Download or read book Tax Planning Strategies for the Self Employed written by CPA Cataldo and published by Booklocker.com. This book was released on 2002-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. self-employment tax is 15.3%. This is in addition to federal and state income taxes.
Download or read book Tax Planning Strategies for the Self Employed written by Anthony J. Cataldo, II and published by . This book was released on 2001-01-18 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tried and true tax-planning strategies to help the taxpayer get the most out of income tax.
Download or read book Tax Planning Strategies written by CCH Tax Law Editors and published by . This book was released on 2005 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax Planning Strategies: Tax Savings Opportunities for Individuals and Families (2005-2006)-formerly published as Year-End Tax Strategies-Is ideal for gaining a clear understanding of many tax planning approaches and techniques that may yield substantial tax savings for individuals. This helpful booklet focuses on the income tax issues that need to be addressed throughout the year, as well as retirement and estate planning strategies.
Download or read book Tax Planning Strategies written by CCH Editorial Staff Publication and published by CCH. This book was released on 2007-08 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major new tax laws aimed at boosting the economy, addressing rising health care costs and providing tax relief have created numerous tax planning opportunities-and challenges. Tax rates and other changes that phase in and phase out between now and 2010 make mid- and long-term financial planning difficult and more tax-driven than ever before. Sound tax guidance and planning is essential to maximize many of the available tax benefits and avoid tax pitfalls.
Download or read book J K Lasser s Guide to Self Employment written by Barbara Weltman and published by John Wiley & Sons. This book was released on 2013-10-21 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax facts and strategies every self-employed person needs to know If you're thinking about starting a business, or have already begun one, you are not alone. There are more than 23 million workers who are already self-employed and file Schedule C to report their income and expenses. As a self-employed person you have to handle many, if not all, of the aspects of running your business. J.K. Lasser's Guide to Self-Employment is intended to help you with some business aspects with which you may not be familiar—but which have a great impact on your bottom line. It skillfully focuses on taxes as well as many legal and financial matters that may pertain to your business. Informative and accessible, J.K. Lasser's Guide to Self-Employment is designed for you, the self-employed person working alone as a service provider, to help pin down all of the tax breaks to which you may be entitled. Divided into three comprehensive parts, this reliable resource will help you: Learn the basics of tax reporting: from what it means to be self-employed and an overview of what you have to report—as well as where and when—to becoming familiar with Schedule C Discover the various types of deductions and credits you can claim to reduce revenue that's taxed Become familiar with an array of planning strategies that you can use to make better business decisions throughout the year as well as other strategies you can employ as your business grows And much more Don't be intimidated by taxes and other responsibilities of being self-employed. Instead, embrace the opportunities that a better understanding of tax, legal, and financial responsibilities can produce. Let J.K. Lasser's Guide to Self-Employment show you how. Don't forget to view the free online supplement to this book at JKLasser.com for late tax changes made by Congress and other up-to-the-minute developments.
Download or read book Navigating the IRS written by Cleo Pfunde and published by Independently Published. This book was released on 2023-11-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a contractor, you have a unique tax situation that requires careful consideration and planning in order to maximize your financial position. It is crucial to understand the tax deductions that are available to you, adhere to IRS guidelines, and implement effective tax planning strategies, as these can have a significant impact on your overall profitability. "Navigating the IRS: Tax Planning Strategies for Independent Contractors" serves as a comprehensive guidebook tailored to the specific tax needs and challenges faced by independent contractors. Authored by tax professionals, the book delves into intricate strategies and insights, empowering freelancers, consultants, and self-employed individuals to optimize their tax planning. It comprehensively covers the nuances of tax law relevant to independent contractors, elucidating deductions, credits, and compliance essentials essential for reducing tax liabilities while remaining fully compliant with IRS regulations. With a clear, accessible tone, the book offers practical advice on record-keeping, expense management, retirement planning, and understanding the intricacies of self-employment taxes. It not only elucidates the intricacies of the tax code but also equips independent contractors with proactive approaches to navigate audits and inquiries effectively. By focusing on the unique needs of independent contractors, "Navigating the IRS" presents a tailored approach to tax planning. Its detailed explanations and actionable strategies serve as a roadmap, helping self-employed individuals make informed financial decisions while maximizing their tax benefits. Through real-world examples and scenarios, the book demystifies complex tax jargon, enabling readers to develop a clearer understanding of tax laws and utilize this knowledge to their advantage. Ultimately, the book stands as an indispensable resource, empowering independent contractors to navigate the IRS landscape confidently and optimize their financial well-being.
