Annual expenditures for taxes for most owners is likely their largest outlay each year, exceeding rent or mortgage payments, marketing costs, and vehicle expenses (the only possible larger expenditure is payroll).
Beyond payments to the government for all of the taxes you pay - income taxes on profits; Social Security, Medicare, and other employment taxes like sales taxes, property taxes, and excise taxes—there are other tax-related costs: your time and effort in record keeping and fees to your tax advisers. So, taxes are a big deal.
All small business owners deal with several different taxes to several different agencies. Tips on how to handle all the different agencies and when you should do it yourself or get a professional involved. Tips to filing the different tax returns and forms and when the forms are required and due.
Also, if you find yourself in an audit, tax collection matter, or penalties assessed. What or who you should turn to first and tips on handling this stressful time.
SBO member, Alana Gabrielson, CPA will be leading this discussion and getting us on the right track with our tax questions.
Pay for own meal and drinks.
Non-members are welcome to attend one time!