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by David Meier (Author)
More than 150 deductions small business owners can implement to lower taxes and boost profits immediately
If you are a small business owner, missing out on important deductions can mean receiving a tax bill that puts you deep into debt. In Make Your Life Tax Deductible, tax specialist David Meier presents quick and easy tips on understanding what deductions can be legally taken and implementing them in your tax strategies. He provides more than 150 deductions in several areas, from home, car, and travel to entertainment, equipment, and more.
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Take advantage of every tax deduction-and keep more of your income!
Contrary to popular opinion, the IRS is a small-business owner's best friend-but the agency is an expert at hiding that fact in complex tax codes. The truth is, there's a good chance you've been missing out on some real money-saving opportunities. Tax specialist David Meier puts you on the path to greater profitability by stripping away the complex language in which tax laws are cloaked and communicating your tax rights in plain, easy-to-understand terms.
Make Your Life Tax Deductible provides:
- Hundreds of money-saving tax deductions in an accessible format
- A full range of categories, from travel expenses to retirement plans
- Expert advice on how to build your profits into a retirement plan
Have you been paying the IRS more than you have to?
- Structuring your business as a "sole proprietorship" (Chapter 1)
- Deducting the entire cost of your health insurance (Chapter 3)
- Detecting IRS mistakes made in the its favor (Chapter 15)
- Putting pre-tax money into an IRA (Chapter 17)
- Deducting property depreciation from your taxable income (Chapter 12)
- Offsetting taxable income with business losses (Chapter 4)
- Paying the lowest possible corporate income tax (Chapter 7)
- Using Guaranteed Payments to fund your retirement plan (Chapter 8)
- Deducting gas, repairs, and every other automobile expense (Chapter 11)
Discover these and hundreds of other write offs that can Make Your Life Tax Deductible!
Author Biography
David W. Meier is the founder of the preeminent business tax consulting group The Small Business Advantage Company and regularly holds seminars for hundreds of small-business owners. he also serves as a tax columnist for Entrepreneur.com. Visit his Web site at www.thesmallbusinessadvantage.com.
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