Small Business Tax Workshop and Business Owner's Responsibilities
When
Saturday, December 7, 2019
From 10:30 AM to 12:30 PM CST
Check-in: 10:00 AM
Latecomers may be denied seating
Where
Parker Williams Branch Library10851 Scarsdale Blvd.
Ste. 510 (SW Corner of Beam and Scarsdale)
Houston, TX 77089
Driving Directions
Contact:
Bill Klingberg
Bill.Klingberg@scorevolunteer.org
713-487-6565
About Us:
SCORE is an all-volunteer group with real-world business experience, dedicated to your success.Our Mission: Help Small Businesses Succeed.
Our Mantra: We educate, counsel, mentor.
Founded in 1964, SCORE is a non-profit association and a Resource Partner of the U.S. Small Business Administration.
For more details, go to www.houston.score.org
Many individuals and small business owners are unaware of their tax responsibilities. In fact, there are a lot of misconceptions:
- My accountant is responsible for my business taxes
- I do not need an EIN if my business is registered as a LLC
- I can avoid paying taxes by hiring people as contractors
- I can pay any salary to myself when my business is a sole proprietorship or if I am a general partner
The Workshop will cover:
- Overview – Business Tax Structure
- Calculating Taxes – different types; and who should pay them
- Consequences of failing to file and pay taxes
- Federal Business Tax Forms and whether to do it yourself or hire a tax expert
- State Business Income Tax (Franchise Tax) – how to calculate it and report it
- Payroll Taxes including: Social Security, Medicare, Federal, State and Unemployment Taxes
- Calculating Payroll Taxes – when to pay
- Contract Employees vs. Employees – Tax differences
- Sales Tax – a business owner’s responsibilities
- New Tax Laws – Brief Overview – How they affect small businesses
Presenter: Dr. Mo Tehrani
Dr. Tehrani is a partner with a public accountant firm. He is a SCORE volunteer and Professor of Accounting with the HCCS where he teaches various courses in accounting.
Mo is a serial entrepreneur; he started his first business in 1995 and has owned several businesses in real estate, pharmacy and security systems.