Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations
    Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations
    Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations
    Audiobook3 hours

    Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations

    Written by Greg Shields

    Narrated by Brian R. Scott

    4/5

    ()

    About this audiobook

    If you're a business owner wanting to learn more about taxes without going through boring textbooks, then pay attention...

    Benjamin Franklin once said that, “in life, only two things are certain: death and taxes.” He wasn't exaggerating about the latter. And because you must deal with taxes for as long as you live and earn money, you must get it right every time.

    Unlike any other infractions or violations, tax-related offenses have major repercussions. At a minimum, you will pay fines and expenses. But if your tax violations are serious, you may end up in jail. Think about this: the infamous mafia gangster boss Al Capone was indicted and sent to prison not because of his violent crimes, but because of tax violations. Hence, you must take your taxes very seriously.

    So, what does it take to manage your taxes successfully and avoid the massive inconveniences associated with being flagged by the Internal Revenue Service for tax violations? There are so many answers to this question, but they can be summed up in one term: tax accounting. And that is what this book is all about.

    Written with non-accountant entrepreneurs in mind, this book can help you learn important tax accounting principles for ensuring optimal tax management in your business. These include:

    • What tax accounting is.
    • Important tax accounting guidelines.
    • The difference between accounting and bookkeeping.
    • How to claim tax deductions legally.
    • How to choose the right business entity.
    • And much, much more!

    By the time you're finished with this audiobook, you'll be armed with sufficient knowledge to ensure proper management of your businesses' income taxes.

    And while you can never avoid taxes, what you'll learn here can make you and the IRS the best of friends.

    So, listen to this audiobook now and start your journey towards optimal tax management for your small business.

    LanguageEnglish
    PublisherGreg Shields
    Release dateFeb 16, 2021
    ISBN9781664981904
    Tax Accounting: A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations

    Related to Tax Accounting

    Related audiobooks

    Accounting & Bookkeeping For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Entrepreneurs Pay Too Much in Taxes Because They Don't Do This

      Mar 29, 2019

      As we head deeper into tax season, we're starting to hear from more and more Americans experiencing sticker shock as they file their returns. Gone is the comforting and often sizable refund check they've come to expect every year. Instead, they're fi

      2 min read

    • Article

      A Tax Guide for Investors

      Mar 7, 2019

      For most people, tax time is about as much fun as taking a bath with an electric eel, and taxes on your investments can be particularly confusing and irksome. Nevertheless, if you make wise use of capital losses and gains, you may find that you owe l

      7 min read

    • Article

      Some Self-Employed Taxpayers Get a Big Break Under New Law

      Jul 6, 2018

      If you're self-employed or have a side gig, you could qualify for one of the most generous provisions in the tax overhaul enacted by Congress late last year. But if you don't already have an accountant or tax preparer, you might need one, because thi

      4 min read

    • Article

      To Gift or Not to Gift

      Sep 10, 2019

      In estate planning, giving away assets during your lifetime has traditionally been used to help lower estate taxes when you die. However, the federal estate tax exemption amount (the amount under which federal estate taxes do not apply) is currently

      4 min read

    • Article

      Is Your 401(k) or IRA a Sleeping Tax Bear?

      May 7, 2019

      Plenty of retirements these days are built in large part by stashing away money week by week into tax-deferred accounts, such as traditional IRAs or 401(k)s, among other options. And certainly, such accounts can provide a wonderful feeling of confid

      4 min read

    • Article

      Why Tax Matters

      Jul 7, 2023

      Why Tax Matters
      5 min read

    • Article

      Skills To Pay The Bills

      Apr 24, 2019

      Skills To Pay The Bills
      7 min read

    • Article

      Tips for TAX TIME

      Jul 9, 2023

      TAKE CONTROL AND GET SMART WITH YOUR FINANCES When it comes to taxes, many people procrastinate at the end of the financial year. My advice is to take action now and get your tax-deduction money back sooner. Remember, your tax return is your money,

      1 min read

    • Article

      So You Got A Letter From The IRS

      Dec 17, 2020

      Uh-oh. You’re flipping through your mail and the return address on one letter makes your heart rate quicken — and not in a good way. It’s from the Internal Revenue Service. When you open the envelope you see what you dreaded most: The IRS wants to au

      3 min read

    • Article

      5 Ways To Make A Side Hustle Work

      May 8, 2020

      NEVER mind just having one job. These days many people have two or three as they work in their free time to earn extra cash. In a poll conducted last year by the Henley Business School in Johannesburg, 27% of respondents revealed they had a side hust

      3 min read

    • Article

      Tax Time

      Aug 28, 2019

      Tax Time
      2 min read

    • Article

      How to Buy Out Your Retirement 'Business Partner' - with a Roth Conversion

      May 10, 2019

      We've all heard the saying, "There are only two guarantees in life: death and taxes." With that in mind, let's discuss the tax law that was passed under President Trump -- the Tax Cuts and Jobs Act of 2017. This law has changed the rules for at leas

      4 min read

    • Article

      Should You Do Your Own Taxes or Hire a Professional?

      Jan 30, 2020

      For some people, tax season poses little worry, and the process occurs painlessly. Simply populate the requisite fields on your 1040 with info from your W-2, claim the standard deduction, sign on the dotted line and e-file. After that, the check is

      4 min read

    • Article

      Small Business Finance

      Mar 31, 2020

      Small Business Finance
      3 min read

    • Article

      All The Admin

      Jan 28, 2021

      If you want your business to support you in the long term, it’s not just about producing and promoting an amazing product – you’ll need to keep track of the pennies to have a clear idea of profit and loss. Even if you hire an accountant, it’s importa

      2 min read

    • Article

      Who Can DIY Their Taxes - and Who Should Use a Pro

      Mar 20, 2019

      There are always a handful of people that I run into this time of year who like to brag about the fact that they do their own taxes. Always have, they say -- and always will. If you're one of these folks, I applaud you for tackling this task. It's v

      3 min read

    • Article

      7 Best Practices for a Stress-Free Tax Season

      Mar 31, 2022

      It’s the most wonderful time of the year: tax season! All jokes aside, a 2020 study found that the majority of taxpayers dread doing their taxes. Taxes take time, can cost money, and many people find them confusing. They’re basically like homework fo

      2 min read

    • Article

      Writer At Work

      May 27, 2023

      Writer At Work
      6 min read

    • Article

      Taxes Are on Sale: Here's How to Take Advantage

      Aug 3, 2018

      Who can resist a good sale? When prices are slashed, there's usually a great financial opportunity. This carries over to financial planning, too. Essentially, right now taxes are on sale. Smart investors should take note of tax cuts implemented by th

      4 min read

    • Article

      8 Ways You Might Be Cheating on Your Taxes

      Jun 24, 2021

      Whether we're pointing out frequently overlooked tax breaks, explaining how retirement income is taxed, or helping you avoid an audit, the editors here at Kiplinger want you to trim as much off your tax bill as legally possible. But note the word leg

      1 min read

    Related categories

    Reviews for Tax Accounting

    4/5

    1 rating0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words