Create a business tax strategy that will save you time, effort, and moneyGetting your tax matters on track will free up your time to do what really counts: run a profitable business. Tax Savvy for Small Business shows you how to: maximize business deductionswrite off long-term assets quicklytake home office deductionsuse your business to save for retirementsave taxes in your family businesstrack and report employment taxesoffer fringe benefits and retirement plans to your employeeskeep solid business records, andhandle an IRS audit.This completely updated edition covers changes in tax rates, deductions, and credits. The 23rd edition also identifies important small business tax benefits that are scheduled to expire after 2025. Tax Savvy for Small Business is the up-to-date resource you need to maximize your deductions and boost your business's bottom line.