For anyone seeking financial freedom, business ownership is the single best path. Not only could it provide a more lucrative income stream than a second job, but it also allows the owner to take advantage of favorable tax laws for businesses.
With a basic knowledge of available deductions, business owners can save up to thousands of dollars per year. Author Kara Krystina Ostroski-Francis, Esq., is a lawyer and entrepreneur who witnessed the benefits of business ownership early in life. These are the strategies she uses herself and that she recommends to clients.
Each chapter explains a different tax deduction strategy, from dining and entertaining to travel, as well as illustrates what that strategy looks like in practice. The most overlooked tax break for entrepreneurs is saving for retirement, and Kara Krystina reveals how to save much more than is permitted under employee tax law. Finally, each strategy is accompanied by a full explanation of the required documentation.
These strategies are easy to implement and should be put into daily practice. Tax Deductions for Entrepreneurs offers straightforward explanations of the most useful tax deductions for business owners, and it includes all the information you need to thrive.
About the Author: Kara Krystina Ostroski-Francis, Esq., is an attorney, author, and entrepreneur who transformed her enthusiasm and bold flair for life into a rewarding career. For nineteen years, she was a tax and corporate-business attorney, as well as a successful business owner. These specialized experiences gave her a vast knowledge of the tax advantages of owning a business, entrepreneurship, and tax deductions as a strategy to create wealth.
Kara Krystina was featured in Success magazine for her entrepreneurial spirit, and she was recognized twice in Success from Home magazine. Her Simply Stated series includes four books that cover a range of tax-deduction strategies.
Currently a professor of business law, Kara Krystina offers tax guidance at her website, www.karakrystina.com. For help with specific tax questions, she can also be reached at kara@karakrystina.com.
