The Learning Annex Presents Small Business Basics If you're a small business owner, you probably dedicate the majority of your time to the day-to-day activities that keep your company up and running. After all, why should you have to worry about taxes or other financial issues when you can hire someone else to handle them? The answer is simple: you, not your accountant or financial advisor, run the business. And if you truly want to be successful, you need to understand how your actions in business today can affect your bottom line tomorrow. If you want to make more tax-efficient financial decisions for your business, The Learning Annex Presents Small Business Basics can show you how. This accessible guide provides useful and authoritative advice that will help you save time and money throughout the year. Topics discussed include: * Organizing your business--from S Corporations and C Corporations to Sole Proprietorships and Limited Liability Companies * Income and losses--from business operations to the sale of business property * Business deductions and credits--from home office deductions and advertising expenses to rent and retirement plans As a small business owner, each decision you make is important. With The Learning Annex Presents Small Business Basics as your guide, you'll quickly discover how to make tax-savvy decisions that will improve your overall business.Research Credit If you engage in research and experimentation, you may claim a credit of 20 percent of increased research activities (increased costs this year compared with a base ... The credit percentage (2.65%, 3.2%, or 3.75%) scales up with the percentage of gross receipts. There is no dollar limit on the credit, but the credit cannot exceed taxable income from the business that produced the credit.
|Title||:||The Learning Annex Presents Small Business Basics|
|Publisher||:||John Wiley & Sons - 2005-05-20|