Schedule C and Other Small Business Taxes - Session 2

Event description

Tax season is here! Join the U.S. Small Business Administration (SBA) and the Internal Revenue Service (IRS) for an informative five-part Small Business Tax Workshop Series. Participants are encouraged to attend as many sessions as possible.

The first three sessions are relevant to all small business owners, regardless of the type of business or whether you have employees. The final two sessions are designed for those who currently have employees or are considering hiring in the future.

Session 2 - Schedule C and Other Small Business Taxes
Understanding how to complete IRS Form 1040 Schedule C is essential for small business owners, freelancers, and sole proprietors because it directly impacts their tax liability and financial health.

In this segment, we'll provide an overview of

• Schedule C (Form 1040) Profit or Loss from Business
• How to calculate gross profit and gross income
• How to identify and deduct expenses
• How to calculate net profit or loss
• Self-employment tax and estimated tax

For more information, contact Monica Stuber at (361) 360-0319 or monica.stuber@sba.gov

The U.S. Small Business Administration provides programs and services on a nondiscriminatory basis. Moreover, SBA can make reasonable arrangements for persons with disabilities if requested at least two weeks in advance.

The SBA's participation does not endorse any opinion, product, or service of the organizations in attendance. The SBA organizes informational workshops for business development purposes only.