Complete Entrepreneur's Guide to US Taxation
After marking the 10th anniversary of me filing my first tax return for a client, I regret to tell that I know almost nothing about taxes. Probably, I know a little more than an average person, but I am still learning every day. Therefore, I am extremely grateful to everyone who helps me learn. I am talking, of course, about people that ask me questions. There is nothing more rewarding for a professional than to get a challenging question and dig out the right answer. At some point, you realize what are the most commonly asked questions. That is what made me write this book. It is based on the most frequently asked questions by my clients. This book is not a replacement for an accountant or a lawyer. However, it provides enough information to a business owner to make an informed decision on few key questions, such as where to open a company; which legal structure to choose; what and how much are the taxes he or she will be paying. After you have read this book, you will have a general understanding of the whereabouts of an entrepreneurial life.
We will start with an introduction to tax returns and principals of taxation. Then we will dive into the steps required to start a company, examining the most common legal structures and how they are taxed. We will then go over how each state taxes businesses and what are the registration requirements in each of them. We will continue with what it takes to hire employees and contractors, have a glance at W and 1099 form series. In the last sections of the book we will also go over the sales tax, international entrepreneurs in the USA and will end the book with a tax calendar showing all required forms and their deadlines per entity.
Constructive criticism is always welcome. At the end of the book, you can find my email address, where you can send your comments and feedback.
After marking the 10th anniversary of me filing my first tax return for a client, I regret to tell that I know almost nothing about taxes. Probably, I know a little more than an average person, but I am still learning every day. Therefore, I am extremely grateful to everyone who helps me learn. I am talking, of course, about people that ask me questions. There is nothing more rewarding for a professional than to get a challenging question and dig out the right answer. At some point, you realize what are the most commonly asked questions. That is what made me write this book. It is based on the most frequently asked questions by my clients. This book is not a replacement for an accountant or a lawyer. However, it provides enough information to a business owner to make an informed decision on few key questions, such as where to open a company; which legal structure to choose; what and how much are the taxes he or she will be paying. After you have read this book, you will have a general understanding of the whereabouts of an entrepreneurial life.
We will start with an introduction to tax returns and principals of taxation. Then we will dive into the steps required to start a company, examining the most common legal structures and how they are taxed. We will then go over how each state taxes businesses and what are the registration requirements in each of them. We will continue with what it takes to hire employees and contractors, have a glance at W and 1099 form series. In the last sections of the book we will also go over the sales tax, international entrepreneurs in the USA and will end the book with a tax calendar showing all required forms and their deadlines per entity.
Constructive criticism is always welcome. At the end of the book, you can find my email address, where you can send your comments and feedback.
After marking the 10th anniversary of me filing my first tax return for a client, I regret to tell that I know almost nothing about taxes. Probably, I know a little more than an average person, but I am still learning every day. Therefore, I am extremely grateful to everyone who helps me learn. I am talking, of course, about people that ask me questions. There is nothing more rewarding for a professional than to get a challenging question and dig out the right answer. At some point, you realize what are the most commonly asked questions. That is what made me write this book. It is based on the most frequently asked questions by my clients. This book is not a replacement for an accountant or a lawyer. However, it provides enough information to a business owner to make an informed decision on few key questions, such as where to open a company; which legal structure to choose; what and how much are the taxes he or she will be paying. After you have read this book, you will have a general understanding of the whereabouts of an entrepreneurial life.
We will start with an introduction to tax returns and principals of taxation. Then we will dive into the steps required to start a company, examining the most common legal structures and how they are taxed. We will then go over how each state taxes businesses and what are the registration requirements in each of them. We will continue with what it takes to hire employees and contractors, have a glance at W and 1099 form series. In the last sections of the book we will also go over the sales tax, international entrepreneurs in the USA and will end the book with a tax calendar showing all required forms and their deadlines per entity.
Constructive criticism is always welcome. At the end of the book, you can find my email address, where you can send your comments and feedback.