J.K. Lasser's Small Business Taxes 2011: Your Complete Guide to a Better Bottom Line [Paperback]

Barbara Weltman (Author)

Book Description

Publication Date: November 9, 2010 | ISBN-10: 0470597259 | ISBN-13: 978-0470597255 | Edition: 1

The tax facts and strategies that every small business owner needs to know

Written in a straightforward and accessible style, this reliable resource offers a complete overview of small business tax planning and provides you with the information needed to make tax-smart decisions throughout the year.

Focusing on best business practices and strategies that help you use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes, this practical guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow.

• Includes detailed coverage of the newest tax laws and IRS rules
• Reveals strategies that can help you run a tax-smart business all year long
• Contains comprehensive information on each deductible expense, including dollar limits and record-keeping requirements
• Offers clear instructions on where to report income and claim deductions on your tax forms
• Online supplement to update developments
• Other titles by Weltman: J.K. Lasser's 1001 Deductions & Tax Breaks 2011 and J.K. Lasser's New Tax Laws Simplified 2011

While many small business owners seek to improve their bottom line, few realize all the ways that both current and new tax laws can help them do so. With J.K. Lasser's Small Business Taxes 2011, you'll quickly discover how.

Editorial Reviews

From the Back Cover

The tax facts and strategies that every small business owner needs to know for their 2010 tax return and year-round planning

Owning a small business is a big responsibility. While all small business owners seek to improve their bottom line, few realize all the ways that both current and new tax laws can help them do so. With J.K. Lasser's Small Business Taxes 2011, you'll quickly discover how.

Written in a straightforward and accessible style, this reliable resource offers a complete overview of small business tax planning and provides you with the information needed to make tax-smart decisions throughout the year. Focusing on strategies that help you use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes, this practical guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow.

In this fully updated volume, you'll find:

• Detailed coverage of the newest tax laws and IRS rules (including the HIRE Act and the Patient Protection and Affordable Care Act of 2010)

• Planning strategies that can help you run a tax-smart business all year long

• Comprehensive information on each deductible expense, including dollar limits and record-keeping requirements

• Clear instructions on where to report income and claim deductions and credits on your tax forms

• Guidance on opening or closing a business, running a sideline activity, or multiple businesses

• Help with state taxes and a guide to information returns you may need to file

• Sample forms and checklists to help you prepare for tax time

Don't forget to view the free online supplement to this book at JKLasser.com for up-to-the-minute tax law changes.

About the Author

Barbara Weltman is an attorney and a nationally recognized expert in taxation for small businesses, as well as the author of many top-selling books on taxes and finance, including J.K. Lasser's 1001 Deductions and Tax Breaks. She is also the publisher of Idea of the Day, a contributor to AOL Small Business, and is quoted regularly in major publications, including the New York Times, the Wall Street Journal, and Money magazine. Visit her at www.barbaraweltman.com

Product Details

• Paperback: 578 pages
• Publisher: Wiley; 1 edition (November 9, 2010)
• Language: English
• ISBN-10: 0470597259
• ISBN-13: 978-0470597255
• Product Dimensions: 6.3 x 1.5 x 9.2 inches
• Shipping Weight: 1.6 pounds
• Average Customer Review: 3.0 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #761,071 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

6 of 6 people found the following review helpful

3.0 out of 5 stars Useful but lacks enough detail for Self Employed & Consultants February 26, 2011

By js

Format:Paperback|Amazon Verified Purchase

I am a consultant and must pay particular attention to Schedule C and other business expense deduction forms. The book does a good job covering SMB topics broadly and does offer useful tips. However it doesn't not cover the expense categories on Schedule C in anything but broad detail - for instance, it doesnt go into any useful detail about what items should go in Office Expense, versus Supplies or Misc. Expense. The IRS docs are very unclear and antiquated in this regard and so you would hope that buying an outside book on the subject would give more clarity.

Actually the JK Lasser regular book on Your Income Taxes does a better job explaining line by line the IRS forms than this book.

I wouldn't buy the book if you a sole proprietor and are looking for specific info on how to fill out the forms. You would be better off searching for specifics on the web.

1 of 1 people found the following review helpful

1.0 out of 5 stars Out of date tax advice. April 16, 2011

By Bettie Pittman

Format:Paperback|Amazon Verified Purchase

Look at the title of this book and you think you are getting up to date information. When I saw that it was talking about 2007, 08 and 09 etc., I groaned. This book is totally worthless if you, like I, wanted a heads up on taxes for 2011.

BP

1 of 4 people found the following review helpful

5.0 out of 5 stars Smal Business Taxes 2011 was the best $17.56 investment I made for this year! February 17, 2011

By David/Cyberspace Community Developer

Format:Paperback|Amazon Verified Purchase

For the last 15 years, Barbara has (each year) written the finest compendium of Small Business Tax information available! Her simple, easily understood, language, allows the reader to find tax-saving advice on every page (578 pages for 2011!) Barbara understands the tax laws and I totally have enjoyed her business applications that helped me define valuable information to share with my CPA, so that I might be able to leverage that information to benefit my Small Business.
I am indeed, honored, that each Friday at 9:00 EST, Barbara shares her expertise with our Cyberspace Community [...] In fact, our Community chose Barbara Weltman to be our Cyberspace Advocate for Small Business 2011.
Thank you Barbara!

David Leopold
Cyberspace Community Developer