Fundamentals Of Business Taxes

Learn the fundamentals of business taxes and understand the basics of doing taxes for your business

What you’ll learn
Learn the fundamentals of business taxes
Learn about Monthly, Quarterly and Annual business taxes at the federal and state levels
Learn about tax forms such as W2s, W3s, 1099s, K-1s, and 941 forms
Record keeping and ordering tax forms
Learn about SEP to reduce your annual taxes
Sales tax basics
much more
Requirements
No requirements. Ideally you should have incorporated a business in order to do taxes
Description
This course is designed to help you, a new business owner, understand and meet your federal and state tax obligations. You’ll learn the fundamentals of business taxes. We’ll get into what you need to know about Federal Taxes and your new business, detailing what needs to be submitted to the IRS, when it needs to be submitted, and the essentials of completing these tax forms. You’ll learn about all the forms such as W2s, W3s, K-1s, 1099s, 941 forms and other small business taxes and tax forms; and how to file and pay your taxes electronically. This course if for anyone no matter what kind of business you have or whether you have employees.By the end of this course, you’ll have a good understanding of the government’s rules and requirements, as well as how to save time and funds when filing business taxes.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Quarterly Taxes: Federal & State

Lecture 2 Business tax basics

Lecture 3 EIN and EFTPS

Lecture 4 Form 941

Lecture 5 SUTA & FUTA

Section 3: Annual Taxes: Federal & State

Lecture 6 W2s

Lecture 7 W3s

Lecture 8 1099s

Lecture 9 K-1s

Lecture 10 940 form

Lecture 11 Ordering tax forms and record keeping

Section 4: State Level Taxes

Lecture 12 State Level Sales Tax

Lecture 13 Internet businesses and sales taxes

Section 5: Business Owner Taxes

Lecture 14 Business owner taxes: annual payments

Lecture 15 Business owner taxes: quarterly

Lecture 16 Using a SEP to reduce your annual taxes

Lecture 17 Pass-through tax break

Section 6: Course Summary

Lecture 18 Summary

Business owners,Entrepreneurs,Anyone interested in learning about business taxes