{"product_id":"j-k-lassers-guide-to-selfemployment-9781119658733","title":"J.K. Lassers Guide to SelfEmployment","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eWhat every self-employed person needs to know about their taxes!\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIf you're self-employed, chances are the majority of your time is spent finding new customers or clients, servicing existing ones, and handling each and every aspect of your business. Freelancers, independent contractors, gig economy participants, and other individuals working for themselves need to be aware of their responsibilities when it comes to paying their taxes. Even if you have an accountant or use tax preparation software, you may not be aware of all the deductions and credits you are entitled to. That's where the experts at J.K. Lasser come in.\u003c\/p\u003e \u003cp\u003eThe second edition of \u003ci\u003eJ.K. Lasser''s Guide to Self-Employment \u003c\/i\u003ehelps you file your taxes correctly, accurately, and on time. Using clear, jargon-free language, this bestselling guide explains the legal and financial implications of self-employment and shows you how to keep as much of your hard-earned money as legally possible. You will learn\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eIntroduction xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1 Self-Employment Basics 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1. Being Self-Employed and On Your Own 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Does Self-Employment Mean? 4\u003c\/p\u003e \u003cp\u003eLegal Consequences of Self-Employment 6\u003c\/p\u003e \u003cp\u003ePractical Issues in Self-Employment 7\u003c\/p\u003e \u003cp\u003eTax Terminology 8\u003c\/p\u003e \u003cp\u003eBeing 1099ed 9\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 9\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. Getting Set Up for Tax Reporting and Business Operations 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreliminaries 12\u003c\/p\u003e \u003cp\u003eKeeping Books and Records for Tax Reporting 12\u003c\/p\u003e \u003cp\u003eBusiness Reasons for Recordkeeping 14\u003c\/p\u003e \u003cp\u003eTax ID Number 14\u003c\/p\u003e \u003cp\u003eTax Year 17\u003c\/p\u003e \u003cp\u003eAccounting Method 17\u003c\/p\u003e \u003cp\u003eDecide Your Business Name 20\u003c\/p\u003e \u003cp\u003eWhat’s Your IP? 21\u003c\/p\u003e \u003cp\u003eObtain Licenses, Permits, and Permission 23\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. Using Schedule C 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTax Filing on Schedule C 25\u003c\/p\u003e \u003cp\u003eWhen, Where, and How to File 30\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2 Reporting Income and Expenses 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. Reporting Your Income 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePayment Types Don’t Matter 36\u003c\/p\u003e \u003cp\u003eAlternative Payments 38\u003c\/p\u003e \u003cp\u003eWhere to Report Payments 39\u003c\/p\u003e \u003cp\u003eWhat to Do about 1099s 40\u003c\/p\u003e \u003cp\u003eWhat to Do When You Don’t Get Paid 42\u003c\/p\u003e \u003cp\u003eLosses 43\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. Writing Off Vehicle, Travel, Meals, and Gifts Expenses 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVehicle Expenses 50\u003c\/p\u003e \u003cp\u003eLocal Transportation 56\u003c\/p\u003e \u003cp\u003eBusiness Meals 56\u003c\/p\u003e \u003cp\u003eBusiness Travel 59\u003c\/p\u003e \u003cp\u003eBusiness Gifts 61\u003c\/p\u003e \u003cp\u003eStrategies for Saving on Travel Costs 61\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. Deducting Office-Related Costs 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRental Expenses 65\u003c\/p\u003e \u003cp\u003eHome Office Use 68\u003c\/p\u003e \u003cp\u003eMaterials and Supplies 79\u003c\/p\u003e \u003cp\u003eFurniture and Fixtures 80\u003c\/p\u003e \u003cp\u003eComputer-Related Costs 84\u003c\/p\u003e \u003cp\u003eInsurance 86\u003c\/p\u003e \u003cp\u003eUtilities 86\u003c\/p\u003e \u003cp\u003eMiscellaneous Office-Related Costs 87\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 88\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7. Claiming Deductions A to Z 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAdvertising