Customer Reviews

Don't Let the Irs Destroy Your Small Business: Seventy-Six Mistakes to Avoid

5 star:		(4)
4 star:		(1)
3 star:		(0)
2 star:		(1)
1 star:		(2)

 

 

The contents in this book are not really new. The author tends to exaggerate things quite a bit. Examples in the book may be true, but grossly sensationalized and hardly applicable to any real world case.

This book outlines 76 ways that small businesses often get in trouble with the IRS. A lot of these mistakes are very tempting to make -- in fact, one can argue that it's the tax law that's the problem in many cases, not the business practice. Nonetheless, the author makes clear the IRS position on these mistakes, and shows how damaging the mistakes can be when the IRS wins in tax court over the business owners.

Every small business owner should read this book. It's remarkably easy to scan and absorb, though the topics are often quite complex at their root. This book cuts through the complexity and makes clear what the dangers are. As the author writes in the introduction, "If things go wrong, it gets expensive. For this reason, you should know *where* things go wrong. Because usually they go wrong in the same place. To see your taxes doubled because you made the same mistake that thousands of other people made before you does not make good business sense."

All around great advise that covers practically every area of the tax code for a small business. My accountant can always answer a specific question but he has never put all my posible tax issues into one big picture. This book does that!

It covers all the major areas of the tax code such as paying employees vs. contractors, entertainment and meal expenses, retirement plans, loans, and S-Corporations. In all these areas are descriptions of the tax law, how the IRS enforces it, and what can go wrong.

Ignore the low ratings from the tax anarchist. This book is 5 stars!

I thought I had read it all when it comes to preparing yourself for the IRS, but I was wrong, there is new and useful information in here. It saved me money right away and I can see all the mistakes I have made in the past year in this book. If you have been in business you have made these mistakes. Good Book, could be longer.

Any system of income taxation leads to federal overspending, misspending and poor accountability to the citizens paying the taxes.

Read "Why Government Doesn't Work" by Harry Browne. It got way better reviews than this book!

Also, "Your Money or your life" is excellent.

Your best weapon against the IRS is knowledge. By that I don't mean knowldge about the tax code (which no human can understand anyway) but knowledge about the IRS itself and the history of income taxation in this country.

Your income taxes, for the most part, do not go to run the government. The 16th amendment was not properly ratified, and there is not law that you must file a tax return.

This tax system of ours is only about 80 years old, and has only gotten horrifically bad in the last 25 years. Like an evil tree, now it's finally bearing fruit. It alway will, until we cut it down and burn it.

Why must we end income taxation? Read "Your Money or Your Life" by Sheldon Richman and "Freedom in Chains" by James Bovard. You'll find out fast.

Until we do this, you have no power to let or not let the IRS do anything. Your only hope is to stand up to them.

As sole proprietor of a small business for over twenty-five years I thought, as others may, that I was reasonably familiar with the tax minefield. But was 'reasonably familiar' really good enough? Was I missing anything? The advice Michael Savage offers in his book has given me a measure of security I never imagined possible without a face to face meeting with a tax attorney.

Mr. Savage prepares the small business owner for the journey through the tax minefield with a clear, readable, and trustworthy checklist for diligence. Even those who believe that they have already charted a safe course can benefit from the comfort of a confirming expert.

There's good stuff here for small business owners of every description.

This is a book that will save you pain and heartache in any battle with the IRS or state taxing authorities. Learn about the expensive mistakes you can make trying to take shortcuts in managing payroll and other tax related expenses.

If you hire people, if you claim T&E deductions, if you try to maximize the benefits of owning a business, take a few minutes to read Savage's relevent insights.

The book is set up as an easy read; go through the stuff you really need now and go back to the other information later.

My accountant charges me $100 an hour and this $12 book saved me more money in the first few chapters than my accountant did all last year.