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• Cover
• Title page
• Copyright
• Introduction
• About This Book
• Foolish Assumptions
• Icons Used in This Book
• Beyond the Book
• Where to Go from Here
• Part 1: Understanding Small Business Taxes
• Chapter 1: Small Business Taxes 101
• Valuing Year-Round Tax Planning
• Noting How Corporate and Individual Tax Reform Impacts Small Business
• Considering the SECURE ACT of 2019 and COViD-19 Relief Tax Acts
• Contemplating Potential Upcoming Tax Law Changes
• Understanding the Different Types of Taxes You Pay and Your Tax Rates
• Chapter 2: Making Important Business Decisions
• Choosing Your Business Entity
• Valuing Employee Benefits
• Chapter 3: Retirement Accounts and Investments for Small Businesses
• Beginning with Retirement Account Basics: Tax Breaks, Penalties, and Saving Guidelines
• Surveying Your Retirement Account Options
• Developing Realistic Investment Return Expectations
• Selecting Top-Notch Investments for Your Retirement Account
• Chapter 4: Real Estate and Your Small Business
• Deciding Whether to Work out of Your Home
• Leasing Space for Your Business
• Buying Business Property
• Chapter 5: Estate Planning
• Determining Your Estate’s Tax Concerns
• Reducing Expected Estate Taxes with a Few Strategies
• Part 2: Ongoing Tax Jobs
• Chapter 6: Keeping Track of Your Small Business Revenues and Costs
• Establishing an Accounting System for Your Business
• Keeping Good Tax Records for Your Small Business
• Chapter 7: Form 1040 Filing Options
• Sizing Up the New and Improved Form 1040
• Tackling the Income Lines
• Schedule 1: Additional Income and Adjustments to Income
• Adjustments to Income
• Nonrefundable Credits: Schedule 3
• Chapter 8: Schedule C: Profit or Loss From Business
• Detailing Schedule C
• Getting the Basics Down
• Part I: Income
• Part II: Expenses
• Chapter 9: The Business Use of Your Home
• Checking Out the New, Simplified Home Office Deduction
• Filling Out Form 8829
• Understanding the Downsides to Home Office Deductions
• Chapter 10: Estimated Taxes, Self-Employment Taxes, and Other Common Forms
• Form 1040-ES: Estimated Tax for Individuals
• Keeping Current on Your Employees’ (and Your Own) Tax Withholding
• Schedule SE: Self-Employment Tax
• Form 8889: Health Savings Accounts (HSAs)
• Part 3: Getting Help
• Chapter 11: Dealing with Notices and Audits
• Understanding the Basics You’ll Find on an IRS Notice
• Assessing Assessment Notices
• Handling Non-Assessment Notices
• What You Should Know about Audits
• Correcting IRS Errors
• Amending a Return
• Taking Action Even When You Can’t Pay Your Taxes
• Reducing Your Chances of Being Audited
• Chapter 12: Keeping Up with and Researching Tax Strategies and Rules
• The Benefits of Preparing Your Own Return
• Using IRS Publications
• Buying Software
• Accessing Internet Tax Resources
• Hiring Help
• Chapter 13: Paying for Tax Help
• Deciding to Hire Tax Help
• Finding Tax Advisors
• Interviewing Prospective Tax Advisors
• Part 4: The Part of Tens
• Chapter 14: Ten+ Useful Apps and Software Packages for Small Business Tax Issues
• Tracking Expenses with Expensify
• Processing Sales with Square
• Managing Transactions with EMS+
• Marking Miles with MileIQ
• Managing Your Accounting with QuickBooks
• Handling Accounting and Invoicing with FreshBooks
• Preparing Taxes with TurboTax Self-Employed
• Completing Taxes with H&R Block Tax Preparation and Filing Software
• Chapter 15: Ten Often Overlooked Tax Reduction Opportunities
• Invest in Wealth-Building Assets
• Fund Some Retirement Accounts
• Contribute to a Health Savings Account
• Work Overseas
• Calculate Whether a Deduction Is Worth Itemizing
• Trade Consumer Debt for Mortgage Debt
• Consider Charitable Contributions and Expenses
• Scour for Self-Employment Expenses
• Married Couples Should Crunch the Numbers on Filing Separately
• Tax Breaks for Minority Owned Businesses and Those in Low-Income Areas
• Chapter 16: Ten Resources to Turn to After Reading This Book
• To Develop a Good Business Plan and Improve Your Small Business
• To Whip Your Finances into Shape
• To Select the Best Business Entity
• To Set Up an Accounting and Financial Management System
• To Hone Your Investment Savvy for Your (and Your Employees’) Retirement Funds
• For Help with Payroll Regulations and Employee Tax Withholdings
• To Dig Deeper into IRS Rules and Regulations
• To Deal with IRS Collection Efforts
• For More Detailed Advice about All Aspects of Your Income Tax Return
• For Assistance in Preparing Your Income Tax Return
• Index
• About the Author
• Advertisement Page
• Connect with Dummies
• End User License Agreement