JK Lasser's Small Business Taxes 2006

Book excerpt: The tax facts and strategies every small business owner shouldknow Owning a small business is a big responsibility. While many smallbusiness owners seek to improve their bottom line, few realize allthe ways that both current and new tax laws can help them do so.With J.K. Lasser's Small Business Taxes 2006 you can learnhow. J.K. Lasser's Small Business Taxes 2006 gives you a completeoverview of small business tax planning in a straightforward andaccessible manner. Focusing on strategies that help you usedeductions effectively, shield business income, and maximize otheraspects of small business taxes, this practical guide will show youhow your actions in business today can affect your bottom line froma tax perspective tomorrow. In this fully updated volume, you'll find: * Detailed coverage of new tax laws and IRS rules * Planning strategies that can help you run a tax-smart businessall year long * Comprehensive information on each deductible expense, includingdollar limits and record-keeping requirements * Clear instructions on where to report income and claim deductionson your tax forms * Sample forms and checklists to help you prepare for taxtime * Help with state taxes and a guide to information returns you mayneed to file * Planning strategies that can help you run a tax-smart businessall year long Filled with in-depth insight and practical advice, J.K. Lasser'sSmall Business Taxes 2006 proves you don't have to be a tax expertto make smart tax decisions.