Business Taxes 101: A Beginner’s Guide to Navigating Self-Employment and Small-Business Taxes

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Join Novii CPA for a Business Taxes 101 webinar on July 9th from 12-1:30pm.

Starting and running a business comes with the important responsibility of understanding and managing business taxes. Whether you’re a new entrepreneur, freelancer, or small business owner, knowing the basics of business taxation is key to staying compliant and managing your finances effectively. This webinar is designed to simplify the core concepts of business and self-employment taxes.

They’ll guide you through understanding your tax obligations based on your business structure, identifying deductions that can reduce your tax burden, and preparing you to make informed financial decisions to keep your business on solid ground.

Topics include:

  • Business Tax Basics: Understand key tax terms and the fundamentals of federal and state taxes.
  • Identifying Tax Obligations: Learn the tax requirements for different business entities and the self-employment tax thresholds.
    Calculating Taxable Income: Discover how to determine taxable income and apply tax-saving strategies.
  • Recognizing Tax Responsibilities: Review federal income tax, self-employment tax, employment taxes, and state taxes your business may owe.
  • Maximizing Deductions: Explore business deductions that can reduce taxable income and how to properly claim them.
  • Tax Filing Process: Learn the steps for filing business taxes, including necessary documents, deadlines, and where to file.
  • Record-Keeping Best Practices: Understand what financial records to maintain, how long to keep them, and how good record-keeping supports tax compliance.

Register here: https://www.eventbrite.com/e/a-beginners-guide-to-navigating-self-employment-small-business-taxes-tickets-1395589237979.

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