The Tax Effects of Writing eBooks - Kindle Non-Fiction

The Tax Effects of Writing eBooks (The Top 100 Business Series of 2013) 
by Alexander Schaper 

Going into business has many advantages that you might not see on the surface. The more you look at going into business, the more evident it becomes just how profitable it can be, simply because you are “self employed”. The main intent of this book is to outline the many advantages and tax consequences of self employment. Tax consequences are a positive way of looking at being able to write off everything from that laptop computer you always wanted to as far out as a new car. The “tax consequences” can be the positive “consequences of current tax law, with the government in some cases paying you back, half of what you spend ….in the form of tax savings. In the coming pages we will go into great detail to point out many of the reasons for you to be in business for yourself.

It’s about business. Yes, we will go into a number of specific businesses and change the title for each one. Most of the content will be the same however, since depreciation on a 2007 pickup truck used for business in a tree trimming company is going to be the same dollar deduction if the truck is used in a Thrift Store. We are going to cover the most common used deductions in almost all businesses. Rent is going to be rent regardless of the type of business it is used for. The use of a telephone and advertising is basically the same also. We are however going to get specific in certain deductions that are taken for a specific industries. Did you ever wonder why many well known businesses schedule sales meetings or introduce new products in major tourist cities? Why do several major franchises in America, hold their seminars and training in places like Hawaii or St. Thomas? Attending Seminars can make a huge difference in Las Vegas or the Islands if you take a couple of your clients a long with you and pick up the tab. We can tell you the rules for doing that. For years, it was understood that hedge fund managers and stock manipulators were taking clients to Studio 54 in New York City and a lot of expensive drinks were consumed. The next day an order was expected from the client, and the strategy worked. If a company didn’t entertain clients, it didn’t get the same amount of orders as the competitor who was entertaining.

In the coming pages we will look at the most common fifty deductions and address a few score more on not so common deductions. We will lead you through what it really means to be able to write off just about everything used in a trade or business but write off very few of those things if used at work for an employer because of limitations. We also go into great detail as to what constitutes a Contractor or Sub Contractor and what makes you an employee that receives a W-2 as opposed to a 1099 and what the tax effects mean to you as an individual. We will talk about specific businesses and ease of entry into that business. Many new lawyers try to write off their law school tuition, but it cannot be done if it qualifies you for a new trade or business. Continuing education however, required by the Bar Association or the AICPA is deductible and we will explain the difference to you. We might even throw in some of the latest lawyer jokes. I even have IRS jokes for when John is out of the office and leaves me unchained for the afternoon. So pull up a chair, pop open your favorite brew or a cup of really good coffee.

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