Don't Let the IRS Destroy Your Small Business : Seventy-Six Mistakes to Avoid
by Michael Savage
Problems resulting from tax law blunders aren't new. Tax attorney Michael Savage contends, however, that small businesses that run afoul of the Internal Revenue Service and face big fines are often not guilty of malfeasance; rather, he says, they simply lack the wherewithal to handle complicated regulations as competently as their larger counterparts. In Don't Let the IRS Destroy Your Small Business: 76 Mistakes to Avoid, Savage lays out major potential stumbling blocks and in easy-to-understand language outlines ways to avoid them.
In this lively book, veteran tax attorney Michael Savage provides essential tax advice to small business owners who often get into deep financial trouble--not because they're any less honest, but because they don't know where the potential tax land mines line.
It's $12 today or $12,000 tomorrow....
My book is simply a compilation of the mistakes that, in my New York law practice, I have seen business people make over and over again during the last 25 years. It's quite remarkable: whatever the business, wherever it's located, whether it has one or 100 employees -- the owners keep making the same mistakes. And these are successful business people (that's why they have tax problems in the first place).
If you come to someone like me because trouble with the IRS has already begun, you can count on a legal or accounting bill of thousands or tens of thousands of dollars, and frequently in a losing cause. As you well know, my tax colleagues and I are happy to help out after the trouble starts -- but I hope that, by spending $12 on my book, you won't need people like us. With income taxes, an ounce of prevention can sometimes be worth a million dollars of cure.
How small a "small business" to you need to be to learn from my book? Anywhere from $5000 to $50 million: if you don't have an in-house tax attorney or tax accountant (as the big guys do) to help you avoid these 76 mistakes, then I'm afraid you have to know how to do it yourself, or at least be able to recognize when you may be heading for trouble. The Alice-in-Wonderland tax laws are the same for all businesses, large and small; the question is whether you have to spot the traps on your own.
You don't have to read my book from cover to cover (why would anyone want to?). Just keep it near your desk, glance over the table of contents from time to time, and read the parts that make you feel warm under the collar.
I hope it helps.