5.0 out of 5 stars
Really glad I found this before April 15, Mar 16 2002
This review is from: Minding Her Own Business: The Self-Employed Woman's Guide to Taxes and Recordkeeping (Paperback)
A friend recommended this book to me because I just started my own computer consulting business last year and I also was paid as an independent contractor. At first I wasn't going to get it because the title made it seem like it was directed to women. But I looked through my friend's copy and realized I wanted my own. The examples used in the book are all women's names but otherwise there's nothing that's just for women. It's really clearly written and has a lot of information about deductions and estimated tax payments -- the two areas I was the most unsure of. Also, the tax forms that need to be filed are shown and, although I'm using Turbo Tax to do my return, I was able to compare those forms to what came out of Turbo Tax so that I know (or at least am pretty sure!)that I've done everything right. I think this book will really save me hundreds of dollars in accounting and tax prep fees.
Help other customers find the most helpful reviews
Was this review helpful to you? Yes
No
4.0 out of 5 stars
A Fairly Good Introduction To Business Taxes, Mar 13 2002
This review is from: Minding Her Own Business: The Self-Employed Woman's Guide to Taxes and Recordkeeping (Paperback)
Jan Zobel is an enrolled agent with the IRS and has prepared over 6,000 tax returns. Her book, "Minding Her Own Business: The Self-Employed Woman's Guide to Taxes and Recordkeeping" draws upon her experience to help people new to small business get a basic understanding of recordkeeping, accounting, and taxation issues that affect small business.
The book covers setting up a receipts sheet and a disbursement schedule. "Minding Her Own Business" is written mainly for sole proprietors. The book is much like a "Small-Time Operator" for women.
If you wonder what expenses are deductible or how to minimize the chances of an IRS audit, the book has excellent chapters. One hint from Zobel's experience is "The More you break down your expense categories, the less chance of being audited." The advice is solid.
There is also an excellent discussion of the difference between independent contractors and employees. (this info is widely available free online) And, another great chapter discusses (with worked-out example) of how to make your quarterly estimated tax payments.
The only weakness of "Minding Her Own Business" is that it only teaches single-entry bookkeeping and not the more robust double-entry accounting. (And, there are many good introductions to basic recordkeeping for business owners) Yet, the simplified single-entry accounting is still preferred by many small business owners. Also, given Zobel's vast experience, I would like to see a chapter devoted to S-Corporation taxes and a more thorough discussion of financial statements.
Overall, if you are new to taxes and recordkeeping, I recommend this book.
Peter Hupalo, Author of "Thinking Like An Entrepreneur."
Help other customers find the most helpful reviews
Was this review helpful to you? Yes
No
5.0 out of 5 stars
The only book you need to start your own business!, Jan 21 2002
By A Customer
This review is from: Minding Her Own Business: The Self-Employed Woman's Guide to Taxes and Recordkeeping (Paperback)
Fabulous book! I've read several books on this subject, and after reading this one-I'm getting rid of all the others. This book answered every one of my questions. Very easy to find the info you need, and very easy to understand. Highly recommended!!
Help other customers find the most helpful reviews
Was this review helpful to you? Yes
No