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Library of Congress Control Number: 2021952989
ISBN 978-1-119-86114-0 (pbk); ISBN 978-1-119-86115-7 (ebk); ISBN 978-1-119-86116-4 (ebk)
Small Business Taxes For Dummies®
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Table of Contents
1 Cover
4 Introduction About This Book Foolish Assumptions Icons Used in This Book Beyond the Book Where to Go from Here
5 Part 1: Understanding Small Business Taxes Chapter 1: Small Business Taxes 101 Valuing Year-Round Tax Planning Noting How Corporate and Individual Tax Reform Impacts Small Business Considering the SECURE ACT of 2019 and COViD-19 Relief Tax Acts Contemplating Potential Upcoming Tax Law Changes Understanding the Different Types of Taxes You Pay and Your Tax Rates Chapter 2: Making Important Business Decisions Choosing Your Business Entity Valuing Employee Benefits Chapter 3: Retirement Accounts and Investments for Small Businesses Beginning with Retirement Account Basics: Tax Breaks, Penalties, and Saving Guidelines Surveying Your Retirement Account Options Developing Realistic Investment Return Expectations Selecting Top-Notch Investments for Your Retirement Account Chapter 4: Real Estate and Your Small Business Deciding Whether to Work out of Your Home Leasing Space for Your Business Buying Business Property Chapter 5: Estate Planning Determining Your Estate’s Tax Concerns Reducing Expected Estate Taxes with a Few Strategies
6 Part 2: Ongoing Tax Jobs Chapter 6: Keeping Track of Your Small Business Revenues and Costs Establishing an Accounting System for Your Business Keeping Good Tax Records for Your Small Business Chapter 7: Form 1040 Filing Options Sizing Up the New and Improved Form 1040 Tackling the Income Lines Schedule 1: Additional Income and Adjustments to Income Adjustments to Income Nonrefundable Credits: Schedule 3 Chapter 8: Schedule C: Profit or Loss From Business Detailing Schedule C Getting the Basics Down Part I: Income Part II: Expenses Chapter 9: The Business Use of Your Home Checking Out the New, Simplified Home Office Deduction Filling Out Form 8829 Understanding the Downsides to Home Office Deductions Chapter 10: Estimated Taxes, Self-Employment Taxes, and Other Common Forms Form 1040-ES: Estimated Tax for Individuals Keeping Current on Your Employees’ (and Your Own) Tax Withholding Schedule