Business Tax Answer Book (2009)

Benefits and Features

 

Provides Answers To Such Questions As

  • What are the tax advantages and disadvantages to operating a business as a corporation?
  • When can a business use the simple, cash method of accounting to report income and claim deductions?
  • When can a business owner deduct the cost of commuting?
  • Who can claim the new, generous, first-year depreciation allowance?
  • Which employee fringe benefits qualify for favorable payroll tax treatment?
  • What pitfalls should business owners avoid when borrowing money from their businesses?
  • What is the key tax benefit of S corporation status?
  • What is a medical savings account and how does it help small businesses reduce employee health care costs?