Top 10 Best Business Taxes Books: Must-Read for CPA

 Best Business Strategy Books: Learning the principles of Bookkeeping for Small Business are essential to ensure that you’re ready to file your taxes and to have a full understanding of your financial picture. We’ve compiled a list of some of the best books to ensure that you reach your goals.

Best Business Strategy Books

It’s no secret that when it comes to small businesses, the US tax code is difficult to navigate. Errors and oversights can result in costly audits and fines. As a small business owner, you know how even the slightest unexpected cost can wreak havoc on your bottom line. Having a handle on the tax situation of your business can mean the difference between a profitable year and one that is spent in the red.

A business that neglects its taxes is a business living on borrowed time.

Getting your business on the right side of its tax burden is easier than you think.To stay in the good graces of the IRS your business needs a tax strategy. You owe it to yourself as an entrepreneur to cross your t’s and dot your i’s so that you can focus on the stuff that matters. What’s the stuff that matters? Growing your businessthrilling your customers, and reaching new heights of revenue growth and profitability.

When you’re sweating your tax situation, doing the stuff that matters is harder than it needs to be. Without laying the groundwork for an effective and sensible small business tax strategy, your focus will be drained sweating the details when your time could be better spent turning your small business into a success.Join thousands of other entrepreneurs and small business success stories in deciphering the complexities of small business taxes. This insightful and actionable QuickStart Guide from ClydeBank Business simplifies the notoriously difficult small business tax code for US-based entrepreneurs..

Filing taxes is something every business in America needs to do and there is a lot that needs to be learned in this process. It does not matter if you are self-employed or own a limited liability company (LLC). You need to know what the difference is regarding taxes and how to get the most out of your return.

Payroll taxes may seem scary. However, you will start to see how simple they are as you read through Chapter 2 of this book. Do you know what deductions you can make as an individual taxpayer and as a business? There are so many tax breaks for a small business that you need to consider. You will see the updated information for deductions and credits that are available to you based on the new GOP tax bill. Best of all, learn how to make the new tax bill work for you so you can maximize your deductions.

With the help of this book, you will learn how you can get through those grueling audits and survive the pressure of Uncle Sam and his squad of tax informants. If you have not filed the previous year’s taxes, then you may want to check out Chapter 5 as we discuss IRS survival and this particular issue. In chapter 6, you will learn how to make your business taxes work for your business. As a special bonus, in chapter 7, you’ll get examples of each of the IRS forms discussed throughout the chapters so you can see what they look like and their purpose.

This Small Business Taxes Guide is a thorough guide for new and aspiring business owners to tackle small business taxes. From thorough tax planning to tax coverage, rates, and tax credits, it is essential for small business owners to grasp the significance of paying business taxes on time. Dealing with the IRS, deadlines, business losses, and high tax rates can take its toll on business owners around the world. This book will take you through a well-researched, fact-checked, and updated guide on the tax regulations, procedures, and strategies for filing tax, reducing tax-bill, and navigating through high tax rates, while still sustaining a position in the industry.It will familiarize you with the fundamentals of business taxation, the types of taxes incurred by businesses, and how many taxes a small business is liable to pay under the current IRS regulations. In thorough detail, you will be acquainted with the workings of the IRS, different types of business partnerships, and how proper tax planning ensures efficient business proceedings. Here is how Beginner’s Guide to the Tax Process for Small Businesses will help you achieve your business goals while staying on top of small business taxing problems.

Do you have a small business, but all the talk of tax returns and payrolls is weighing you down? Worried about an audit from the IRS?

Look no further! Written with the beginner in mind, inside this detailed guide you’ll find everything you need to make perfect sense of the world of tax returns, deductions, and business finance, including:

  • Understanding Payrolls, 401k, And Health Plans
  • The Key Differences Between a S-Corp, C-Corp, Partnership, and Sole Proprietorship
  • Types (And Benefits!) Of Different Business Entities Including LLCs
  • The Common Payroll Mistakes to Avoid
  • Survival Tips For an Audit From The IRS!
  • And More!

You’ll also get a FREE bonus guide for using Quickbooks – a killer tool for tracking and organizing your business info. So drop the confusing and conflicting advice and start your journey to business success! With everything you need on payrolls, IRS audits, deductions, tax returns, and more, this book is your one stop to a healthy and functioning business!

Pay less to the IRS


For any home business, claiming all the tax deductions you are entitled to is essential to your business’s financial success. Don’t miss out on the many valuable deductions you can claim.
Here, you’ll find out how to deduct:

 

  • start-up costs
  • home office expenses
  • vehicles, meals, and travel expenses
  • medical expenses, and
  • retirement expenses.


You’ll also learn how to keep accurate, thorough records in case the IRS ever comes calling. Easy to read and full of real-life examples, this book can help you take advantage of all the valuable deductions you are entitled to.

