Module #1 Introduction to Tax Strategies for Small Business Owners Welcome to the course! This module provides an overview of the importance of tax planning for small business owners and sets the stage for the topics that will be covered throughout the course.
Module #2 Understanding Your Business Structure and Taxes This module covers the different types of business structures (sole proprietorship, partnership, LLC, S corp, C corp) and how they impact taxes. Well also discuss the importance of choosing the right business structure for tax purposes.
Module #3 Record Keeping and Accounting for Small Business Owners Good record keeping and accounting practices are essential for accurate tax preparation. This module covers the basics of record keeping and accounting for small business owners, including what records to keep and how to organize them.
Module #4 Tax-Deductible Business Expenses This module covers the various tax-deductible business expenses that small business owners can claim, including travel expenses, home office deductions, and more.
Module #5 Depreciation and Amortization:What You Need to Know Depreciation and amortization can be complex topics, but this module breaks them down in a way thats easy to understand. Well cover the differences between depreciation and amortization, as well as how to claim them on your tax return.
Module #6 The Self-Employment Tax:What You Need to Know As a small business owner, youre considered self-employed and are responsible for paying self-employment taxes. This module covers the ins and outs of self-employment taxes, including how to calculate and report them.
Module #7 Hiring Employees vs. Independent Contractors:Tax Implications This module covers the tax implications of hiring employees versus independent contractors. Well discuss the differences between the two, as well as how to properly classify workers for tax purposes.
Module #8 Tax Credits and Incentives for Small Business Owners There are many tax credits and incentives available to small business owners. This module covers some of the most common ones, including the Earned Income Tax Credit, the Child Tax Credit, and more.
Module #9 Tax Strategies for Home-Based Business Owners This module covers the unique tax challenges and opportunities facing home-based business owners, including the home office deduction and how to claim it.
Module #10 Retirement Planning and Tax Strategies As a small business owner, its essential to plan for retirement. This module covers the different retirement account options available, including SEP-IRAs, Solo 401(k)s, and more.
Module #11 Tax Strategies for Business Owners with Rental Properties If you own rental properties in addition to your business, this module is for you. Well cover the tax implications of owning rental properties, including how to claim deductions and credits.
Module #12 Audits and Tax Disputes:What to Do If Youre Audited While no one wants to be audited, its essential to know what to do if you are. This module covers the steps to take if youre audited, as well as how to dispute tax assessments.
Module #13 Tax Planning for Business Growth and Exit As your business grows, your tax strategy should evolve with it. This module covers tax planning considerations for business growth, including how to minimize taxes when selling your business.
Module #14 Tax Strategies for Business Owners with International Income If you have international income or do business internationally, this module is for you. Well cover the tax implications of international income, including how to report it on your tax return.
Module #15 Cryptocurrency and Taxes:What You Need to Know Cryptocurrency is becoming increasingly popular, but the tax implications can be complex. This module covers the tax rules surrounding cryptocurrency, including how to report gains and losses.
Module #16 Tax Planning for Business Owners with Multiple Businesses If you own multiple businesses, this module is for you. Well cover the tax implications of owning multiple businesses, including how to minimize taxes and maximize efficiency.
Module #17 Tax Strategies for Business Owners with Pass-Through Income Pass-through income can be complex, but this module breaks it down in a way thats easy to understand. Well cover the tax implications of pass-through income, including how to report it on your tax return.
Module #18 Estate Planning and Tax Strategies for Business Owners As a business owner, its essential to plan for the future. This module covers estate planning considerations, including how to minimize taxes and ensure the continued success of your business after your passing.
Module #19 Year-Round Tax Planning Strategies for Small Business Owners Tax planning shouldnt just happen at tax time. This module covers year-round tax planning strategies to help you minimize taxes and maximize profitability throughout the year.
Module #20 Tax Reform and Its Impact on Small Business Owners Tax reform can be complex and ever-changing. This module covers the latest tax reforms and how they impact small business owners, including changes to tax rates, deductions, and credits.
Module #21 Tax Strategies for Specific Industries (e.g. Healthcare, Construction, etc.) Different industries have unique tax challenges and opportunities. This module covers tax strategies specific to certain industries, including healthcare, construction, and more.
Module #22 Working with a Tax Professional:What to Expect As a small business owner, its essential to work with a tax professional who understands your business and tax needs. This module covers what to expect when working with a tax professional, including how to find the right one for you.
Module #23 Tax Software and Tools for Small Business Owners There are many tax software and tools available to small business owners. This module covers some of the most popular options, including QuickBooks, Xero, and more.
Module #24 Tax Strategies for Seasonal Businesses Seasonal businesses have unique tax challenges and opportunities. This module covers tax strategies specific to seasonal businesses, including how to minimize taxes during slow periods.
Module #25 Tax Strategies for Farming and Agricultural Businesses Farming and agricultural businesses have unique tax challenges and opportunities. This module covers tax strategies specific to these industries, including how to claim deductions and credits.
Module #26 Tax Strategies for Service-Based Businesses Service-based businesses have unique tax challenges and opportunities. This module covers tax strategies specific to these industries, including how to claim deductions and minimize taxes.
Module #27 Tax Strategies for Online Businesses Online businesses have unique tax challenges and opportunities. This module covers tax strategies specific to online businesses, including how to claim deductions and minimize taxes.
Module #28 Tax Strategies for Businesses with Inventory Businesses with inventory have unique tax challenges and opportunities. This module covers tax strategies specific to these industries, including how to claim deductions and minimize taxes.
Module #29 Tax Strategies for Businesses with Intellectual Property Businesses with intellectual property have unique tax challenges and opportunities. This module covers tax strategies specific to these industries, including how to claim deductions and minimize taxes.
Module #30 Course Wrap-Up & Conclusion Planning next steps in Tax Strategies for Small Business Owners career
