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Small Business Tax Deductions

The Definitive Guide to Saving More Tax in 2008

By Nick Braun PhD

Here's a simple but very profitable formula:

Dozens of extra business tax deductions = $1000s more in your pocket.

That's exactly how this unique guide will help you - it shows you how to claim a massive number of extra small business tax deductions and boost your income by possibly thousands of dollars.

Small Business Tax Deductions uncovers all of the best tax deductions - including the closely guarded secrets of tax pros. It also shows you how to "deduct your pleasure" - all the things that are legitimate business deductions... but you enjoy spending money on anyway!

This guide is essential reading for:

• All small business owners (whether you're home-based or work out of premises).
• Sole proprietors
• Consultants and freelancers
• Owners of LLCs and S-Corps
• Partnerships
• Part-time business owners

What Information is Contained in the Small Business Tax Deductions Guide?

Small Business Tax Deductions is completely up-to-date and contains dozens of useful examples and tax planning tips.

The guide contains the following:

• Comprehensive checklists of tax deductions – to make saving tax easy!
• Little-known tax deductions – overlooked by even seasoned business owners.
• The very latest IRS tax deduction rules... and how to make the most of them.
• Year end tax planning tips – how to slash your tax bill at the last minute.
• How to deduct your personal enjoyment – meals, travel, entertainment and more!
• Entertainment – a plain English guide to the IRS rules PLUS a detailed list of the many entertainment expenses you can claim.
• How to claim 100% (not the usual 50%) of your entertainment in certain circumstances.
• Everything you need to know about saving tax by putting your spouse and children on the payroll.
• How to convert personal and holiday travel into tax deductible business travel.
• A long checklist of the many expenses you can claim when you travel on business.
• Depreciation – How it’s calculated and how to maximize it (including on ‘mixed-use’ assets purchased for business and personal use).
• How to claim an instant tax deduction of up to $112,000 on equipment purchases.
• How to make sure your business is not classified as a hobby.
• Starting a business, buying a business or expanding – exactly what deductions you can claim.
• How to maximize your driving tax deductions (including over half the cost of buying an SUV).
• Standard mileage versus actual auto expenses – case studies showing which method pays off and when.
• What you have to do to qualify for the generous home office tax deduction.
• A detailed list of home office expenses you can claim.
• Retirement plan deductions – How to save thousands of dollars more in tax with a small business IRA.
• How to deduct subscriptions, seminars, books, magazines and other things that interest you.
• Insurance expenses – there’s a long list of insurance expenses you can claim... and they’re all tax deductible.
• How to make your gifts tax deductible.
• How to claim expenses from a previous tax year by amending your tax return.
• Medical expenses - How to increase your deductions with a Medical Reimbursement Plan.
• How to stay out of trouble with the IRS.