Lesson 2: Schedule C and other small business taxes · 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 […]
Lesson 3: Filing and Paying Taxes Electronically · Sole Proprietor · Partnership · Corporation · Charity or Non-profit · Do you pay your taxes electronically? · Benefits of Paying Electronically · Electronic Funds Withdrawal · Electronic Filing Tax Payment System (EFTPS) and EFTPS Payment Methods Register here: https://sbed.ecenterdirect.com/events/1019101
Lesson 4: Business Use of Your Home · Simplified Home Office Deduction · Qualifying for business use of the home deduction – Exclusive Use Test · Test Your Knowledge – Exclusive Use Test · Test Your Knowledge – Exclusive Use Test · Regular Use Test · Test Your Knowledge – Regular Use Test · Principal Place of Business Test · Activities that don’t […]
Lesson 5: Federal Taxes When Hiring Employees or Independent Contractors · Employment Taxes · Worker classification - Employee or Independent Contractor · Behavioral Control · Financial Control · Relationship with worker · Determining worker status · Employer responsibilities if you have employees · Determining eligibility of employees to work legally in the U.S. · Form W-4 · Verification of employee SSNs · Form W-2 Wage and […]
Lesson 6: Managing Payroll to Withhold the Correct Amount of Taxes · Wages and Calculating Payroll · Calculating Payroll · Calculating Payroll: Tips · Allocated Tips · Tip Rate and Education Program · Calculating Payroll: Non-Profits · Calculating Payroll: Farm workers · Calculating Withholding · Calculating Withholding: Wage Bracket Method · Calculating Withholding: Percentage Method · Other Withholding - Social Security, Medicare, and Additional Medicare Taxes […]
Lesson 7: Tax Deposits and Filing a Return to Report Payroll Taxes · Making tax deposits · Deposit Due Dates · Determining Deposit Schedule – Using Lookback Period · Monthly Depositor · Semiweekly Depositor · $100K Next-Day Deposit Rule · Late Deposit Penalties · Electronic fund transfer for federal tax deposits · Reporting Payroll Taxes · Completing Form 941 · Wage Base · Penalties and Interest · Benefits […]
Lesson 8: Hiring People who Live in the U.S. who Aren't Citizens · Determining a worker's tax status · Individual Tax Identification Number (ITIN) · Work Eligibility · Resident Alien · Nonresident Alien · Calculating withholding · Exception to General Rules for Withholding · Employment taxes · Nonresident alien independent contractors · Filing employment tax returns Register here: https://sbed.ecenterdirect.com/events/1019106
