Tax Savvy for Small Business

The essential small business tax strategy book for the savvy entrepreneur

Named a "Best Tax Book" by Entrepreneur magazine

Understanding the tax system is vital to the health of every small business. Virtually every decision a business makes has tax consequences that can affect its bottom line -- and the IRS is always watching. Develop the best tax plan for your small business, learn the ins and outs of the tax code, and create comprehensive strategies to get back the most from the IRS with this all-in-one guide.

Tax Savvy for Small Business provides essential information that will free up your time and money for what counts -- running your business effectively. Completely updated for 2011 returns, it explains how to:

choose the best business entity

deduct current and capitalized expenses

write off long-term assets

keep records that will head off trouble with the IRS

get tax breaks from business losses

deal with payroll taxes

negotiate payment plans for late taxes

handle an audit

get IRS penalties and interest reduced

maximize retirement funds

use retirement funds as a tax break

The 15th edition of Tax Savvy for Small Business is completely updated and provides the latest tax breaks, rules, forms, and publications, including substantive changes and the latest tax numbers for 2011 returns.