Tax Smarts for Small Business

Accessible by anyone, it provides the reader with the latest IRS rules and answers everyday tax-related questions. It explores the IRS's definition of income and how to lower yours through expense deductions, tax credits and depreciation. It also answers the frequently asked questions surrounding withholding and paying taxes—a trouble area for many small businesses. Its extensive glossary of financial and tax terms makes it an easy-to-understand and essential reference for every small business owner's bookshelf.