This series is designed to help small businesses understand the basic principles and better meet their obligation for Federal taxes.
Many decisions made by small businesses have a tax effect, yet relatively few small businesses are equipped to consider that tax effect in their decision making. In this series we will discuss the fundamentals of small business tax so that owners are better equipped to make informed decisions.
Topics will include:
- Identifying business income
- Understanding deductions
- Depreciation (including the section 179 deduction)
- Self-employment tax
- Business use of home
- Taxable and de minimis fringe benefits
- Understanding employee withholding and payroll tax obligations
- Basics of Roth and traditional IRA accounts
Speaker Biography
Brian Rogers - Brian Rogers is an Assistant Professor of Economics and Business at Centre College. In addition to owning two businesses, his professional experience includes over 15 years in small business and international franchise development. He has worked both in the United States and internationally, developing best practices for small and medium businesses in developing countries.