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Business Income and How It Is Taxed
Thursday, October 4, 2018 @ 9:00 am - 11:00 am
Business Income and How It Is Taxed
In this workshop you will:
Learn about the different types of business entities:
- Sole-proprietor
- Partnership
- LLC
- S-Corp
- C-Corp
- Others
- Including corporate maintenance
- Avoid comingling of money
Learn what is business income:
- Revenue minuses expenses
- Not cash taken by the owner
- Recordkeeping Requirements
Business income tax forms
- Understand which type
- Define & discuss flow-through entities
How business income is taxed
How to pay income tax on business income
- EFTPS/AZ Taxes
- Quarterly Payments
- Underpayment penalties & how to avoid them
Legislative Updates (plus changes from the Tax Cuts and Jobs Act).
Date: October 4, 2018
Time: 9:00 am – 11:00 am
Location: GateWay Community College, SBDC, South Building
108 N 40th Street, Phoenix, AZ
Fee: None
