PPT-CHAPTER 3 Business Income & Expenses: Part I

Income Tax Fundamentals 2013 Student Slides Gerald E Whittenburg Martha Altus Buller Steven Gill 2013 Cengage Learning Defining Trade or Business amp Tests for Deductibility A trade or business is not specifically defined in the Internal Revenue Code but is generally an activity conducted for a profit. TOTAL Expenses Mary B Pearson, CPA. Assistant Professor of Accounting. Topics Discussed:. Filing Status. Dependent Qualifications. Sources of Income. Self Employed Income. Estimated Taxes & Tax Brackets. Required Receipts. Understand how firms create value and manage performance.. Understand how users use information about performance to make decisions.. Understand the concept of and be able to assess quality of earnings/information.. . Self-Employed. Business Income Schedule C. “A fine is a tax for doing something wrong. . A tax is a fine for doing something right.”. -- Anonymous. LO #1- Income and Expenses of the Self-Employed. 2. Learning objectives. Identify the for AGI deductions directly related to business activities. Describe the loss limitation rules for passive activities, the rental use of a home, and home office deductions. 1. Let’s Talk Tax Reform: . How Nonprofit Organizations Will Be Affected. 2. Tax Cuts and Jobs Act of 2017. and. Common 990 Filing Issues. March 13, 2018. James M. Rosa, CPA, PFS. HBK CPAs and Consultants. An Employer’s Guide to Paying Fringe Benefits to Employees William Hays Weissman, Esq. Littler Mendelson, P.C. 925-927-4545 wweissman@littler.com October 6, 2016 1 Today’s Agenda Payments to Employees: William Hays Weissman, Esq.. Littler Mendelson, P.C.. 925-927-4545. wweissman@littler.com. October 8, 2015. Today’s Agenda. Payments to Employees: . The Basics. Gifts, Prizes and Awards . Other Payments to Employees. The Benefits of Reading Books The Benefits of Reading Books TOPIC 3 – FINANCE. LESSON 1. SUBJECT OUTCOME 3.1 . Manage . finances with confidence in . WORKPLACE contexts:. 3.1.1 Explain . financial concepts and methods of financing and financial control related to small and home based . WANG, . Hao. hwang@se.cuhk.edu.hk. Table of Content. 1. . What is Business Plan?. 2. . Who needs a Business Plan? And Why?. 3. . Finding the right plan for you. 4. . How will you use your plan. 5. . Elements of Business Plan. C. haracter. A. bility. M. anagement. P. urpose. A. mount. R. epayment. I. nsurance. Sources and Uses of Funds. Long-term source. Equity. Medium & long-term loans. Leasing. Hire Purchase. Short-term source. Presented by:. Jessica Sayles, CPA. Houldsworth, Russo & Company, P.C.. What is a Non-profit?. A trust, corporation, or association must submit a Form 1023 to IRS to be awarded non-profit status..