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Business Income and How It’s Taxed — Peoria
Thursday, August 15, 2019 @ 9:00 am - 11:00 am
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 commingling 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).
Speaker: Tanya Luken, CPA