Tax Accounting

A Guide for Small Business Owners Wanting to Understand Tax Deductions, and Taxes Related to Payroll, LLCs, Self-Employment, S Corps, and C Corporations

By: Greg Shields

Narrated by: Brian R. Scott

If you're a business owner wanting to learn more about taxes without going through boring textbooks, then pay attention....

Benjamin Franklin once said that, “in life, only two things are certain: death and taxes”. He wasn't exaggerating about the latter. And because you must deal with taxes for as long as you live and earn money, you must get it right every time.

Unlike any other infractions or violations, tax-related offenses have major repercussions. At a minimum, you will pay fines and expenses. But if your tax violations are serious, you may end up in jail. Think about this: The infamous mafia gangster boss Al Capone was indicted and sent to prison not because of his violent crimes, but because of tax violations. Hence, you must take your taxes very seriously.

So, what does it take to manage your taxes successfully and avoid the massive inconveniences associated with being flagged by the Internal Revenue Service for tax violations? There are so many answers to this question, but they can be summed up in one term: tax accounting. And that is what this book is all about.

Written with non-accountant entrepreneurs in mind, this book can help you learn important tax accounting principles for ensuring optimal tax management in your business. These include:

• What tax accounting is.
• Important tax accounting guidelines.
• The difference between accounting and bookkeeping.
• How to claim tax deductions legally.
• How to choose the right business entity.
• And much, much more!

By the time you're finished with this audiobook, you'll be armed with sufficient knowledge to ensure proper management of your businesses' income taxes.

And while you can never avoid taxes, what you'll learn here can make you and the IRS the best of friends.

So, listen to this audiobook now and start your journey towards optimal tax management for your small business.

©2021 Greg Shields (P)2021 Greg Shields

taxes are dumb

taxes should just be smart contracts and not have to worry about dumb paperwork crap that rely on honesty.

A bona-fide treasure hunt

There is some wonderful information in this book if you can find it. Finding it is a bit of a chore.

The book is half hazardly laid out. For example, the discussion of LLC, S-corp and C-Corp are each handled in their own chapter. This makes it very difficult to compare and contrast the strengths and weaknesses. A better design would have been a functional comparison.

Everything described is out of described is at a very superficial level. You're going to need to find threads of what you're interested in and then do additional research.

At the end of the book He dives back into the need to get your own personal accountant or otherwise do your books on your own. This is a topic that horse that was nearly beaten to death earlier in in the book. There are other examples like this and they all come off as come off as if the book needed filler material to round out the last few chapters.

I did however find a gem and the book was worthwhile.

great information

very complete learned so much reading this thanks for putting this book together

Comprehensive explanation of business taxes

If you know very little or think of your self as a self-proclaimed almost expert when it comes to business taxes and entities to choose for certain tax purposes, then this book is for you. All is explained very thoroughly fitting both novis and more experienced business owners.

Not informative

"Hire a tax accountant" is the main refrain and moral of the story. Taxation treatment of S-Corps, C-Corps, LLCs, and LLPs is not covered in-depth as the title suggests. The only guidance provided is- A) do your own taxes, or B). hire a tax accountant.