Tax Benefits for Business Owners
Tax Benefits for Business Owners
This page accompanies a small portion of the chapter, Advantages of Firing Your Job and Hiring Yourself, in the book, Hire Your Job, Fire Yourself.
“There may be liberty and justice for all, but there are tax breaks only for some.” – Martin A. Sullivan
Quick Legal Notice: You are free to use these spreadsheets, worksheets, and other materials for your business, but you may NOT sell them, give them away, or use them any purpose other than your own business needs. For example, you cannot tweak them and then post them as your own. You cannot use them while consulting for other clients. You cannot share them publicly or privately. In all of these cases, except private self-use, you will need to obtain permission to use this copyrighted material. And if you use this for your own private use, you must leave our copyright notice intact. If you violate this requirement, Guido, our kneecap adjuster, is very efficient in his work. He’s also a great lawyer. Also, don’t forget the general fine print that accompanies this website.
Tax Benefits for Business Owners
Blah blah
Here is some additional sources of information about the tax benefits for business owners:
- IRS
- SBA
- Investopedia has a helpful article that explains about self-employment taxes and several of the deductions that can be taken.