Business Tax Basics (Parts I and II)

Posted by on Aug 16, 2016 in | 0 comments

March 14, 2017 @ 1:00 pm – March 15, 2017 @ 3:00 pm
California Capital FDC
1792 Tribute Rd
Sacramento, CA 95815
Sophia Kanaan
(916) 442-1729

In Part 1 You will learn:

  • How operating a business creates tax benefits.
  • The necessity of “profit motive” for deductions and tax benefits.
  • Recordkeeping and required reporting.
  • IRS audits of businesses.
  • Using pre-tax versus after-tax dollars.
  • Requirements for tax deductions.
  • Common business deductions and record keeping.

In Part 2 You will learn:

  • Employees and independent contractors—the differences.
  • Misclassified employees—new enforcement; higher penalties.
  • Tax & legal biz structures—differences in taxes, fringe benefits & protections
  • Sole props, partnerships, LLCs and corporations—the differences
  • Does your LLC or corporation have legal standing?
  • Alter ego actions that pierce LLCs and corporations.
  • LLCs & corps MUST be properly formed and maintained.
  • Vehicle expenses for LLCs and corporations.
  • Health insurance and medical expenses for S corps.
  • Hiring your spouse and dependent children.
Register Here!

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