Letters From Uncle Jules

Book excerpt: This book is a succinct compilation of ideas and strategies, written in layman's language to help the small business owner deal with taxes. It lists ways to write off expenditures for basic needs such as food, clothing, housing, and travel. It teaches why it is important for the small business owner to do business as a corporation or limited liability company and to work with multiple entities. It sets out why you should involve family members in your business and ways you can legitimately write off meals, travel, and entertainment expenses. This book will guide you in deducting car and truck expenses you use in your business. It outlines how you can write off home office expenses and how you can build tax-free equity through your home. It gives guidelines for avoiding government audits and prescribes helpful advice in the event you are selected for examination. It even sets out rules for numbers in your returns and ways to avoid having them become audit flags.