Addressing a common problem for small-business owners, this accessible handbook is the key to understanding the ins and outs of accounting. Demonstrating how to correctly maintain records and apply bookkeeping rules, this guide demonstrates how to keep track of all financial matters and monitor the overall health of any business. Avoiding complex and burdensome accounting jargon, this clear and concise overview translates the essentials into practical business language, answering the most frequently asked questions presented to accountants by small-business owners today. Topics covered include accounting components such as sales, expenses, assets, liabilities, and owners' profits.

Despite popular opinion, it is possible to run a profitable, honest business while minimizing taxes and staying out of legal trouble. Tax Savvy for Small Business helps readers do just that, detailing year-round tax-saving strategies for: -- claiming all legitimate deductions -- maximizing fringe benefits -- keeping accurate records -- documenting expenses -- surviving an audit The 5th edition provides the most current IRS rules, the latest tax codes and a new chapter of "Frequently Asked Questions."

Discover the Benefits of a Modernized Accounting System If you're a business owner, looking for new ways to grow and improve your business without devoting more hours into your schedule or spending money that doesn't produce results, then keep reading. Wouldn't it be nice to save money and free up time each week? This is where technology is available to make your life easier. Leveraging the right tools and strategies can make a massive difference in how efficiently you run your company. "Tech-savvy business owners have an advantage, and are saving money and time." The goal of this book is to show you how current technology and internet-based applications can help you grow your business without compromising quality. You will learn about: * Going Paperless, Apps, and Cloud-Based Accounting * How to Modernize your Accounting System * Security Practices for Online Accounting * Creating Leverage by Outsourcing * Accounting Concepts that Make Sense * How to Audit-Proof Your Business * Finding a Tech-Savvy Accountant * Understanding Financial Statements My name is Noel B. Lorenzana. I'm a Registered CPA. I've spent the past 25 years in business, tax, and accounting, with the past several years helping small business owners improve their profits and get better results by combining technology, strategy, and proactive accounting. As a Tax Resolution Specialist, I've also had the chance to represent many taxpayers and help them resolve their tax problems. It's been a pleasure helping taxpayers and business owners get great results. I hope to help you get great results too. I'm excited to think what that means for your business!

Owning and running a small business can be complicated. On top of developing, marketing and selling your product or service, you ve got to be prepared to handle the money that is coming in, pay your employees, track expenditures, consider your stock options, and much more. Accounting for Small Business Owners covers the entire process of establishing solid accounting for your business and common financial scenarios, and will show you how to: Set up and run your business : Manage and sell your product or service : Perform a month-end balancing of accounts. Packed with definitions of basic accounting terms, sample accounting statements, and a wealth of tips and tricks to simplify the accounting process.

Virtually every decision a small business makes has tax consequences that can affect the bottom line. Written by an attorney, this book tells business owners what they need to know about federal taxes, and shows them how to make the best tax decisions for their business, maximize their profits, and stay out of trouble with the IRS. Illus. Index.

The author shares clear systems and processes for avoiding the financial pitfalls that derail so many businesses.

Providing small business owners with what they need to know about federal taxes, an essential guide explains how to make the best tax decisions, maximize deductions and profits, appeal audit decisions, and stay out of trouble with the IRS.