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Business Income and How it is Taxed

Thu 9:00 AM to 11:00 AM
Topic: Tax Planning

In this workshop you will: Learn about the 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 Learn what is business income 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 How to pay income tax on business income o EFTPS/AZ Taxes o Quarterly Payments o Underpayment penalties & how to avoid them Legislative Updates (plus changes from the Tax Cuts and Jobs Act)

Speaker(s): Tanya Luken, Luken CPA

Fee: No Cost

Phone: 480.784.0588


Maricopa Community Colleges SBDC
GateWay Community College
108 N. 40th Street South Building (SO) Phoenix, AZ 85034