Taxes for Small Business

Introduction

• Your business's taxes

1. Big Tax Picture for Your Small Business

• How taxes affect the overall economy
• How tax policy affects your business

2. Location and Setup Implications

• Tax-free structures: Nonprofits
• How legal entities affect tax
• Location strategies and taxes

3. Types of Taxes to Know

• Sales, use, and value-added taxes
• Payroll taxes
• City, state, federal taxes, and levies

4. Tax Strategies for SMBs and Entrepreneurs

• Strategies for reducing taxable income
• Strategies for reducing tax rate
• Optimizing your workforce

5. Manage Your Taxes

• Your responsibility vs. your accountant
• Tax planning tools

Conclusion

• Next steps