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."

56 of 60 found the following review helpful:

Insightful Info about All Areas of the Tax Code  Nov 02, 1999
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!

39 of 40 found the following review helpful:

New information worth buying  Apr 23, 1999
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.