A tax attorney offers tips to small business owners on ways they can save on their taxes and leverage key tax advantages and deductions under the Tax Cuts and Jobs Act. Illustrations.
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Reduce your taxesDeduct It! shows you how to maximize your business deductions—quickly, easily, and legally. Whether your business is just starting or well established, this book is indispensable to your financial success. It covers deductions for:start-up and operating expensestravel and mealshome officesmedical expenses equipment and inventoryand more.Learn about new tax rules under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and how they affect small business owners. The book also covers everything you need to know about the 20% pass-through deduction. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over.This edition is updated to cover changes under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
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