes:
- Tax benefits for employers
- Business classifications
- S corporation tax issues
- Deductible expenses
- Retirement plans
- Shareholder loans
- Family employee payroll
- And more
- ISBN10 158115920X
- ISBN13 9781581159202
- Publish Date 25 October 2012
- Publish Status Active
- Publish Country US
- Publisher Skyhorse Publishing
- Imprint Allworth Press,U.S.
- Format Paperback (US Trade)
- Pages 240
- Language English