Keep Your Hard Earned Money Tax Saving Solutions for the Self Employed [Paperback]

If you're in business for yourself, don't sell yourself short. Reap all the tax-saving benefits you deserve with this clear, concise, step-by-step guide that shows you exactly how to take advantage of every tax deduction allowable by law. Inside, you'll find all the facts the IRS doesn't want you to know, and glean all the advice you need to:
* Convert everyday living expenses into business deductions
* Audit-proof your tax return -- how to keep records that will satisfy the IRS
* Choose the form of entity that's best for you
* Utilize insider's tips on numerous deductions: your home office, business equipment, car, credit card interest, clothing, meals, entertainment, trips and vacations, and medical expenses
* Use hiring techniques that save you money
* Income shifting techniques -- make your family part of your tax shelter
Plus, you'll get invaluable insights into retirement plans for the self-employed, including IRAs, Keoghs, SEP and 401(k) plans, and much, much more. Packed with informative charts, worksheets, questionnaires, and self-tests,Keep Your Hard-Earned Moneyprovides solid advice you can take to the bank.Chapter 1

KEEPING MORE OF YOUR HARD-EARNED MONEY

Do you know yourTax Bracket?

When I ask this question at my Keep What You Earn!™ workshops, invariably I'm met with many blank stares. Then I explain, Your tax bracket is the percent of your next dollar of income that will go to the government. In other words, if the profit from your business is $50,000 for the year, how much of the last dollar you earned for the year do you get to keep? I get responses ranging from I don't know to 70%. Whatever the answer, everyone agrees IT'S TOO MUCH! We all want to keep more of our hard-earned money.

* THE #1 TAX SHELTER

Procedures that help us keep more of what we earn are generally calledtax shelters.Many people think of tax shelters as a means of reducing taxlÃu