Income Tax – Schedule C Small Business Sole Proprietor 2018
**More information:
Get Income Tax – Schedule C Small Business Sole Proprietor 2018 at Salaedu.com
Description
Small business income taxes generally reported on schedule C course including examples using actual tax forms to understand income tax concepts better.
We will discuss who is required to file a schedule C for small business income and who is self-employed.
The course will discuss new tax changes for 2018 related to small businesses.
We will discuss what self-employment tax is, how to calculate it, and how to report it.
The course will cover which tax forms a self-employed business will generally need to file and how the forms are related to each other, using actual tax forms as an example.
We will discuss different accounting methods and periods including the cash method and the accrual method and when the tax code may require one method versus another as well as when the tax code requires a deviation from the accounting method used.
The course will discuss what is included in business income and the types of business income.
We will discuss the components of cost of goods sold, how to calculate cost of goods sold, and look over the tax forms related to the cost of goods sold calculation.
The course will discuss many common business expenses. Including
· Car and truck deduction
· Depreciation deduction
· Employees’ pay deduction
· Insurance deduction
· Interest deduction
· Legal and professional fees deduction
· Pension plans deduction
· Rent deduction
· Taxes deduction
· Travel and meals deduction
· Business use of your home
· Other Expenses you can deduct
Who this course is for:
Anybody who wants to save on taxes & has a small business
Tax professionals
Video:
Width: 1280 pixels
Height: 720 pixels
Format: AVC
Codec: AVC
Duration: 4min 58s
Bit rate: 1214 Kbps
Frame rate: 30.000 fps
Aspect ratio: 16:9
Bit depth: 8 bits
Color space: YUV
Subtitles: N/A
Audio:
Audio track: 1
Language: N/A
Codec: AAC LC
Channels: 2
Bit rate: 128 Kbps N/A
Compression: Lossy
Sampling rate: 44 Khz
Business online course
Information about business:
Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).
[need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.
It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner’s personal possessions.
A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
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