PPT-Saving Taxes for Your Business

This is the Story of Tim The Tool Man Taylor After 20 years working for the ABC Construction Co Tim decides to open his own home remodeling business So Tim Does All the Normal Things. Week . 16. Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS C85. Outline. Roll Call. Problems. Game. Chapter . 24: . Problem 3. Declines in share prices are sometimes viewed as harbingers of future declines in real GDP. Why do you suppose that might be true?. . v. . Reactive. State Economic Woes:. How Should Societies React?. How many states are moving toward taxing . “. voluntary transactions. ”?. Are taxing professional services inevitable?. how do we react during this transition?. A PRESENTATION. BY. CS HARSH CHAUHAN. ACCOUNTS OFFICER . BSNL. GST– . A BACKGROUND. GST see light of day after 13 years long journey since first coined by . Kelkar. Task Force in 2003. FM Chidambaram declared in 2006-07 Budget speech that GST will be applicable by 01/04/2010. Ready? Set…..GO!. Welcome!. Alternatives Biz Path. Education & Experience. Biz Research. Biz Dream. Biz Account. Biz Action. Biz. Money Wise-. Financial Counseling- . Intro to Entrepreneurship Class. Describe legal issues affecting businesses. Business Law. Everything that relates to our society is governed by laws and business is no exception. . . Business law . or . commercial law . is simply a body of law that governs every aspect with regards to conducting a business.. Learning Objectives. Describe the primary types of state and local taxes.. Determine whether a business has sales and use tax nexus and calculate its sales tax withholding responsibilities.. Identify whether a business has income tax nexus and determine its state income tax liabilities.. Not long ago the U.S. Congress passed the Fast Act. And Fast it is. All passports are now scrutinized by the U.S. State Department to see if you are behind on your income taxes. If you owe $50,000 or more in federal income taxes you will receive a 508C letter denying you a U.S. Passport because of your tax delinquency. … but no ‘alternative facts’. . Iowa Federation of Labor, AFL-CIO. Legislative Conference • Altoona • March 21, 2018. Peter Fisher • Mike Owen. Iowa Policy Project. Iowa Policy Project . Learning Objectives. Describe the primary types of state and local taxes.. Determine whether a business has sales and use tax nexus and calculate its sales tax withholding responsibilities.. Identify whether a business has income tax nexus and determine its state income tax liabilities.. For a Small Business. Welcome. Agenda. Ground Rules. Introductions. Objectives. After completing this training, you will be able to:. Identify the federal, state, and local tax reporting requirements of a small business and its owner, and establish a plan to account and pay them.. “. Taxes are what we pay for a civilized society.. ”. Justice Oliver Wendell Holmes. “. People want just (or fair) taxes more than they want lower taxes. They want to know that every man is paying his proportionate share according to his wealth.. Tax facts and strategies every self-employed person needs to knowIf you\'re thinking about starting a business, or have already begun one, you are not alone. There are more than 23 million workers who are already self-employed and file Schedule C to report their income and expenses.As a self-employed person you have to handle many, if not all, of the aspects of running your business. J.K. Lasser\'s Guide to Self-Employment is intended to help you with some business aspects with which you may not be familiar--but which have a great impact on your bottom line. It skillfully focuses on taxes as well as many legal and financial matters that may pertain to your business.Informative and accessible, J.K. Lasser\'s Guide to Self-Employment is designed for you, the self-employed person working alone as a service provider, to help pin down all of the tax breaks to which you may be entitled. Divided into three comprehensive parts, this reliable resource will help you: Learn the basics of tax reporting: from what it means to be self-employed and an overview of what you have to report--as well as where and when--to becoming familiar with Schedule CDiscover the various types of deductions and credits you can claim to reduce revenue that\'s taxedBecome familiar with an array of planning strategies that you can use to make better business decisions throughout the year as well as other strategies you can employ as your business growsAnd much moreDon\'t be intimidated by taxes and other responsibilities of being self-employed. Instead, embrace the opportunities that a better understanding of tax, legal, and financial responsibilities can produce. Let J.K. Lasser\'s Guide to Self-Employment show you how.Don\'t forget to view the free online supplement to this book at JKLasser.com for late tax changes made by Congress and other up-to-the-minute developments. Phase 20 (Week 23): Updated Guidance, Legal Changes, and Legislation. Presented by:. Hanna Resource Group and. Morris & Morris, PSC. . James M. Morris, Esq.. Juris Doctor, MPA. Morris & Morris, P.S.C. Director of Finance & Administration – Iowa Center for Economic Success. Starting your business (tax focus). Determine business structure & register business with Iowa Secretary of State. Legal Zoom for single-member LLC formation.