Tax Savvy for Small Business

Create a business tax strategy that will save you time, energy and money

Getting your tax matters on track will free up your time to do what really counts: run a profitable business. Tax Savvy for Small Business shows you how to:

deduct operating expenses

deduct travel, vehicle and entertainment expenses

take advantage of tax credits

write off long-term assets

compare business structures

keep solid business records, and

handle an IRS audit.

This completely updated edition of Tax Savvy for Small Business explains the latest tax breaks and IRS rules and forms.

Includes the top business deductions--the best ones to take and how to claim them.

All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners' taxes for 2018 and later. A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.