Stop OverPaying Your Taxes11 Ways Entrepreneurs Overpay and How to Stop it Now!
By: Diane Gardner, EA, CTC
How Much Do You Know About Your Taxes?
Are You Confident You Are Getting Every Available Tax Break?
Is Your Tax Advisor Giving You Proactive Advice To Save You Tax?
Find the hidden business deductions within your business such as:
- Utilizing the correct entity type
- Industry specific write-offs
- Maximizing meals and entertainment write-offs
- Write off healthcare costs through your business
- Save for college and take a tax deduction
- Maximizing auto and truck deductions
The Government Accountability Office estimates that business owners overpay their taxes by $50 billion each year. This is shocking news! Most entrepreneurs overpay their taxes simply because they don’t know all the various deductions that are available.
Finally, an easy to read book that will guide you through the maze of self-employed tax deductions.
Here is what they are saying about the book!
This book is an easy read, chocked full of excellent tax saving tips. Anyone who is self-employed should read it and keep it on their book shelf as a valuable resource.
Most tax books just tell you how to fill out tax forms. Diane Gardner’s “Stop Overpaying Your Taxes” gives you the savings you REALLY want. It’s full of valuable strategies that will pay dividends every day. And if you’re an entrepreneur or business owner like I am, it’s information you NEED.
Stop Overpaying Your Taxes shares real stories about real business professionals to give tangible, illustrative examples for each of the eleven ways entrepreneurs overpay their taxes. Each chapter is devoted to one of the eleven ways. It’s written in plain language that is relatable in ways that other books or conversations with my own CPA haven’t been for me. When my CPA mentioned some of these same topics a few years back I know I had the deer-in-the-headlights look on my face and left her office nothing but confused. Perhaps my business wasn’t mature enough, perhaps the illustration used just didn’t click for me – this book pulled everything together. Then the wheels in my mind started turning and the conversations with my spouse took place. He, too, has his own business (his an S Corp, mine an LLC) so there are many aspects that we can leverage for our respective businesses. We found ourselves making notes and preparing for some conversations with our CPA. I plan to bring this book along as a conversation starter for saving tax money in my own business as well as my spouse’s business. Entrepreneurs owe it to their businesses to read this book and then have the “talk” with their tax advisor. This book takes the scary out of taxes and makes the planning something to look forward to. DISCLAIMER: I was gifted an advance copy of this book by the author in exchange for an honest review.
As a 30 year entrepreneur, I love Diane Gardner’s new book, Stop Overpaying Your Taxes, 11 Ways Entrepreneurs Overpay and How to Stop It Now!
I picked up tips from every single chapter. For example, do you know the 5 questions the IRS uses to determine if a meal is tax deductible?
Did you know as a sole proprietor you are not required to pay Social Security and Medicare tax on your child working for you until they are 18, or that you may avoid paying unemployment tax on your child working for you until they are 21? -These two tips, right here, would have saved me a boat load of cash, as my daughter worked for me from the time she was 12 to 22.
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