Includes comprehensive coverage of the new tax law (the Tax Cuts and Jobs Act) and how it affects professionals who have a business or are thinking of starting one.
This book is for any professional (architect, lawyer, dentist) thinking about starting their own practice or any professional who already has their own practice.
REASONS TO BUY THIS NEW EDITION:
Explains advantages of business entity choices under new tax laws: pass-through entities (sole proprietor, LLC, S corp) versus C corporation
Shows professionals how to take advantage of all the key business tax deductions they are legally entitled to take, including the new Section 199A 20% deduction for pass-through business owners and other key changes under the new tax law.
Provides a comprehensive look at all the tax deductions available to professionals under the new tax laws, with lots of interesting and relevant examples that make the book easy to read and understand.
Organized into practical, understandable categories of the most commonly-used business deductions.
The only book on the market with this much tax deduction information specifically for professionals.