97% of small business owners overpay their taxes to the tune of $160 Billion dollars a year. The two primary reasons for this is poor recordkeeping and not knowing what they can deduct. This book addresses both of these problems with chapters on setting up your business, what records to keep, a small business deduction checklist followed by easy to read and understand explanations of each deduction. Also included are chapters on hobby versus business, employee versus independent contractor and qualifying and taking the home office deduction. A 2012 Edition is Now Available