Publisher's Synopsis
Did you recently start a business? If you want to start a new business, do you know what type of structure you should follow to reduce taxes? Do you know how to file your taxes? Do you want to learn some tips to help you reduce the tax you pay to the government? If you answered yes to the above questions, you have come to the right place.This book is a thorough guide for both aspiring and new business owners to help them tackle business taxes. This book will shed light on how you can plan your taxes, tax credits rates, and other essential information to help you understand the importance of paying your taxes on time. Remember, if you miss deadlines, it will take a toll on your business.This book will take you through fact-checked, updated, and well-researched information to help you file taxes, reduce the taxable income and the tax bill. It will also help you learn how you can navigate through high tax rates while you sustain your position in the industry. The book contains information about:
- The different business structures and their pros and cons
- How you can navigate from one business structure to another
- Some important facts about taxation
- What should you do when you hire a tax specialist
- How much tax a small business pays
- An introduction to taxes for a sole proprietorship, partnership, and Corporation business structures
- The basics of accounting
- The essentials of bookkeeping
- Understanding Form 1040
- Tips to reduce the taxable income and the tax liability
