The tax facts and strategies that every small business owner needs to know for their 2023 tax
return and year-round planning Owning a small business is a big responsibility. While all small
business owners seek to improve their bottom line few realize all the ways that both current
and new tax laws can help them do so. With J.K. Lasser's Small Business Taxes 2024 you'll
quickly discover how. Completely revised to reflect the INFLATION REDUCTION ACT Secure Act 2.0
and other new laws and written in a straightforward and accessible style this reliable
resource offers a complete overview of small business tax planning and provides you with the
information needed to make tax-smart decisions throughout the year. Focusing on strategies that
help you use deductions and tax credits effectively shield business income and maximize other
aspects of small business taxes this practical guide will show you how your actions in
business today can affect your bottom line from a tax perspective tomorrow. It also highlights
tax changes throughout the book to help you plan ahead. In this fully updated volume you'll
find: Detailed coverage of the newest tax laws court decisions and IRS rulings Planning
strategies that can help you run a tax-smart business all year long Comprehensive information
on each available write-off such as the QBI deduction as well as dollar limits and
record-keeping requirements Clear instructions on where to report income and claim deductions
and credits on your tax forms Guidance on green energy opportunities opening or closing a
business running a sideline activity or multiple businesses and succession planning Help with
state taxes and a guide to information returns you may need to file Sample forms and checklists
to help you prepare for tax time Get your free online supplement for the latest tax changes.
