AUDIENCE FOR BOOK: This book is for small business owners who want to learn tax strategies for saving money and understand the tax consequences of their business decisions. Useful for owners of any type of small business (sole proprietorship, partnership, LLC, corporation) or those thinking about going into business and trying to decide which business entity is best for them. This book explains how small business owners can take advantage of the many tax benefits available to them--from business deductions to fringe benefits to retirement plans. Practical tax information every small business owner needs to know to set up and run a business and avoid problems with the IRS.Completely updated each year with the latest tax breaks, numbers and IRS rules.