Small time operator How to start your own business, keep your books, pay your taxes, and stay out of trouble
Book - 2023
"Written for small businesses, self-employed individuals, employers, professionals, independent contractors, home businesses, and Internet businesses, this book provides on-demand workers with everything they need to know to not only survive but truly thrive in the modern economy"--
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- Subjects
- Published
-
Essex, Connecticut :
Lyons Press
[2023]
- Language
- English
- Main Author
- Edition
- Sixteenth edition
- Item Description
- Includes index.
- Physical Description
- xiii, 249 pages : illustrations ; 28 cm
- ISBN
- 9781493073719
- Preface: Be Your Own Boss
- Chapter 1. Getting Started
- Getting Started: Basics
- What Kind of Business?
- Can You Do It?
- Business Terminology
- Starting Your Business
- Legal Structure
- Sole Proprietor
- Choosing a Business Name
- Financing
- Business Location
- Licenses and Permits
- Business Bank Accounts
- Sales Tax
- Insurance
- The Business Plan
- Chapter 2. Keeping Records
- Warming Up to an Unpopular Subject
- Accounting Methods
- Single Entry versus Double Entry
- Keeping Records
- Recording Income, Step One: Your Customers' Income Records
- Recording Income, Step Two: Your Income Record
- Credit Ledger
- Recording Expenditures
- Asset Ledger
- Accounting Software
- A Brief Information to QuickBooks
- Petty Cash
- Financial Management: Using Your Financial Records
- Profit and Loss Statement
- Cash Flow
- Inventory Control
- Balance Sheets
- Job Costing
- Chapter 3. Growing Up
- Business Growth
- Hiring Help: How to Save Time and Money by Not Becoming an Employer
- Partnerships
- You, Incorporated: A Corporation Primer
- Steps to Incorporating a Business
- Limited Liability Company (LLC)
- Chapter 4. Taxes
- Deep in the Heart of Taxes
- Tax Calendar for Business
- Qualified Business Income Deduction (QBI)
- Business Expenses
- One Hundred Business Expenses
- Deducting Business Expenses
- Inventory
- Business Assets
- Vehicles
- Repairs and Remodeling
- Bad Debts
- Casualty and Theft Losses
- Donations and Charitable Contributions
- Interest Expense
- Business Gifts
- Meals
- Travel
- Dues
- Shipping, Postage, and Freight
- Education Expenses
- Insurance
- Health Insurance
- Nondeductible Expenses
- Self-Employment Tax
- Retirement Deductions
- Estimated Tax Payments
- Barter/Trade
- Net Operating Losses (NOL)
- Year-End Tax Strategies
- Tax Credits
- Tax Software
- Failure to File a Tax Return
- Amending Old Tax Returns
- Information Returns
- Federal Excise Tax
- State and Local Taxes
- Chapter 5. Home-Based Business
- Home, Inc.: Starting a Home-Based Business
- Business Use of Your Home: The "Home Office" Deduction
- Federal and State Homework Laws
- "This Is a Business"
- Outgrowing the Home
- Chapter 6. Freelancers
- Copyright and Ownership of Work
- Artists
- Musicians
- Contracts
- Songwriters
- Music Teachers
- Chapter 7. T.C.B.: Take Care of Business
- How to Balance a Bank Account
- Professional Help
- Accepting Debit and Credit Cards
- Married Couples
- Multiple Businesses
- Websites
- Multiple Websites
- The On-Demand Economy
- Importing and Exporting
- Importing
- Exporting
- Buying a Business
- Franchise Businesses
- "Business Opportunities"
- Consignment
- Pricing
- Trademarks, Patents, and Copyrights
- Trademarks
- Patents
- Copyrights
- Contracts
- The Older Entrepreneur
- We Own It: Employee-Owned Business, Cooperatives, and Collectives
- Filing Your Business Records
- How to Avoid Crooks: And How to Collect What You're Owed
- Managing Your Business
- The Future of Small Business
- Index