Business Tax Concepts You MUST Know (Part 1)

Event Details

Business Tax Concepts (Parts I and II)
Part 1: Wednesday, March 14, 2018 9:30 am- 12:30 pm
Part 2: Thursday, March 15, 2018 9:30 am- 12:30 pm
***Please Note:This is a two part class. You are automatically registered for BOTH classes when registering.
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