Rescheduled due to severe weather from Saturday 8/26/2017 to Saturday 9/16/2017
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Income Tax Myths and Facts 
Business Owner's Responsibilities 

When

Saturday, September 16, 2017 from 10:30 AM to 1:30 PM CDT
Registration: 10am

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Where

HCC-Alief/Hayes Campus A319/A320
2811 Hayes Rd.
Houston, TX 77082

 
Driving Directions 

Contact:

Lalitha Raman
lraman611yahoo.com 
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
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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:

  1. Overview– Business Tax Structure.
  2. Calculating Taxes – different types; and who should pay them.
  3. Consequences of failing to file and pay taxes.
  4. Federal Business Tax Forms and whether to do it yourself or hire a tax expert.
  5. State Business Income Tax (Franchise Tax) – how to calculate it and report it.
  6. Payroll Taxes including:  Social Security, Medicare, Federal, State and Unemployment Taxes.
  7. Calculating Payroll Taxes– when to pay
  8. Contract Employees vs. Employees– Tax differences
  9. Sales Tax– a business owner’s responsibilities

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; started his first business in 1995 and has owned several businesses in real estate, pharmacy and security systems.

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Houston Community College’s Centers for Entrepreneurship offer education and training in collaboration with local business mentors and economic entities. We equip start-up entrepreneurs and existing business owners with the tools and relationships needed for success in today’s challenging economy.