Wednesday April 13, 2016 from 9:30 AM to 11:30 AM PDT
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California Capital FDC 
1792 Tribute Rd., Suite 270
Sacramento, CA 95815

Driving Directions 


Sophia Kanaan 
California Capital WBC 

Maximizing Tax Benefits for Small Business Owners

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


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