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Navigating Your Tax Responsibility As a Small Business Owner

Jan 29, 2020 @ 12:00 pm - 1:30 pm

Ashley Guion of Nathan Wechsler & Co will lead a workshop on navigating bookkeeping as a small business owner and what your tax responsibilities are. Participate in a discussion of entity choice selection, the pros and cons of each, and the tax responsibilities for each entity. Learn everything from the beginning steps of starting your own company to closing your ‘books’ at the end of the year for tax prep. Learn what is required of you in terms of tax preparation, as well as how to lessen not only your tax liability but also your tax preparation bill. There will also be a segment devoted to bookkeeping and tips & tricks that you can do to keep your time focused on your income-producing activities rather than spending it doing irksome bookkeeping. Questions are always encouraged and can really promote good conversation and discussion so feel free to ask that question that you “always wondered…”

  • You started your own business, now what?
  • Entity structure types and their tax impacts
    • What is a B-corp? Requirements
    • Most will be 1040 Sch Cs
  • What you need to be aware of
  • Steps to take to get ducks in a row
    • When to hire an attorney, bookkeeper, CPA, retirement planner
  • Checklist of to-dos and tips & tricks will be provided
  • What to provide your tax preparer to lessen your bill
  • How to set up your Chart of Accounts!
    • What goes into each bucket
      • Examples
    • When to ask a professional
Register now!

About the Instructor

Ashley Guion is a CPA and Certified QuickBooks ProAdvisor at Nathan Wechsler & Co.