Description

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Reduce Taxes for Your Small Business

Small business owners are entitled to many tax deductions and credits, which can save them lots of money. Deduct It shows you how to maximize your business deductions--quickly, easily, and legally. This reader-friendly guide explains everything that small business owners need to know to make sure they're taking advantage of all the deductions and credits available to them under the law, including deductions and credits under COVID relief legislation. This edition also covers everything you need to know about the 20% pass-through deduction.

The book 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 edition provides the comprehensive, up-to-date tax law information that small business owners need to make sure they do everything they can to save money. Now, more than ever, understanding taxes is essential for all small business owners. Easy to read and full of real-world examples, Deduct It will pay for itself many times over.