Download or read book J K Lasser s Guide to Self Employment written by Barbara Weltman and published by John Wiley & Sons. This book was released on 2019-12-04 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: What every self-employed person needs to know about their taxes! If you’re self-employed, chances are the majority of your time is spent finding new customers or clients, servicing existing ones, and handling each and every aspect of your business. Freelancers, independent contractors, gig economy participants, and other individuals working for themselves need to be aware of their responsibilities when it comes to paying their taxes. Even if you have an accountant or use tax preparation software, you may not be aware of all the deductions and credits you are entitled to. That’s where the experts at J.K. Lasser come in. The second edition of J.K. Lasser's Guide to Self-Employment helps you file your taxes correctly, accurately, and on time. Using clear, jargon-free language, this bestselling guide explains the legal and financial implications of self-employment and shows you how to keep as much of your hard-earned money as legally possible. You will learn the essentials of tax reporting and see what types of valuable tax-saving deductions and credits you can claim. Fully updated to reflect changes in the tax code, this new edition features practical examples, easy-to-use worksheets, real-world tips, expert advice, and much more. A must-have resource for anyone who fills out a Schedule C at tax time, this book: Offers effective strategies for reducing your tax bill and increasing your cash flow Presents a detailed overview of the Schedule C that explains when, where, and what to file Explains how to protect yourself on a tax-advantaged basis with insurance, health coverage, and retirement plans Features advice on growing your business through technology and education programs Provides new and updated information on the qualified business income deduction, getting certified for government contracts, recent legislation that protects freelancers, and more Don’t let being a solopreneur and filing your taxes be a source of stress and anxiety for you and your business. J.K. Lasser's Guide to Self-Employment: Taxes, Strategies, and Money-Saving Tips for Schedule C Filersis here to help.
Download or read book Tax Strategies for the Self employed written by Julia K. Brazelton and published by . This book was released on 2000 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Power for the Self Employed written by James O Parker and published by Sphinx Publishing. This book was released on 2006-12-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keep more of what you earn for yourself. Tax Power for the Self-Employed addresses the specific and particular tax laws and regulations facing a self-employed individual. Unlike other small businesses, it focuses on the individual who either runs a single-person small business (or one with an otherwise limited number of employees) or the person who does something to make extra money that he or she may consider a hobby or side job, but from which the IRS expects tax to be paid. Discussions of specific concern to the self-employed person include Schedule C deductions, with particular emphasis on changes in Sec. 179 deductions that target self-employed individuals for increased capital investments. Additional attention is placed on strategies for taking deductions to lower income subject to the self-employed tax, a totally separate tax from income tax. An entire chapter is devoted to the self-employment tax and Schedule SE. With the latest IRS rules, regulations and decisions, as well as tax-planning strategies, any self-employed individual can feel confident that they are meeting all of their tax requirements while maximizing their tax savings.
Download or read book Tax Planning Strategies written by CCH Incorporated and published by . This book was released on 2003 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business Taxes For Dummies written by Eric Tyson and published by John Wiley & Sons. This book was released on 2019-02-12 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small business taxes taxing you out? For most business owners, their single biggest “expense” (and headache) is dealing with their taxes. And while the just passed Congressional tax bill reduced taxes for many of the estimated 30 million small business owners in the U.S., the nation’s taxes continue to be complex. Not being up-to-speed on tax rules and strategies can lead to mistakes that cost business owners thousands of dollars in fines and penalties every year. Small Business Taxes For Dummies assists both current and aspiring small business owners with important tax planning issues, including complete coverage of the tax changes taking effect in 2018, creating an ongoing tax routine, dealing with the IRS, and navigating audits and notices. Includes issues influencing incorporated small businesses, partnerships, and LLCs Offers expanded coverage of other business taxes including payroll and sales taxes Provides websites and other online tax resources Gives guidance to millennials juggling multiple gigs If you’re a current or aspiring small business owner looking for the most up-to-date tax planning issues, this book keeps you covered.
Download or read book Tax Planning Strategies 2014 2015 written by CCH Tax Law and published by . This book was released on 2014-08-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains tax planning techniques for individuals and businesses. It focuses on individual income tax issues, business planning, self-employed and retirement strategies, investment decisions and estate planning. The latest individual income tax rates, a deductions checklist and a tax calendar are included.
