Tax Planning and Reporting (SBA Money Smart Series)
The Tax Planning and Reporting for a Small Business module provides an overview of tax planning and reporting and is designed to help participants to understand how taxes can benefit and affect their business.
After completing this module, the participants will be able to:
- Identify the federal tax requirements of a small business and its owner, and to establish a plan to account and pay for federal taxes.
- Identify the general state and local tax requirements of a small business, and establish a plan to account and pay for these taxes.
- Identify methods for researching the local, municipal, and county reporting/licensing requirements for a small business.
Money Smart introduces core skills for successful small business management, and participants can chose a topic of their choice or to attend the entire series.
The 13-Part Money Smart Series includes the following sessions:
- Is Owning a Business a Good Fit for You?
- Planning for a Healthy Business
- Banking Services
- Organizational Types
- Time Management
- Financial Management
- Recordkeeping
- Strong Business Credit
- Risk Management
- Insurance
- Tax Planning and Reporting – understanding taxes and your business
- Selling Your Business and Succession Planning business
- Managing Cash Flow
