Business Tax Basics 

 

This class is full.  

Please call Stephanie at 916.442.1729 to be placed on the waiting list. Thanks.   

This is a 2 day class covering tax basics for small business

Date:          Part 1 - Wednesday, January 15, 2014

                   Part 2 - Thursday, January 16, 2014

Time:          9:30 am to 11:30 am on both days

Location:  California Capital Women's Business Center                                             2000 O Street, Suite 250, Sacramento, CA 95811

Cost:          FREE

Parking:     In lot on 20th Street betweek O Street and P Street

 

During Part 1 and Part 2 of this class we will be covering the following topics:

What is a business? 

• How does business revenue differ from other income?
• Avoiding the IRS hobby-loss classification

 What qualifies as a business deduction?

• Why receipts aren’t enough by themselves
• What recordkeeping is needed

 IRS audits

• Lowering your chance of an IRS audit
• Avoiding mistakes that send up “red flags”
• Recordkeeping that can survive an IRS audit

 Common misunderstood business deductions

• Start up costs
• Vehicle expenses
• Home office deduction
• Health insurance and medical expenses
• Spouse or kids on the payroll
• Meals, entertainment and travel
• Is there a better way to deduct some expenses?

 Tax and legal business structures

• Sole proprietorships and partnerships
• LLCs and corporations

• What’s the best tax structure for your business?
• Maximizing owner benefits
• Reducing fines from regulatory agencies
• Protecting your home and family’s assets from business liability

 Common very costly business blunders

This class is being presented by Randy Roth, owner and principal of Incompass Tax, Estate & Business Solutions

Randy Roth is a tax, estate & business consultant practicing in the areas of tax preparation and planning for individuals, businesses, estates, trusts and non-profit organizations. He advises in the formation of business entities, corporate compliance matters, real estate holdings and non-profits—as well as in their on-going maintenance. His focus encompasses the BIG picture, considering issues involving aging, asset protection, and estate planning. 

 

 

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