Download or read book Tax Strategies for the Self Employed written by Bradford & Company Incorporated and published by . This book was released on 2005-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Planning and Preparation Made Easy for the Self Employed written by Gregory L. Dent and published by Wiley. This book was released on 1995-12-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: All the information you need to file quickly, correctly, and take advantage of the tax opportunities that self-employment affords Written by two experts, this invaluable guide is specifically geared to meet your needs as part of America's rapidly growing segment of self-employed taxpayers. This book puts complicated tax jargon into everyday language you can understand. You'll find dozens of money-saving tips, along with practical advice for long-term strategic planning; actual, usable tax forms that are often difficult to find; and line-by-line instructions on how to file Schedules C, C-EZ, SE, and Forms 1040ES and 8829. Discover the answers to a myriad of tough questions that can cause problems at tax time, including: When can you safely claim a home office deduction? What kind of records should you keep in case there's an audit? How should you depreciate office equipment? What key considerations are important in choosing a retirement plan? And more! Tax Planning and Preparation Made Easy for the Self-Employed also includes: Usable tax forms Depreciation worksheets Standard meal allowance chart for business travel Property class tables
Download or read book 30 Minutes With a Certified Public Accountant Effective Tax Planning for the Microbusiness written by Michael T. Hanley and published by Hanfield Publishing Group, Incorporated. This book was released on 2009-04 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax planning is a key element in running a successful business. An effective tax plan for a business owner can be as valuable as an effective business plan. Effective Tax Planning for the MicroBusiness is devoted to tax savings, tax deferral, and tax planning strategies for the small business owner and self-employed individual with $1 million or less in annual sales/revenue. These strategies have been boiled down into their key elements and presented in a simple, easy-to read format. As part of the "30 Minutes With..." book series, this book is meant to be read in 30 minutes. The "30 Minutes With..." series was designed to fill the needs of a fast-paced world in which time is the most valuable commodity. The goal of the series is to present existing information in a concise format, giving readers a comprehensive overview of a topic in a single 30 minute reading session.
Download or read book The Tools and Techniques of Income Tax Planning 7th Edition written by Stephan Leimberg and published by . This book was released on 2020-06-26 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the passage of the SECURE Act in late 2019 and the recent COVID-19 legislation, financial advisors, planners, and insurance professionals are in need of up-to-date, reliable tools and expert insights into income tax planning techniques. Every area of tax planning covered in this book is accompanied by the tools and techniques you can use to: Help your clients successfully navigate the latest income tax rules and regulations; Quickly simplify the tax aspects of complex planning strategies; and Confidently advise your individual clients as well as small- and medium-size business owners. New in the 7th Edition: New chapters on the SECURE Act and COVID-19 legislation Details on IRS an DOL regulatory changes Updated advice on retirement planning issues, including COVID-19 hardship distributions, changing RMD requirements, and new contribution rules Coverage of new rules eliminating the "stretch IRA" and planning advice to help clients meet their estate planning goals Litigation updates Topics Covered: SECURE Act and COVID-19 legislation HSA eligibility Contribution limitations HSA deductions Tax reporting Employer contributions Comparability testing Testing periods Use by self-employed individuals HRAs and FSAs And more! See the "Table of Contents" section for a full list of topics As with all the resources in the highly acclaimed Leimberg Library, every area covered in this book is accompanied by the tools, techniques, practice tips, and examples you can use to help your clients successfully navigate the complex course of income tax planning and confidently meet their needs.
Download or read book Tax Strategies for the One Person Business written by Christopher J. Inglese and published by . This book was released on 2009-10-19 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: You may think that your present tax accountant (assuming you have one) is providing you with all of the tax advice you need. You should think again. The typical tax preparer, and even the average CPA, lacks the graduate tax education and/or professional experience needed to advise you of all the tax-saving strategies available to the one-person business. Most tax preparers spend their time just recording the past and filling out tax forms. Unfortunately, you are ultimately responsible for reducing your own taxes. Here are just a few examples of how this book might help save you hundreds, if not thousands, of tax dollars each year:+ Determine whether your business should incorporate or if your LLC should elect to be taxed as a C or an S Corporation.+ Save self-employment tax (payroll tax) by paying yourself a low, but reasonable, S Corporation salary.+ Contribute up to 100% of your earnings, or your employee-spouse's earnings, to a one-person 401k plan.+ Avoid estimated tax filings and penalties by having the "safe harbor" amount of taxes withheld from your salary.+ Consider a Section 444 fiscal year-end election to possibly defer taxes and improve personal tax planning.
