Income Tax Myths and Facts – Small Business Owners’ Responsibilities

Saturday, February 24, 2018, 10:30am-1:30pm, HCC Alief Hayes, 3rd Floor, Rm A319

Many individuals and small business owners are unaware of their tax responsibilities. This workshop clarifies common misconceptions on these topics:

1. Overview- Business Tax Structure.
2. Calculating Taxes – different types; and who should pay them.
3. Consequences of failing to file and pay taxes.
4. Federal Business Tax Forms and whether to do it yourself or hire a tax expert.
5. State Business Income Tax (Franchise Tax) – how to calculate it and report it.
6. Payroll Taxes including: Social Security, Medicare, Federal, State and Unemployment Taxes.
7. Calculating Payroll Taxes- when to pay
8. Contract Employees vs. Employees- Tax differences
9. Sales Tax- a business owner’s responsibilities

Come listen, learn and talk with your tax accountant. Invest in peace of mind.