Understanding the basics of taxes that may be required for a small business is essential for the business owner to avoid potential issues with local, state, and federal tax agencies.

At the conclusion of this webinar, you will have a basic understanding of taxes that may be required for your business. The state and local information is Florida specific, but the concepts are relevant to other states as well.

The topic to be covered Include:

Types of businesses – discussion of the characteristics of different business entities

State business entities and taxes – difference between state and federal entities and taxes

Federal business tax elections – how to make an entity election to the IRS

State & Local licenses – review of licenses that may be required at a state or local level

Business Taxes – Federal taxes such as payroll and state taxes such as sales tax

Business income taxes – review of Federal and state income tax requirements

Insurance – types of insurance that may be needed for your business

Record Keeping – the importance of keeping good records

Estimated taxes – requirements for paying estimated taxes

This Webinar will be presented by Bill Gelbach a Pasco/Hernando Score Member.

Bill has over 35 years of experience in systems development, information services consulting, and product management, making use of a diversified background in engineering and information technology. He has been responsible for key US Federal Government clients including the Senate, the House of Representatives, and the Export-Import Bank. He developed consulting practices in the Persian Gulf region for an international consulting firm, establishing a multi-million dollar Middle East enterprise with offices in Qatar and Dubai. Currently he is an Enrolled Agent and tax advisor, specializing in helping small businesses deal with their startup and ongoing tax issues.