Small Business Taxes - 11/10/22 November 10, 2022, 11:00am PST November 10, 2022, 1:00pm PST

Income Tax Basics for the Small Business

As a small business owner knowing the basics of taxes will help save you money and keep you out of trouble. In this class we will discuss business entities and the different forms for each. We will talk about what is deductible and what is not and where to you use them. How profits and distributions effect your tax bill and many other important subjects that you should know as a business owner.

Key Topics:

  • Choice of business entity
  • The 1st years tax elections and their effect
  • How to deduct assets
  • Deducting your auto
  • The returns that you will need to file
  • The areas that the IRS focus on, should be audited
  • Tax planning techniques

Learning Outcomes: People who attend this class will learn:

  • About the importance of quarterly tax payments
  • How profits vs. distributions affect your tax bill
  • What taxes business owners need to pay
  • How to reduce your taxes and save for the future
  • What credits you can claim

Registration Information 

Registration Fee: Free


The link to join this video conference class will be included in your registration confirmation email.

If you have trouble registering, send an email to siliconvalley@scorevolunteer.org

About the Presenter(s)

Bill Oakes

Bill can help new and existing small business owners in establishing and analyzing financial systems, including Quickbooks; creating business plans, developing and implementing business goals using his years of experience with previous business owner clients. Bill can provide tax help, business financial projections and analysis assistance, along with marketing guidance. If you need help with...

Key Topics

Small Business Taxes - 11/10/22