Tax Guide for Business Owners (by a CPA)

Beginner to Advanced Income Tax Concepts and Tax Saving Options

Ratings: 4.16 / 5.00




Description

This courses is for all business owners (in the United States) from brand new - understand the basics of how your income taxes work now that you're self-employed - to established business owners  - maximize your income tax deductions and minimize your tax liability. No prior income tax or accounting experience required. Created by an experienced CPA & tax accountant.

Topics I cover in this course include:

  1. Common business structures and options for income tax treatment

  2. How taxable income determined

  3. How you should pay yourself for services you perform and distributions of profits

  4. How to pay your income taxes, strategies to determine how much to pay, and how to avoid penalties for underpayment

  5. Business expenses you can use to reduce your taxes

  6. Recommendations for tracking your business’ financials

  7. Choosing a payroll service provider and recommendations to have smooth experience running payroll

  8. State and local obligations beyond filing your income tax returns

  9. Common retirement plan options available to save for your retirement, reduce your tax liability, and offer as a benefit for employees

  10. And a whole lot more! Check out the course layout and preview videos!

This course provides general information that is intended to be widely applicable to small business owners. Not all of this information will be applicable to your unique situation. This course is not a replacement for an accountant or an attorney. I highly recommend you consult with an experienced accountant and attorney before forming your business and throughout the life of your business.

The information in this course is intended to provide a foundation and allow you to start the conversation on these topics with your chosen paid professionals.

What You Will Learn!

  • Deductible Business Expenses
  • Business Structures
  • Business Taxation Basics
  • Retirement Plan Options
  • Payroll Recommendations
  • Payments to Owners
  • How to Pay your Income Taxes
  • Meet Compliance Requirements
  • Tax Saving Options

Who Should Attend!

  • Business Owners in the United States - from Brand New to Established
  • New Business Owners - learn how your income taxes work now that you're self-employed
  • Established Business Owners - maximize your tax deductions and minimize your tax liability