Small Business Learning Center

Income Tax Basics for Small Businesses
Small Business income taxes can be confusing - especially the first year of operation. This FREE webinar for Small Businesses, LLC or Sole Proprietorships (a husband/wife owners is a One-Owner to the IRS) is designed to discuss the more complex issues you will face as a business owner. It is not designed to make you a tax expert but arm you with the tax principals so you can make decisions and select options for you self and the business. The topic is divided into two parts and two webinars.

Part 1 - Tax Basics the Business- Schedule C - 44 min.

A sample Form 1040, Schedule C and its' key elements
Use of personal car and a home office
Cost of Goods Sold for a businesses with inventory
Start-up costs incurred prior to opening
Independent contractors versus employees
Expense new equipment or depreciate?
Other business related deductions
Comparison to a Partnership Form 1065
Comparison to a S Corp Form 1120S

Part 2 - Tax Basics for the Business Owner - Form 1040 - 26 min.

Sample Form 1040 and its' key elements
Integration of Schedule C and its' implications for the owner
Adjustment of Total Income for Self-Employment Retirement
Adjustment of Total Income for Self-Employment Health Insurance
Quarterly income tax and Self-Employment estimates
LLC's option to be taxed as a S Corporation
PC tax software and sources of help

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Register Now! Upon registration you will receive an email with the URL to our website to view the presentation, plus, it will include the Username and Password. You can then view it as many times as you like. You can also download the slides to follow the presentation. You can also download a Handout Kit of the key forms.

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