Internal Revenue Service:Small Business Workshop

While attendance is FREE, I do ask that people wishing to attend pre-register. Links are on the attached flyers, but for your convenience, I have included them below.

Small Business Workshop Part 1 In this virtual presentation, we introduce you to basic small business practices and concepts. This workshop covers: Employer Identification Numbers, Recordkeeping. Bookkeeping systems, Accounting Methods, Types of Business Structures, Sole Proprietorships, Partnerships, Corporations, S Corporations, Limited Liability Companies, Sharing or Gig Economy and Choosing a paid preparer. 

Small Business Workshop Part 2 In this virtual presentation, we introduce you to basic small business practices and concepts. This workshop covers: The Qualified Business Income (Section 199A) Deduction, Completing Schedule C Part 1, Gross Receipts and Returns & Allowances, Cost of goods sold, Gross Profit and Gross Income, Bartering, Completing Schedule C Part II, Car and Truck Expense, Depreciation, Tax Cut and Jobs Act of 2017 – Changes to Expensing and Depreciation, Legal and Professional Services and Office Expenses, Supplies, Travel, Meals, and Entertainment, Net Profit or Loss, Possible Deductions on Form 1040

Direct Links:

Workshop 1 1:00 p.m. January 21, 2025 https://events.gcc.teams.microsoft.com/event/9daf29bd-c994-4847-918f-5290a5cf28b3@f2372b85-8802-490c-b196-7b96c73fee3b

Workshop 2 1:00 p.m. January 28. 2025 https://events.gcc.teams.microsoft.com/event/4f071ac1-5512-443b-81b1-acaeb8ee27f3@f2372b85-8802-490c-b196-7b96c73fee3b