Description

This Business POD Workshop is designed to help small business owners navigate tax requirements, recordkeeping, and deductions with confidence. The session will provide practical tips and strategies to keep your tax filings simple, compliant, and optimized. 

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Register to attend at no cost and you will receive an automatic email with a Zoom link to add to your calendar.

Who should attend
Small business owners, including sole proprietors, LLCs/LLPs, and S-Corps (under 100 owners), who need to file taxes for 2024 or want to be well-prepared for 2025.

What to Expect

Business Tax Basics – Understanding filing requirements for sole proprietors, LLCs, and S-Corps, including key tax forms like 1065 Partnership Returns, 1120 S-Corp Returns, and Schedule C.

Recordkeeping & Audit Prep – Keeping personal and business finances separate, documentation best practices, and what to have ready in case of an audit.

Income & Expenses – What should (and shouldn’t) be included in your return, plus frequently overlooked deductions like travel, mileage, office expenses, advertising, and retirement plans.

Tax Planning & Strategy – Self-employment tax calculations, estimated taxes for 2025, and when to consider professional assistance versus handling taxes on your own.

New Tax Updates – Changes to 1099-K reporting (Venmo, PayPal, streaming platforms), the latest IRS questions on Schedule 1, and important Qualified Business Income Deduction (QBI) considerations.

Handling Common Tax Challenges – What to do if you can’t pay your tax bill, how to manage an audit, and addressing unreimbursed partnership expenses.

 Get your Questions Answered – This is the perfect opportunity to take part in a live Q&A and harness expert advice.