The book is organized into practical, easy-to-use categories of the most commonly-used business deductions for professionals who own their practice. It covers start-up expenses, health care costs, continuing education, professional fees, home office, and more.
Table of Content
Introduction
1. Tax Deduction Basics
2. Choice of Business Entity
3. Operating Expenses
4. Meal and Entertainment Expenses
5. Car and Local Travel Expenses
6. Long Distance Travel Expenses
7. The Home Office Deduction
8. Deductions for Outside Offices
9. Deducting Long-Term Assets
10. Start-Up Expenses
11. Medical Expenses
12. Retirement Deductions
13. Inventory
14. More Deductions
15. Hiring Employees and Independent Contractors
16. Professionals Who Incorporate
17. How You Pay Business Expenses
18. Staying Out of Trouble With the IRS
19. Record Keeping and Accounting
20. Help Beyond This Book
Index
About the author
Stephen Fishman has dedicated his career as an attorney and author to writing useful, authoritative, and recognized guides on business, taxation, and intellectual property matters for small businesses, entrepreneurs, independent contractors, and freelancers. He is the author of 20 books and hundreds of articles, and has been quoted in The New York Times, Wall Street Journal, Chicago Tribune, and many other publications. Among his books are Every Landlord’s Tax Deduction Guide, Deduct It! Lower Your Small Business Taxes, and Working for Yourself: Law & Taxes for Independent Contractors, Freelancers & Gig Workers of All Types, published by Nolo