Income Tax & Self-Employment: Tips for Small Business Owners

Details

Small business owners, make your 2025 tax filing season easy! Join tax and business attorneys for this in-person workshop and arm yourself with essential knowledge to help you prevent income tax issues. There will be Q&A time, so bring your questions for the attorneys!

Topics Covered:

· Schedule C: The Most Audited Schedule on 1040 (Personal Tax Return)

· Best Practices for Recordkeeping and Evidence-gathering to Prepare for an Audit

· Self-Employment Tax & Income Tax

· Quarterly Estimated Tax Payments

· 1099s: What They Are, When to Issue Them, What to Do If You Receive Them

· Avoiding IRS Penalties & Interest

· IRS.gov & Mass. Tax Connect: Setting Up Accounts for Your Business

Who Should Attend:

· Small Business Owners (sole proprietors, partners, LLC-members, etc.)

· Entrepreneurs and Start-up Founders

· Gig-workers or anyone receiving 1099s

· Entrepreneurs and Start-up Founders

· Business Consultants and anyone interested in Business Management

Facilitators: Velinda Peralta Bolduc, Jenny Eldred

This informative workshop is offered at no cost and is being sponsored in partnership with the North Shore Alliance for Economic Development and the Massachusetts Office of Business Development (MOBD).