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You and Your Uncle Sam Tax Implications of Business Types
September 21, 2021 @ 6:00 pm - 7:30 pm
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This training event is hosted by Northern Nevada SCORE.
Learn the legal obligations to report your business income and expenses. What records are required and which expenses are and are not deductible?
What are the rules for:
- Deducting various business expenses, such as business meals
- Home office expenses and auto expenses, as well as the record keeping requirements for each.
- Various ways to keep your records.
- The difference between CPAs and EAs (Enrolled Agents)
- Why an EA may be the right choice for you.
Compare the tax advantages and disadvantages of various entity types: Sole Proprietorship, LLC, Partnership and Corporations. Complete a ledger exercise comparing the estimated tax liability of a hypothetical company reporting as a Sole Proprietorship vs. an S Corp.
There will be a $15 fee for this event.
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. SBDC services are provided in a nondiscriminatory way to all legal residents and citizens in the United States. Nevada SBDC training events are supported by federal taxpayer funds. By registering, I certify that I am legally authorized to receive services funded by U.S. taxpayer dollars, in accordance with applicable federal law and Executive Order 14218 ‘Ending Taxpayer Subsidization of Open Borders’ (February 19, 2025).