This seminar explains why business record keeping is important and clears up questions regarding taxation and the type of business formation you choose.  We’ll review various business accounting methods and explain which best fits your situation.  And we’ll answer some of your questions about those pesky records themselves both manual and computerized, how long should they be retained and things like “Do I really need a CPA, a bookkeeper or can I do it all effectively myself?”

We’ll review the four major business reports that make up a Financial Statement and how they relate to each other.  We’ll also have a few in-class discussion questions and, along the way, cover some accounting terms and offer some special tax tips.  You’ll learn the differences between Sole-Proprietorships, Partnerships, Corporations, and LLCs.

Patti Thompson is the SCORE Course Leader for this seminar.  Patti has over 35 years experience in business and tax consulting - working with subcontractors, manufacturers, retailers, service companies, nonprofits, and individuals - helping them understand their bookkeeping and payroll requirements and what’s needed to comply with the tax code. 

The seminar is supproted by the SCORE Foundation and is free to registrants. To encourage active class participation, the class is limited to eight attendees and you can follow-up with SCORE’s always-free individual business mentors.