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Business Income and How it is Taxed

Thu 9:00 AM to 11:00 AM

Business Income and How It is Taxed In this workshop you will learn: • Different types of business entities o Sole-proprietor o Partnership o LLC o S-Corp o C-Corp o Others - Including corporate maintenance - Avoid comingling of money • What business income is o Revenue minuses expenses o Not cash taken by the owner o Recordkeeping Requirements • Business income tax forms o Understand which type o Define & discuss flow-through entities • How business income is taxed o Self-employment taxes o When to make an S-election • How to pay income tax on business income o EFTPS/AZ Taxes o Quarterly Payments o Underpayment penalties & how to avoid them • 2017 Legislative Changes (if any)

Speaker(s): Tanya Luken, Luken CPA

Fee: No Cost

Phone: 480-963-4571


Chandler Chamber of Commerce
25 South Arizona Place Chandler, AZ 85225