Tax Essentials - The Basics of Taxes - Hosted by Town Bank
Event Information
Description
Join Us for Our Upcoming Tax Essentials Class: The Basics of Taxes
Looking understand some of the basic essentials related to taxes?
Join us for a session designed to help the small business owner understand basic concepts related to understanding taxes, and tips to help save on taxes. Topics vary from a general overview of taxes to how to implement a tax strategy that makes sense for you and your business.
Topics:
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Understand the Tax Formula and 5 factors that determine what you pay in income taxes
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Standard and Itemized Deductions
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Common business and personal deductions to help you reduce your tax liability
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A basic overview of reading your personal tax return
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Know when you’re taxed if taking money out of your business
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Tax saving vehicles like Retirement Plans and HSA’s
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Red Flags to help you avoid an audit
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Maintaining an Audit Trail to account for all cash coming in and out
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How Section 179 and Cost Segregation studies can lower your tax liability
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Why paying off your business’s loans doesn’t reduce your taxes
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Pass-through entities and the S Corporation option
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What is double taxation on C Corporations?
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Tax terminology converted to easy-to-understand terms
This session is organized in a simple, easy, and fun format, enabling you to better understand and save on taxes! Sign up today!