Schedule C: Income, Expenses, & Your Tax Responsibilities

Event description

If you operate as a sole proprietor, understanding what goes on Schedule C is an important part of managing your federal tax responsibilities. This live webinar will explain how business income and expenses are reported and introduce common tax considerations that may affect your business.

Highlights:

• Understand how gross receipts, cost of goods sold, and business expenses are reported
• Learn about common expenses, including vehicle costs, supplies, travel, and meals
• Explore depreciation and how it may apply to business property
• Learn how net profit or loss and the Qualified Business Income deduction may affect your taxes

This live webinar is intended for sole proprietors, self-employed individuals, and small business owners who file or expect to file Schedule C.