SBDC Tax Know-How for Small Businesses - Virtual Event

Business Status: Pre-Venture, Startup

In this session we will cover how business income can be taxed and treated based on the variety of ways a new business is set up with the state and the IRS.

In this webinar:

• Tax responsibilities of various legal entities, startup cost definition
• How general and startup expenses are deductible
• Show you the difference in W2 (employees) and 1099 (independent contractors) from a strategic tax view
• How much to pay yourself including required withholdings

Bring your questions for Q&A.

About the Speaker:

Kathrine O'Connell, Tax Advisor, Block Advisors, Glen Ellyn.

Register now: https://ilsbdc.ecenterdirect.com/events/35842