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    Moneybags Series 101: Seven Important Tax Questions for a Business Owner
    Moneybags Series 101: Seven Important Tax Questions for a Business Owner
    Moneybags Series 101: Seven Important Tax Questions for a Business Owner
    Ebook58 pages35 minutes

    Moneybags Series 101: Seven Important Tax Questions for a Business Owner

    By Carol Herzog

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    About this ebook

    This e-book is a small sampling of what tax advantages are available as an entrepreneurial. We discussed which business entity would be best and whether you are conducting yourselves in a business manner or treating it like a hobby. You had an opportunity to review the taxes that you might owe and how to record your income and expenses correctly. The correct reporting of your automobile records is one item the IRS constantly holds taxpayers accountable for. It is also one that is most over looked by taxpayers. Working from home has a lot of tax and personal advantages. I just read that 1 in 5 people work from home now, thanks to the internet. Lastly, how important it is to have a team of quality and qualified people on your success team. That includes a great tax accountant.

    LanguageEnglish
    PublisherCarol Herzog
    Release dateAug 31, 2012
    ISBN9781476165264
    Moneybags Series 101: Seven Important Tax Questions for a Business Owner
    Author

    Carol Herzog

    Hi, I am a tax expert with over 20 years of experience helping the entrepreneurial taxpayer. I can represent my clients in front of the IRS and have done so a number of times. The ever changing tax laws can be complicated sometimes. I enjoy helping others navigate through the system so they can claim the best deductions available. My husband and I travel quite a bit. Our most recent adventure was a road trip through the countries of Germany, Netherlands and Switzerland.

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      Book preview

      Moneybags Series 101 - Carol Herzog

      MONEYBAGS SERIES 101:

      SEVEN IMPORTANT TAX QUESTIONS

      FOR A BUSINESS OWNER

      Carol Herzog

      ****

      Published by:

      Carol Herzog at Smashwords

      Copyright (c) 2012 by Carol Herzog

      ****

      All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise) without the prior written permission of both the copyright owner and the above publisher of this book.

      Smashwords Edition Licence Notes

      This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each person you share it with. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy.

      Contents

      Prologue

      Chapter 1 - What business entity is best for your business?

      Chapter 2 – Am I conducting a business or a hobby?

      Chapter 3 – What are my self-employed tax obligations?

      Chapter 4 – How do I record my income and expenses correctly?

      Chapter 5 – Do I choose actual or standard mileage for my automobile expense?

      Chapter 6 - I work from home. Can I claim a deduction?

      Chapter 7 – Why is it important to choose the right tax preparer to complete my return?

      Conclusion

      About the Author

      Author Disclaimer

      Published: August 29, 2012

      Prologue

      Welcome to my first book! I am proud to say that I am finally embracing my strengths.

      I have been a tax accountant for over 25 years. I am passionate about helping people claim the best legal deductions yet never shared my knowledge with anyone on a large scale. I think this stems from accountants being viewed as serious, bookworms, loners and stuffy. I can tell you I am nothing like this. I love people. I love to have fun and I also love the complexity of the tax world and helping others navigate it.

      This brings me to the book, Moneybags 101: Seven Important Tax Questions for a Business Owner which I have had a desire to write for about a year. I am an expert in taxes for the home based business, real estate agent and rental property owner. I enjoy helping these clients find the best legal deductions, which saves them money.

      As I work with entrepreneurial taxpayers I am consistently asked the same questions. I figured that others have the same challenge so it seemed natural to write a short book to share my knowledge. The tax laws are very complex. Moneybags 101 is designed to help you start asking the right questions and to start you

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