Introduction to Business Taxes

Event description

Filing your business taxes requires accurate record-keeping and an understanding of the requirements. The purpose of this workshop is to provide an overview of what you will need to do to handle your small business taxes correctly. Stacha Duffy is a Stakeholder Liaison with the Internal Revenue Service will teach this workshop.

 The topics we will cover in this 90-minute presentation include setting up an Employer Identification Number, the importance of recordkeeping, booking systems and accounting methods, understanding the different in business structures (sole proprietorship, partnership, corporation, LLC, and others), identifying common business expenses, filing your taxes and other topics.