The ninth edition of this widely used casebook continues its long tradition of teaching the “fundamentals” of a highly complex subject with clear and engaging explanatory text, skillfully drafted problems, and a rich mix of original source materials to accompany the Code and regulations. Important highlights of the ninth edition include:

  • Coverage of all significant developments since the last edition, including the impact on corporate-shareholder transactions of the now permanent higher marginal individual tax rates and the 3.8% tax on net investment income tax; final regulations on § 336(e) elections and Type F reorganizations; published rulings on internal corporate restructuring transactions; new legislation blocking tax-free spin-offs of REITs and the IRS’s no-ruling policy on certain other types of cash-rich corporate divisions; and S corporation developments.
  • Updated discussion of the options and prospects for fundamental corporate tax reform, including an overview of issues affecting U.S. multinational corporations.
  • Reorganized discussion of the continuity of proprietary interest doctrine in tax-free reorganizations.
  • Expanded coverage of the § 1202 exclusion for sales of small business stock and compensation issues for S corporation owner-employees.
  • Removal of dated and historical materials and more tightly edited cases.

This book is intended for people who want to know something about the fundamentals of bookkeeping without necessarily becoming a certified bookkeeper. Many people are in this position; small business owners, employers, employees, business owners, stockholders, investors, and many, many more. Most of these folks do not need a deep understanding of bookkeeping; they just need to learn what bookkeeping is and how they should be using it. Just as important, they need to understand what bookkeepers and accountants are talking about in their reports. They must learn the vocabulary and the most important terms. If you are one of those, you have found the right book for you.

As an added bonus, the book contains a section for business taxes. Included is also a step-by-step guide to preparing W-2 forms and the information needed for those.

Here are just some of the questions and topics discussed within this book:

  • Bookkeeping Basics
  • What’s New in Bookkeeping for Small Business?
  • Managing Assets, Liabilities and Owner’s Equity
  • Using Ledgers and Journals to Track Business Activity
  • Bookkeeping When You Have Employees
  • Depreciation
  • Adjusting Entries
  • Making Sense out of the Financial Statements
  • Taxes for Small Businesses
  • Small Business Checklist
  • Bookkeeping Tips for Your Small Business
  • And Much, Much More

Tax Strategies for the Small Business Owner: Reduce Your Taxes and Fatten Your Profits  will help the small business owner increase profits while feeling more comfortable dealing with taxes. It begins by looking at the often overlooked critical decision small business owners face when they start a business: the choice of business entity. The book then examines all the deductions that a business owner can take legally to reduce taxes. It also provides advice business owners need to make good tax-related decisions: Should I lease or buy? Should I hire an employee or outsource the task? How much will buying a building reduce my taxes and for how long?


Many people freeze up when they are forced to prepare or even think about taxes. Some receive a notice from the IRS and put it aside: They’re too scared to open it! Yet taxes for the most part follow common sense rules. You just need to know what they are and how they affect your decisions. In this book, readers will learn about the different business entities, the different taxes you must deal with (primarily income taxes), documentation procedures, how to work with a tax professional, how to handle an audit, and, in general, how to use the U.S. Tax Code to your advantage.

The Tax Rules Have Changed. Your Business Should, Too.

The Tax Cut and Jobs Act of 2017 marks the biggest tax reform in more than 30 years. The changes to the tax code are complex (especially for the small-business owner), but you don’t have to go it alone. CPA and Attorney Mark J. Kohler delivers a comprehensive analysis of the new tax and legal structure you desperately need to help make the new tax law work for you.

In this revised edition of The Tax and Legal Playbook, Kohler reveals clear-cut truths about tax and legal planning and delivers a practical, play-by-play guide that helps you build wealth, save on taxes, and protect your assets. Using real-world case studies, tax-savvy tips, game plans, and discussion points, Kohler coaches you through the complexities of the tax game of the small-business owner. You’ll also learn how to:

 

  • Examine your business needs and pick the right business entity for you
  • Build your personal and corporate credit in eight steps
  • Implement affordable asset protection strategies
  • Take advantage of underutilized business tax deductions
  • Pick the right health-care, retirement, and estate plans
  • Bring on partners and investors the right way
  • Plan for your future with self-directed retirement funds

    Reading from cover to cover or refer to each chapter as needed, you will come away wiser and better equipped to make the best decisions for your business, your family, and yourself.

 

 

Are you paying more taxes than you have to? The IRS is certainly not going to tell you about a deduction you failed to take, and your accountant is not likely to take the time to ask you about every deduction you’re entitled to. As former IRS Commissioner Mark Everson admitted, “If you don’t claim it, you don’t get it. That’s money down the drain for millions of Americans.” This invaluable book, updated to reflect changes in tax law, not only lists the individual items that are deductible—from Internet domain name costs to theft losses—but also explains where to list them on your income tax form. “Tax law isn’t easy,” the author explains, “but this book is.” The twelfth edition will be completely updated to include new changes in tax law, a chapter on home-based businesses, and include a special “jump out” highlights in the A-to-Z listings for any deduction that has special rules for home-based businesses.