Deduct It!: Lower Your Small Business Taxes - Softcover

"For more information on how to handle inventory and write off the cost of goods, see, Deduct It! Lower Your Small Business Taxes." San Francisco Chronicle

"Delves deeply into the complex thicket of available deductions, with real-life examples on deducting everything." Accounting Today

"Every small business enterprise must deal with the issue of local, state, and federal taxes. Now in a newly revised and completely updated tenth edition, "Deduct It!: Lower Your Small Business Taxes" by tax expert Stephen Fishman is a superbly well organized and presented, 544 page, 'user friendly' instruction manual covering every aspect of small business taxation including deductions for start-up and operating expenses; travel, meals and entertainment; home offices (including new IRS rules); health care; equipment and inventory, and so much more. Offering a wealth of information, tips, strategies, legal forms, and FAQs, "Deduct It!: Lower Your Small Business Taxes" should be considered essential reading and an invaluable reference for all small business owners and entrepreneurs!" The Midwest Book Review

"Exceptionally well written, organized and presented, this fully updated and expanded twelfth edition of "Deduct It!: Lower Your Small Business Taxes" should be considered essential and mandatory for any and all businesses from the newest entrepreneurial venture to established multinational corporation. Of special note is that "Deduct It!" comes with a companion web site at Nolo Press that business operators can stay current with legal updates to "Deduct It!," as well as hundreds of valuable articles and FAQs, useful legal forms, and in-depth profiles of business and tax lawyers in whatever area of the country the reader resides. Thoroughly 'user friendly' from beginning to end, "Deduct It!" is very highly recommended for professional, corporate, community, and academic library Business & Economics reference collections in general, and Small Business supplemental studies lists in particular. " Dunford's Bookshelf, MBR Bookwatch

"Outlines the many deductions available to small businesses--in plain English." National Federation of Independent Business

Reduce your taxes

Completely updated for 2017 returns!

Deduct It! shows you how to maximize your business deductions quickly, easily and legally. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over. It covers deductions for:

• start-up and operating expenses
• travel, meals, and entertainment
• home offices
• medical expenses under Obamacare
• equipment and inventory
• and more.
  

Deduct It! shows you how to avoid problems with the IRS, such as having your business classified as a hobby. Whether your enterprise is just starting or well established, this book is indispensable to your financial success.

If the tax laws change, we will post updates on a special page on Nolo.com. That way, you’ll always have access to up-to-date information if there are significant changes to the law.

All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners’ taxes for 2018 and later. A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.