Skip to main content

Original text


Powered by Google TranslateTranslate
Powered by Google TranslateTranslate
Tax Planning for Small Business Owners in 2024 and Beyond
Live Event (online)
tax planning
Date & Time: February 6, 2024, 12:00pm CST
Cost: $0.00
Duration: 1.5 hours Language: English Register Now
About the event

Tax Planning for Small Business Owners in 2024 and Beyond

The Turner Center for Entrepreneurship and Illinois Small Business Development Center (SBDC) at Bradley University is thankful to Total Income Tax for providing this no-cost webinar to provide the best practices for small business tax planning. As a small business owner, you have a lot on your to-do list and filing taxes might seem like an overwhelming task. This training event will help you plan ahead, get organized, and manage cash flow so you can set aside enough money to cover your tax bill and avoid financial strain and alleviate stress during tax time.

Topics of Discussion

Starting Right

The value of tax planning.
Tax impacts to consider when setting up your bookkeeping.
Basics of tax reporting (What, When, How and Why).
    Income Tax Reporting

    Sales Tax Reporting
Deductibility of start-up expenses.

Should you prepare your tax forms or hire a professional?

Maintaining Good Practices
Good record keeping – know your numbers.
Where to obtain timely, complete, and accurate information.
Benefits of quarterly meetings with your accountant.
Ways to retain earnings in your business.
How to respond to a tax levy or garnishment.

What’s New for 2024
1099 Reporting and Merchant Processing
Beneficial Ownership reporting (FinCEN)

Employee Retention Credit (Who is Eligible)
Inflation Reduction Act
    EV or Clean Energy Credits for consumer/small business
    New hiring at the IRS (increased audit risk, or HR attrition management?)

Who should attend?
Prospective business owners
New business owners and recent business founders
All small business owners seeking tax planning information

SHARE THIS EVENT
About the presenters
William Sharpe
William Sharpe

   William Sharpe, President has been in the tax business since he was 8 years old, when he started in the mail room of the family enterprise. William has vivid memories of tagging along with his mother to help with whatever work needed to be done at the office. That’s how a family business operates – all hands on deck.
   He began preparing tax returns in 1999 and spent the next several years shadowing Bill Sharpe, his grandfather and business founder, on a daily basis. This allowed William to not only pick up nuances of the income tax code, but it gave him a business role model. This

Read William's full bio
CONNECT
403 N. E. Jefferson St.
}
Peoria, IL 61603
(309) 676-0755

Copyright © 2024 SCORE Association, SCORE.org

Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

Chat generously provided by:LiveChat

In partnership with
Jump back to top