Hear from an expert speaking on behalf of the IRS. Find out what you need to know to take the office-in-the-home deduction including how to qualify, how to determine business percentage, which types of expenses to include, and how to include them.
This workshop will provide an overview of Form1040, Schedule C, Profit of loss from Business, and discuss how to calculate gross profit and gross income. We'll show you how to identify and deduct expenses, as well, discuss how to calculate net profit or loss and discuss which schedules to file. Also, some areas on Form 1040 will be highlighted, Us individual Income Tax return, that may be of interest to small business owners and a discussion on self-employment tax and estimated tax.
Sunday, August 12th; 2-3:00 PM - Register here.
Learn the purpose of an EIN number and the fundamental methods between bookkeeping and accounting.