Primary tabs

Home / Event / SBDC - Business Income and How It’s Taxed

SBDC - Business Income and How It’s Taxed

Date: August 15, 2019 - 9:00am to 11:00am
Location: Huntington University, Peoria Campus Theater Room 200 - 8385 W Mariners Way, Peoria, AZ 85382

Topic: Tax Planning

In this workshop you will:

Learn about the different types of business entities

  • Sole-proprietor, Partnership, LLC, S-Corp, C-Corp,Others
    • Including corporate maintenance
    • Avoid commingling of money

Learn what is business income

  • Revenue minuses expenses, Not cash taken by the owner, Recordkeeping Requirements

Business income tax forms

  • Understand which type, Define & discuss flow-through entities

How business income is taxed

How to pay income tax on business income

  • EFTPS/AZ Taxes, Quarterly Payments, Underpayment penalties & how to avoid them

Legislative Updates (plus changes from the Tax Cuts and Jobs Act).

Speaker: Tanya Luken, CPA