Schedule C- Self-Employment and Small Business Tax

Schedule C - Self-Employment and Small Business Tax
 
Duration: 8 CE Hours | Level: Intermediate to Advanced
 
Master Schedule C preparation for self-employed individuals, independent contractors, and sole proprietors. Learn to navigate business income, expenses, cost of goods sold, home office
deductions, vehicle expenses, and self-employment tax calculations while ensuring compliance and maximizing deductions.
 
Topics Covered:
● Business income reporting: cash vs. accrual methods
● Cost of Goods Sold (COGS) calculations for inventory-based
    businesses
● Deductible business expenses and proper categorization
● Home office deduction: simplified vs. actual expense method
● Vehicle expenses: standard mileage vs. actual expense method
● Depreciation basics: Section 179, bonus depreciation, and      
    MACRS
● Self-employment tax (Schedule SE) calculations
● Quarterly estimated tax requirements
● Form 1099-NEC and 1099-K reporting
● Hobby loss rules and business vs. hobby determination
● Record-keeping requirements and audit red flags
 
Learning Outcome: Participants will confidently prepare Schedule C returns, identify all allowable business deductions, properly calculate self-employment tax, and advise self-employed clients on tax planning strategies and record keeping requirements.

Note: This course is taught by live instruction and is only available during the date and time listed below:

11/24     (11:00AM–3:00PM EST)

*Once payment has been made, please allow 24-48 hours to be emailed a Zoom link and Passcode to your registered email address