Self-employed Tax Solutions: Quick, Simple, Money-Saving, Audit-Proof Tax and Recordkeeping Basics for the Independent Professional [Paperback]

June Walker (Author)

Book Description

Series: Self-Employed Tax Solutions: Quick, Simple, Money-Saving, | Publication Date: January 1, 2005

A how-to book of practical know-how for the some 25 million Americans who are self-employed -- about business deductions, easy recordkeeping, estimated taxes, pension plans -- everything an independent professional needs to know about the tax consequences of his or her business.

Editorial Reviews

From the Back Cover

Save Time, Anxiety, Stress-and Money!

Whether you call yourself a sole proprietor, freelancer, subcontractor, or free agent, if you're self-employed or planning to start your own business, you need this book. With straightforward language, concrete examples, and easy-to-use worksheets, author and accountant June Walker tackles the most vexing problems facing the self-employed: inadequate recordkeeping and tax ignorance. Her Most Simple System has been designed for you, the indie. It is simple, quick, and audit proof-a recordkeeping method that works, and a guide through the tax maze that ends with more money in your pocket, and less money going to the government.
Armed with the author's unique copyrighted worksheets, you'll capture every single business deduction, keep concise records so that accounting and tax preparer fees are reduced, and-best of all-do it quickly and easily.
Self-employed Tax Solutions is written for bright, intelligent people who don't understand the tax implications of their solo ventures. This indispensable book will help you survive and succeed in a business environment where the tax laws and regulations are structured not for indies but for corporations and employees.

You'll learn . . .
how to prove to the IRS that your endeavor is a business, not a hobby
how start-up costs differ from other deductions
how to deduct travel expenses
when a gift to Mom can be a legitimate business deduction

how to make estimated tax payments
the advantages of sole proprietorship
why you should not incorporate
hundreds of vital details about taxes, finances, and recordkeeping

About the Author

June Walker has been a financial and tax consultant specializing in the self-employed for more than two decades. Her clientele includes people in the arts, psychologists, computer techies, carpenters, coaches, and a broad range of entrepreneurs throughout the United States and Europe. A sought-after speaker, June conducts popular seminars focusing on educating the independent professional in financial basics, tax choices, and quick and easy recordkeeping.

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Product Details

• Paperback: 240 pages
• Publisher: Globe Pequot; 1st edition (January 1, 2005)
• Language: English
• ISBN-10: 0762730714
• ISBN-13: 978-0762730711
• Product Dimensions: 9 x 7.3 x 0.7 inches
• Shipping Weight: 14.4 ounces
• Average Customer Review: 4.3 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #283,817 in Books (See Top 100 in Books)
  • #80 in Books > Business & Investing > Skills > Bookkeeping

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Customer Reviews

Most Helpful Customer Reviews

48 of 49 people found the following review helpful:

5.0 out of 5 stars A great book for a new Sole Proprietor!, January 9, 2005

By 

Paul D. Gregg "pixphys" (Palo Alto, CA USA) - See all my reviews
(REAL NAME)   

This review is from: Self-employed Tax Solutions: Quick, Simple, Money-Saving, Audit-Proof Tax and Recordkeeping Basics for the Independent Professional (Paperback)

This book is a fun and great read!

I met June Walker via Google. I had a tax question about reimbursements from a client and went searching online. I found a great article on June Walker's website explaining the solution to the exact tax sitiuation I was in! I also found out that she had a book coming out soon, and after reading the tax explanation for my problem on her website, I knew I had to have her book.

After I recieved it, I couldn't put it down. All the tax myths I had heard about being an individual in business were suddenly cleared up by June Walker using lots of easy to understand, real life examples.

June Walker obviously has lots of experience with a diverse group of clients and is able to sum up the tax problem they were having and the solution she provided for them quickly and clearly.

If you are an individual and are ready to start your own business but fear the IRS and tax burden, get this book. It will rid you of the anxiety of keeping tax records for your own business and get you on the right track for providing clear simple tax records for your new business!

29 of 29 people found the following review helpful:

5.0 out of 5 stars Awesome for any Indie Business, April 1, 2005

By 

Honus Wagner "Bruteslayer" (New York, NY) - See all my reviews

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This review is from: Self-employed Tax Solutions: Quick, Simple, Money-Saving, Audit-Proof Tax and Recordkeeping Basics for the Independent Professional (Paperback)

This book has been a real help. I recently started my own online company (SP not INC thanks to June!) and I don't know where I would have gotten this information were it not for this book. It is an easy read (unheard of for a tax book!) and tells you all you need to know to file your business income taxes and save yourself a ton of money in the process. It's your money, not the government's, so save your receipts and save some of it for yourself!

29 of 31 people found the following review helpful:

4.0 out of 5 stars A Few Issues but Holding a Few Gems Too, December 23, 2006

By 

Lisa Shea "medieval swordfighting enthusiast" - See all my reviews
(HALL OF FAME REVIEWER)    (VINE VOICE)    (TOP 50 REVIEWER)   

This review is from: Self-employed Tax Solutions: Quick, Simple, Money-Saving, Audit-Proof Tax and Recordkeeping Basics for the Independent Professional (Paperback)

I pretty much never comment about the font a book is done in, but let me start out my review by saying that this book had the oddest font choice I've seen. The letters were very thin, squarish, and actually hard to read against the white. It made me realize just how important something like font can be in a book.

So, on to the content. This book is written by a self-employed person, for self-employed people, to help them manage their records for taxes. She doesn't want you to DO your taxes - she wants you to hire someone, like her, to do them for you :). She just wants you to be informed about what is going on, and to perhaps help prod your tax person along if they're not very good.

In case you were thinking this book was a mere "nice to have", she says in her introduction that "Such complications [of not handling this properly] could prove fatal to your enterprise." I love it how books say "you must buy me or you will DIE A HORRIBLE DEATH!!!" A page later, she promises "If you use this method, you will never miss a tax deduction" which I sort of doubt :) So this book has already hit a few of my buttons in book reading - threatening certain doom if I don't get the book, promising the moon, and being hard to read :)

Much of the first part of the book focusses on whether you should go into business for yourself, what it means to be self employed, and whether you should be a DBA, Sole Proprietor, LLC, etc. Hopefully anybody looking for tax solutions has already gone through those stages and isn't looking for all their information on these important decisions in a few pages of a tax book.

But on to the meat. When you get into the realm of *taxes*, the book really does well. It explains the difference between personal gifts (tax deductible up to $25 per person per year), entertainment expenses, free giveaway items (pens etc), charity donations, and more, in very clear language.

The book goes into travel deductions, home office deductions, leasing and buying equipment. It gives a ton of examples. Some people might find them annoying - I admit that many of them are quite silly. Still, it's easy enough to skip over them if you're not into cutesy examples, but if they help you absorb a concept, they are there for you to read.

Like with any business book, there are a lot of very common sense things in here - but a few very key tips. The interesting thing is of course that depending on who reads it, they might find different things to be fascinating vs well known. Something that one person says "of course" to, someone else might say "That'll save me thousands!" So it's good that all bases are covered in here.

Well recommended as a book to at least get out from your local library, or to get and share around your network of business-owning friends. It's not a book that I need to sit on my library shelf, but it was worthwhile to read and glean a few important tidbits from. I'll now pass it along to other business owners to let them pick out their own gems.