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Beskrivelse
For anyone seeking financial freedom, business ownership is the single best path. Not only could it provide a more lucrative income stream than a second job, but it also allows the owner to take advantage of favorable tax laws for businesses.
With a basic knowledge of available deductions, business owners can save up to thousands of dollars per year. Author Kara Krystina Ostroski-Francis, Esq., is a lawyer and entrepreneur who witnessed the benefits of business ownership early in life. These are the strategies she uses herself and that she recommends to clients.
Each chapter explains a different tax deduction strategy, from dining and entertaining to travel, as well as illustrates what that strategy looks like in practice. The most overlooked tax break for entrepreneurs is saving for retirement, and Kara Krystina reveals how to save much more than is permitted under employee tax law. Finally, each strategy is accompanied by a full explanation of the required documentation.
These strategies are easy to implement and should be put into daily practice. Tax Deductions for Entrepreneurs offers straightforward explanations of the most useful tax deductions for business owners, and it includes all the information you need to thrive.
