Deduct It!: Lower Your Small Business Taxes (Twenty Second)

Stephen Fishman

Book cover for Deduct It!: Lower Your Small Business Taxes (Twenty Second)
Book cover for Deduct It!: Lower Your Small Business Taxes (Twenty Second)

Deduct It!: Lower Your Small Business Taxes (Twenty Second)

Deduct It!: Lower Your Small Business Taxes (Twenty Second)

Stephen Fishman

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Description

Take all the business tax deductions you're due


Small business owners can qualify for many tax deductions and credits, saving them lots of money. This edition covers all you need to know under new tax laws to ensure you take advantage of all the tax deductions and credits you're entitled to. Deduct It! shows you how to maximize your business deductions--quickly, easily, and legally.


This edition explains what small business owners need to know about deductions, including the home office deduction and retirement deductions. It also explains how to keep proper tax records. You'll also learn the rules for deducting startup and operating expenses, net operating losses, state income taxes with a pass-through entity, cryptocurrency given to a charity, and more. Moreover, this edition explains how business owners can protect themselves from audits.


Deduct It! is organized into practical, easy-to-understand categories of the most commonly used business deductions. It includes interesting and relevant examples so readers can see how the deductions work and the context in which they come up. This book provides the comprehensive, up-to-date tax law information that small business owners need to save money on taxes.


Understanding taxes is essential for all small business owners now more than ever. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over.

Critical Reviews

"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

Publishing Information

Publisher: NOLO
Pub date: 2025-11-25
Length: 464 pages

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