Now in its sixth edition, the CCH Tax Guide is created specifically to help small business owners manage their taxes, prepare their 2003 tax returns and begin planning for 2004. The book is available in bookstores nationwide for $17.95.
“For the third consecutive year, small businesses stand to benefit from a major tax-cut package. In order to make the most of tax savings opportunities, though, they need to understand what the laws are, how they apply and when they take effect,” said Drew Snider, publisher of CCH Toolkit Tax Guide 2004.
CCH Toolkit Tax Guide 2004 offers clear, step-by-step explanations and tools covering all facets of tax planning and preparation, including how to:
- Claim all available business deductions;
- Decide if home-office deductions are right for you;
- Maximize overlooked deductions for auto, entertainment, health care and depreciation expenses;
- Address contributions to employee benefit and retirement plans;
- Determine eligibility for tax credits and how to claim them;
- Identify what the IRS looks for in an audit and the best approach dealing with IRS inquiries; and
- Determine the best form of business organization and tax implications for those entities.
Clear detail on the most complex tax topics
With rules phasing in and out various tax laws, it becomes more important than ever to keep straight which credits, deductions and other tax savings are available and when. However, it’s also increasingly complex.
“Mid-year tax law changes regarding first-year depreciation of certain property and capital gain tax rates are among the dozens of items that could potentially allow small business owners to significantly reduce their tax obligations, but they need to know what to look for and what it means,” said Paul Gada, author of the CCH Toolkit Tax Guide 2004.
The CCH Tax Guide helps to diminish this complexity using clear language to help entrepreneurs through the tax maze, as well as hundreds of tips, examples, charts and tables to equip them with the information they need to make informed decisions that best meet their particular situation.
Combining Print with Online
Purchasers of the CCH Toolkit Tax Guide 2004 will be able to both prepare and electronically file a federal and a state income tax return at no additional charge via CCH CompleteTax (www.completetax.com).
The same team of tax, financial plan-ning and small business experts who have produced CCH Toolkit Tax Guide 2004 also is responsible for developing the online service for small businesses, CCH Business Owner’s Toolkit (www.toolkit.cch.com).
The CCH Financial Planning Toolkit site (www.finance.cch.com) also provides individuals with year-round access to financial planning information on topics like retirement, estate planning and investing, as well as more tax guidance.