AUDIENCE FOR THE BOOK: This book is for small business owners who want to learn tax strategies for saving money and also understand the tax consequences of their business decisions. Useful for any type of small business owner (sole proprietor, partnership, LLC, corporation) or someone thinking about going into business and trying to decide which business entity is best for them. REASONS TO BUY 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 Provides 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 to cover the new tax law, the Tax Cuts and Jobs Act, and how it affects small businesses. There are significant changes for small businesses under the new tax law, including a new 20% pass-through deduction, changes to Section 179 and bonus depreciation, and the elimination of certain deductions and credits, such as business entertainment and reimbursement of employee expenses.