The Small Business Administration Boise District Office and the IRS will continue the Small Business Tax Workshop Series on Sept. 27.
The free webinars contain information for all small business owners. Sessions will be provided at 12 noon. Below is the schedule for the upcoming sessions:
Sept. 27 at 12 noon RegistrationSchedule C and other Small Business TaxesOverview of Form 1040, Schedule C, Profit or Loss from Business, and how to calculate gross profit and gross income. How to identify and deduct expenses, and how to calculate net profit or loss.• Form 1040, Schedule C, Profit or Loss from Business• self-employment tax and estimated tax
Oct. 11 at noon RegistrationHow to File and Pay Your Taxes Electronically• IRS e-file• Benefits of e-file• Electronic payment options• Enrolling in EFTPS
Oct. 25 at 12 noon RegistrationBusiness Use of Your Home• Calculating and claiming the credit• Requirements• Deduction limits• Deductible expenses• Form 8829• Comparison Method
Nov 8 at 12 noon RegistrationWhat You Need to Know About Federal Taxes When Hiring Employees/Contractors• Employee vs. independent contractor• Behavior Control• Financial Control• Relationship with Worker• Hiring employees• Verify SSN/ITIN• Form W-2• Independent Contractors
Nov. 29 at 12 noon RegistrationHow to Manage Your Payroll So You Withhold the Right Amount from Employees• Wages subject to employment taxes• Accountable vs. non-accountable plans• Calculating payroll taxes• Employment Tax rules-FUTA
Dec. 6 at 12 noon RegistrationHow to Manage Your Tax Deposits and Filing a Return to Report Payroll Taxes• Tax deposits and due dates• Reporting payroll taxes• Electronic funds transfer• Penalties and interest
Dec. 13 at 12 noon RegistrationHow to Hire People Who Live in the U.S. Who Aren’t Citizens• Wages subject to employment taxes• Accountable vs. non-accountable plans• Calculating payroll taxes• Employment Tax rules-FUTA
For more information, call the Umatilla Electric Cooperative’s Business Resource Center at 541-289-3000.
