• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
Big Ideas for Small Business logo

Barbara Weltman

Big Ideas for Small Business, Inc.

Whitepaper download

Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."

This field is hidden when viewing the form
Get the:

  • Home
  • About Us
  • Big Ideas For Your Business
    • Idea Of The Day ®
    • SMB Legal
    • SMB Taxes
    • SMB Financial
    • Small Business
    • Newsletter Archive
  • Services
  • Books
  • Blog
  • Multimedia
    • Videos
    • Radio Shows/Podcasts
  • Be a Guest Blogger

J.K. Lasser’s Small Business Taxes 2020

December 5, 2019 / By Barbara Weltman

small-business-taxes-2020-barbara-weltmanThe 2020 Edition Book Review

For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and their tax advisors. The 2020 edition for preparing 2019 returns as well as tax planning for 2020 has been updated to incorporate new laws, court decisions, and IRS pronouncements. As has been my practice, I’ve written my own book review to explain the purpose of the book, what’s new, and what’s ahead.

Why small business owners need a tax book

If you’re like the vast majority of small business owners (86%), you use a CPA or other tax pro to prepare your business returns. You may even work with tax experts on specific matters, such as succession planning, inventory management, and payroll.

However, it’s my belief that all small business owners need to be informed about taxes and can’t rely solely on tax professionals. The reason: owners, not their accountants or software, run their businesses and make decisions impacted by taxes on a daily basis.

  • Should you hire employees or engage independent contractors?
  • Should you buy or lease equipment?
  • What type of financing should be used?
  • Who should own the truck—the owner or the company?
  • What are the consequences of offering your employees a particular type of health care arrangement, or opting not to offer any medical coverage?
  • What are the tax implications of various employee benefit plans and how do you offer them without messing up and incurring penalties?

You may get information from your CPA that’s helpful to your business. But you can also educate yourself, without incurring professional fees, by reading my book. In the least, you’ll be able to ask your tax pro the right questions to protect your business and cut your tax bill.

What the book includes

Amazon says:


“J.K. Lasser’s Small Business Taxes 2020 is the small business owner’s ultimate guide to a money-saving, stress-free tax season. Providing straightforward advice from the nation’s most trusted tax expert on small business taxes, this book gives you the answers you need quickly, with clear, concise guidance. Updated to cover changes from the Tax Cuts and Jobs Act and other legislation, this edition also includes an e-supplement covering additional developments from Congress and the IRS to keep you fully up-to-date…. Keeping up with the intricacies of tax law and filing is a full-time job—but it’s not your full-time job. You have a business to run. This book gives you the guidance you need in the time that you have so you can get taxes out of the way and get back to work…. Every year, millions of small business owners overpay their taxes because they lack the time and expertise to make tax-sensitive business decisions throughout the year only to learn that it’s too late to act when it comes to tax time. Now you can put your money back where it belongs―in your business.”


Looking ahead

The tax law doesn’t stand still. There are always new laws, cases, and rulings that arise after the publication of the book. For example, Congress is still considering a technical corrections bill, an extender bill, and the SECURE Act to make dramatic changes in retirement savings plans. (It may not get around to these matters in 2019 but could do so early in 2020 and make changes retroactive to the 2019 return.) For this reason, there’s an online supplement to explain last-minute developments that may impact tax return preparation for 2019 and tax planning for 2020 and beyond. The supplement is free and should be posted early February 2020 on my website.

Interacting with readers

Each year I receive emails from readers asking questions, suggesting future inclusions, and sometimes pointing out errors. I’m very grateful for this communication, which helps me continually improve the book and provide valuable assistance to small business owners. If you have thoughts on the book, email me at barbara @ BigIdeasForSmallBusiness [dot] com.

Tags 2020 edition 2020 tax planning Barbara Weltman book review J.K. Lasser's Small business Taxes 2020 preparing 2019 returns small business taxes Taxes

Primary Sidebar

Categories

  • General Business (498)
  • Guest Blog (109)
  • Homepage (21)
  • Small Business (990)
  • SMB Financial (322)
  • SMB Legal (66)
  • SMB Taxes (324)

Barbara’s Recent Posts

  • Scale Your Business by Stepping Up IP Protection May 29, 2025
  • Disasters Happen: It’s Important to Be Prepared Now May 27, 2025
  • How Work Order Software Transforms Small Business Operations May 26, 2025
  • The Numbers Are Up for Sole Proprietorships May 22, 2025
  • New Business or Project Crowdfunding: What To Know May 20, 2025
  • Old-School Estimating vs. Smart Solutions: What’s Really Holding You Back? May 19, 2025
  • Employees Getting Called to Public Service: What to Know May 15, 2025
  • Not Too Late to Prep for Summer Now May 13, 2025
  • How Will the Next Generation of Learners Affect the Workplace May 12, 2025
  • Moms Know Best: Lessons for Entrepreneurs May 8, 2025
  • Mental Health Challenges in the Workplace May 6, 2025
  • Let’s Celebrate Small Business! May 1, 2025
Awarded Top 100 Small Business Blog medal (link will open in a new window or tab)
Marquis Who's Who 2023 Badge
Top Small Business Blogs (Link will open in a new window or tab.)
8 Financial blogs small business Owners Need to Read. Invoice home.  (link will open in a new window or tab)
Best Small Business Blog, Expertido.org
Top 50 Small Business Blogs 2018
Best Small Business Blogs
BizHumm Top 100 Business Blog Award to Barbara Weltman
FitsSmallBusiness.com: Award for Best Small Business Blog 2017 (link will open in a new window or tab)
FitsSmallBusiness.com: Award for Best Small Business Blog 2016 (link will open in a new window or tab)

Footer

Big Ideas for Small Business logo

Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

Contact Us

[email protected]

(772) 492-9593

gacor maxwin situs slot thailand terpercaya situs slot gacor situs gacor akun pro thailand slot bandar togel terpercaya

Latest Tweets

bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
May 31

Starbucks Rediscovers Its Human Side - Branding Strategy Insider https://bit.ly/3H9KwHP #smallbusiness #branding #marketing

Reply on Twitter 1928884285445931367 Retweet on Twitter 1928884285445931367 Like on Twitter 1928884285445931367 2 Twitter 1928884285445931367
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
May 31

New Business or Project Crowdfunding: What To Know - https://bit.ly/43nclnL #startups #loans #crowdfunding #smallbusiness

Reply on Twitter 1928862798886441182 Retweet on Twitter 1928862798886441182 Like on Twitter 1928862798886441182 1 Twitter 1928862798886441182
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
May 31

10 Simple Ways to Get Employees to Quit — Improve Your HR https://bit.ly/44KRu01 #smallbusiness #workplace #hiring #employees

Reply on Twitter 1928844506998136977 Retweet on Twitter 1928844506998136977 1 Like on Twitter 1928844506998136977 1 Twitter 1928844506998136977
Load More

Copyright © 2008–2025 Big Ideas for Small Business, Inc  |  Designed by Hudson Fusion

  • Privacy Policy
  • Sitemap