This clearly written book offers a handy guide to tax strategy for the rich and for those who hope to be rich. Author Diane Kennedy, a certified public accountant, provides basic information on common tax risks and opportunities. Without using burdensome jargon, she explains the fundamentals of financial reports and record keeping. Her approach is commonsense and straightforward she doesn't make outrageous promises or exotic, inapplicable recommendations. The title is slightly misleading. This book is not really about loopholes, but rather about sound planning and management - especially for business owners. It does get into the minutiae of tax law, which is subject to change, so some of the details may have a short shelf life, and much of the advice will have little applicability outside of the United States. Nonetheless, we recommend this basic guide to anyone who needs a fundamental introduction to personal financial and tax management in the U.S.

I thought this book was excellent! I learned quite a lot from reading it and hope to really apply what I have learned to my finances. It was jam packed with helpful tips and ideas on how to take full advantage of tax loopholes. I would recommend this to any small business owner!!