Tuesday, September 4, 2018

Independent Contractor, Sole Proprietor, and LLC Taxes Explained in 100 Pages or Less

Independent Contractor, Sole Proprietor, and LLC Taxes Explained in 100 Pages or LessIndependent Contractor, Sole Proprietor, and LLC Taxes Explained in 100 Pages or Less by Mike Piper
My rating: 3 of 5 stars

This wasn't a bad book. It was a fast read, and terms, ideas, and facts were represented in clear, understandable writing. I learned some good things from it. But I didn't learn everything I wanted or needed to. As part of a two person LLC, I needed some explicit tax advice, particularly as to how such LLCs are taxed as partnerships and the trickle down effects on personal taxes that has, as well as how to record startup expenses, what sort of liabilities such entities face, etc. I had to turn to an alternate book that had much more information specifically for LLCs. And perhaps that's my own fault, because the book does specify that LLC taxes (there are none for LLCs, to be precise, as I discovered come tax season) comprise only a third of the book via the title, but sometimes it felt like LLCs were the stepchild of the book, while the first two types of jobs/business owners were concentrated on a bit more. Or maybe I'm just being sensitive, I don't know. Whatever the case, as I said, it's not a bad book, but I suspect if you're an independent contractor or a sole proprietor, you'll get more out of it than if you're involved in an LLC. Recommended for certain audiences.

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