Many businesses and self-employed individuals are paying more in taxes than legally required, unaware of the myriad deductions and write-offs available to them. Unlike other tax guides, this is an encyclopedia of legal deductions that entirely sidesteps tax loopholes, tax avoidance schemes, and questionable areas of law. This 6th Edition has been fully updated, cover-to-cover. Written in handy alphabetical order, the book saves readers the onerous, if all too typical, task of hunting through a maze of index entries. Complex, confusing tax and accounting terminology has been replaced with simple, straightforward English. Also included are inspiring quotes, little-known facts, and witty cartoons to cheer up readers as they tackle this often intimidating subject.