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![]() | Self-employed Tax Solutions: Quick, Simple, Money-Saving, Audit-Proof Tax and Recordkeeping Basics for the Independent Professional (Self-Employed Tax Solutions: Quick, Simple, Money-Saving,) by June Walker ISBN-10: 9780762730711 ISBN-10: 0-7627-3071-4 ISBN-13: 9780762730711 ISBN-13: 978-0-7627-3071-1 Paperback 2005-01-01 Globe Pequot Find Lowest Price | |
Editorials | ||
Product Description June Walker tackles the most vexing problems facing the self-employed: bad recordkeeping and tax ignorance. Her solutions are simple, quick and audit proof: a recordkeeping method that works and a guide through the tax maze that ends with more money in the indie's pocket and less money going to Uncle Sam. The self-employed operate under various names -- sole proprietors, freelancers, subcontractors, free agents, independent professionals - but the IRS and other taxing authorities require all of them to follow the same rules. If self-employed people don't understand tax and recordkeeping fundamentals, they will eventually gum up the works, and the remedy will be expensive, time-consuming, worrisome, and possibly fatal to their businesses - no matter how talented, motivated and entrepreneurial they are. The author creates characters such as wedding photographer Billy Bridesnapper and the clueless CPA Sammy Segar to illustrate situations based on the real experiences of her clients. Through these examples told in clear, crisp and simple prose she explains the complete range of tax and recordkeeping basics - like how to prove to the IRS that the endeavor is a business not a hobby, how start-up costs differ from other deductions, how to go snorkeling and still deduct travel expenses, why a gift to mom can be a legitimate business deduction, why solos needn't worry about the difference between income and a reimbursement, how to make estimated tax payments, the structure and advantages of sole proprietorship, and hundreds of vital details about taxes, finances, and recordkeeping. Armed with June's unique copyrighted worksheets designed just for the indie, her system takes only a few hours a year to implement, and saves time, anxiety and stress. Even the beginner who has never kept business records can easily learn it. Self Employed Tax Solutions explains how not to miss one single business deduction, how to pay the least tax legitimately possible and how to keep records so that accounting and tax preparer fees are reduced. Self-Employed Tax Solutions is not written for dummies but for bright, intelligent people who don't understand the business side of their solo ventures. It's the one indispensable book that self-employed people need to survive and to succeed in a business environment where the tax laws and regulations are structured not for them but for corporations and employees. | ||
Reviews | ||
Perfect for the self-employed artist! I'm a full time artist and bought this book to make sense of my tax mess. It was entertaining to read, and laid out a clear and easy plan for me to follow. This is EXACTLY what every artist needs to read. | ||
Full of useful information! This book is head and shoulders above most other books on the market of its kind. Most books gloss over and repeat what is freely available in the tax booklets; this book explains and expands on that information. Plus, it gives you tips on how to plan ahead so as to take legal advantage of the tax opportunities offered within the tax code. It is well organized and a certain reliable resource for self employed individuals. | ||
Author is windy. Book is OK. There are better out there This book was OK. I agree with the alliteration criticism of the other reader. Too much like fantasy. Too many references and suggestions that you MUST get a professional preparer or take your records to a professional preparer/accountant. Why bother reading this book if I wanted to pay someone else to do my taxes? The author's "Most Simple System" is a re-hash of Fluery's "No Entry Accounting" system in his book from years ago called "Small Business Survival Guide" only Fluery takes it a step further and recommends you doing your own taxes. Ms. Walker takes you to the brink of this but falls short. You've already done 95% of the work with her "system" so why not finish it? I recommend you start with this book then read "Small Business Survival Guide" and you'll be in good shape and not have to pay an accountant to do your taxes. Fluery's book is out of date but the Schedule C hasn't changed all that much since that book was published. Get a new version of Sch. C, combine the info from both books and you are all set. Finally, this book repeats itself over and over. It could be half as long. | ||
Simply The Best By far the best self-employed book on taxes that I have read to this day! A must read for anyone who has been in business and would like to understand better what the CPA is saying, and a definite must for anyone thinking about being self-employed. | ||
Small Business Answers "Self-Employed Tax Solutions" is an excellent self help start to treating your cottage industry as a business and working your way through the intricacies of filing federal taxes as a small business. Ms. Walker's explanations are clear and well illustrated. We had no trouble understanding each point and applying the rules to our own small business situation. The only problem we found was her citing a court ruling, putting it in quotes, and not providing a bibliographic source. Both the glossary and the index are adequate for the novice readers. The style was breezy and light, which made the reading easy. A good place to start for an entry level "indie" who needs basic tax information. She has several "wish I'd thought of that" ideas for keeping records and saving time. Nash Black, author of "Taxes, Stumbling Blocks and Pitfalls for Authors." | ||