From mygear

I've incorporated 3 businesses and every time I do it, I get a better feel, tax-wise, for what a business is and how it should be optimized for profitability at the end of the year and not just on paper. When running a business, it's so important to understand your taxes and maintain good accounting practices. If you're not aware of taxes or accounting you could be working your butt off and running your business into the ground and not even now it. Or you could think you have money you don't really have.

I've spent a lot of time over the past few years trying to understand my taxes and perfect my accounting practices so my knowledge base on the subject is always increasing; however, I think I've found a pretty good book and believe it should help just about everyone interested in their business taxes. The book is called "JK Lasser's Small Business Taxes 2009: Your Complete Guide to a Better Bottom Line" by Barbara Weltman. You can read through this book or use it as a reference. It will help you understand how to define most financial activities of your business and exclude others, ultimately giving you a better perspective and more control of your business.

Labels: Social-Buying