Business Taxes for the Self-employed: The Basics
March 29th, 2011 at 2PM EST
You’ve started a small business… so, how does it affect your taxes? What’s deductible? What is self-employment tax, and how do I estimate my tax payments? These are all very common questions asked by the new small business owner. Often, just the mention of the word, “taxes” is enough to make some of us break out in a sweat. The IRS is now offering a webinar to help you navigate through these questions. Topics include an overview of reporting profit or loss, estimated tax payments, business expenses and recordkeeping. Best of all, the webinar is described as “basic”, which, to us, means it’ll be delivered in a way that’s easy to understand, even with no prior accounting or tax experience. And it’s free!
To register, visit this site and scroll to the bottom of the page.