Costs 90\u003c\/p\u003e \u003cp\u003eBad Debts 91\u003c\/p\u003e \u003cp\u003eBanking Fees 92\u003c\/p\u003e \u003cp\u003eCasualty and Theft Losses 92\u003c\/p\u003e \u003cp\u003eCharitable Contributions 93\u003c\/p\u003e \u003cp\u003eDues 95\u003c\/p\u003e \u003cp\u003eEducation Expenses 96\u003c\/p\u003e \u003cp\u003eImpairment-Related Expenses 96\u003c\/p\u003e \u003cp\u003eInterest 97\u003c\/p\u003e \u003cp\u003eLegal and Professional Fees 98\u003c\/p\u003e \u003cp\u003eLicenses and Regulatory Fees 99\u003c\/p\u003e \u003cp\u003eMaterials and Supplies 99\u003c\/p\u003e \u003cp\u003eMoving Expenses 99\u003c\/p\u003e \u003cp\u003ePayments for Outsourced Workers 100\u003c\/p\u003e \u003cp\u003ePenalties, Fines, and Damages 101\u003c\/p\u003e \u003cp\u003eRepayment of Income 102\u003c\/p\u003e \u003cp\u003eStartup Costs 102\u003c\/p\u003e \u003cp\u003eSubscriptions 103\u003c\/p\u003e \u003cp\u003eSupplies 103\u003c\/p\u003e \u003cp\u003eTaxes 103\u003c\/p\u003e \u003cp\u003eUtilities 104\u003c\/p\u003e \u003cp\u003eChecklist of Nondeductible Expenses 104\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 105\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8. Protecting Yourself with Medical Coverage and Retirement Savings 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMedical Insurance 108\u003c\/p\u003e \u003cp\u003eHealth Savings Accounts 111\u003c\/p\u003e \u003cp\u003eTax Deduction for Health Coverage 113\u003c\/p\u003e \u003cp\u003eRetirement Savings 114\u003c\/p\u003e \u003cp\u003eSEPs 116\u003c\/p\u003e \u003cp\u003eSolo 401(k)s 118\u003c\/p\u003e \u003cp\u003ePension Plans 121\u003c\/p\u003e \u003cp\u003eIRAs 121\u003c\/p\u003e \u003cp\u003eRoth IRAs 122\u003c\/p\u003e \u003cp\u003eStrategies for Retirement Savings 123\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9. Taking Tax Credits 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBusiness-Related Tax Credit 127\u003c\/p\u003e \u003cp\u003ePersonal Credits Arising from Business 130\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10. Claiming Your Tax Bonus 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGeneral Rules 137\u003c\/p\u003e \u003cp\u003eLimitations 138\u003c\/p\u003e \u003cp\u003eSpecified Service Trades or Businesses 139\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3 Strategies for Your Business 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11. Paying Your Taxes 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSelf-Employment Tax 143\u003c\/p\u003e \u003cp\u003eAdditional Medicare Tax on Earned Income 146\u003c\/p\u003e \u003cp\u003eAdditional Medicare Tax on Net Investment Income 147\u003c\/p\u003e \u003cp\u003eEstimated Taxes 148\u003c\/p\u003e \u003cp\u003eSales Taxes 152\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12. Strategizing Year-Round for Tax Savings 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTax-Savvy Business Decisions 156\u003c\/p\u003e \u003cp\u003eYear-End Planning 158\u003c\/p\u003e \u003cp\u003ePost-Year Tax Elections 160\u003c\/p\u003e \u003cp\u003eLease Instead of Buy? 161\u003c\/p\u003e \u003cp\u003eDon’t Overlook Carryovers 162\u003c\/p\u003e \u003cp\u003eAudit-Proof Your Return 163\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13. Strategies for How to Grow 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting Certified 167\u003c\/p\u003e \u003cp\u003eGetting a Mentor 168\u003c\/p\u003e \u003cp\u003eOutsourcing 169\u003c\/p\u003e \u003cp\u003eUsing Technology 170\u003c\/p\u003e \u003cp\u003eContinuing to Learn 170\u003c\/p\u003e \u003cp\u003eWhat’s Ahead 171\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14. Strategies as Your Business Grows 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMoving to Larger Quarters 173\u003c\/p\u003e \u003cp\u003eHiring Employees 175\u003c\/p\u003e \u003cp\u003eChanging Legal Status 178\u003c\/p\u003e \u003cp\u003eSelling the Business 180\u003c\/p\u003e \u003cp\u003eFinal Thoughts 181\u003c\/p\u003e \u003cp\u003eIndex 182\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407112053079,"sku":"9781119658733","price":16.2,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119658733.jpg?v=1730498219","url":"https:\/\/bookcurl.com\/products\/j-k-lassers-guide-to-selfemployment-9781119658733","provider":"Book Curl","version":"1.0","type":"link"}