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 […]