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Small Business Tax Workshop Online

Tax Calendar

Tax Workshop

Tax Guide

Tax Schemes

This is Part 2 of 4 in our Small Business Tax Pak Online. As a subscriber, you are entitled to full access to the online workshop below, along with a bonus Small Business Tax Workshop on DVD with 4 hours of video.

This online version of the Workshop runs on the Microsoft Windows Media Player. Please download the Windows Media Player for your operating system if you don't already have it.

Welcome to the Small Business/Self-Employed Small Business Tax Workshop Online. This extensive workshop is designed to help new and existing small business owners understand and meet their federal tax obligations. Please select lessons from the topics below.


Introduction To Small Business Taxes  3 minutes Windows Media Video (WMV)

  • Who This Workshop Is For
  • Essential Business Concepts

Session 1: Federal Taxes And Your Business  27 minutes Windows Media Video (WMV)

  • Employer Identification Number or EIN
  • Recordkeeping Requirements
  • Bookkeeping Systems
  • Useful Business Terms
  • Five Types Of Business Organizations
  • Choosing A Paid Preparer

Session 2: Setting Up A Business So Paying Taxes Isn't A Hassle  27 minutes Windows Media Video (WMV)

  • Income
  • Expenses
  • Tax Deductions
  • Disability access credit

Session 3 (Sole Proprietors): File And Pay Taxes With A Computer  10 minutes Windows Media Video (WMV)

  • IRS E-File For Individuals
  • IRS E-File For Business
  • Form 1040 and Schedule C
  • Electronic Funds Withdrawal, EFW
  • Electronic Federal Tax Payment System, EFTPS

Session 3 (Partnerships): File And Pay Taxes With A Computer  11 minutes Windows Media Video (WMV)

  • IRS E-File For Individuals
  • IRS E-File For Business
  • Form 1065 and Schedule K-1s
  • Electronic Funds Withdrawal, EFW
  • Electronic Federal Tax Payment System, EFTPS

Session 3 (Corporations): File And Pay Taxes With A Computer  12 minutes Windows Media Video (WMV)

  • IRS E-File For Individuals
  • IRS E-File For Business
  • Form 1120 or 1120S
  • Electronic Funds Withdrawal, EFW
  • Electronic Federal Tax Payment System, EFTPS

Session 3 (Non-Profits): File And Pay Taxes With A Computer  11 minutes Windows Media Video (WMV)

  • IRS E-File For Individuals
  • IRS E-File For Business
  • Form 990 or 990-EZ
  • Electronic Funds Withdrawal, EFW
  • Electronic Federal Tax Payment System, EFTPS

Session 4: Running Your Business From Your Home  29 minutes Windows Media Video (WMV)

  • Business Use Of The Home Deduction
  • Exclusive Use Test
  • Exceptions To The Exclusive Use Test
  • Regular Use Test
  • Principle Place Of Business Test
  • Separate Structure Test

Session 5: Retirement Plans For Yourself And Your Employees  18 minutes Windows Media Video (WMV)

  • Reasons For Adopting A Retirement Plan Now
  • Where To Go For Retirement Plan Information
  • SEPs
  • SIMPLE IRAs

Session 6: Taxes On Employees And Independent Contractors  29 minutes Windows Media Video (WMV)

  • Employee Versus An Independent Contractor
  • Payer Responsibilities
  • Payer-Related Forms
  • Verify Employee Information With The SSA
  • State New Hire Registry
  • Enroll for Filing W-2s Online
  • File Information Return Electronically System, FIRE

Session 7: Managing Payroll So You Withhold The Right Amount  17 minutes Windows Media Video (WMV)

  • Wages Subject To Employment Taxes
  • Accountable Plans
  • Non-Accountable Plans
  • Unique Types Of Employees
  • Unique Types Of Issues
  • How To Figure Your Payroll

Session 7a: Salaries Paid To Indian Tribal Council Members  1 minute Windows Media Video (WMV)

  • Included In Their Income
  • But Not Considered Wages
  • No Income Tax Withholding
  • No Social Security Or Medicare Taxes

Session 7b: Payments To Ministers  1 minute Windows Media Video (WMV)

  • Definition Of A Minister
  • Subject To Self-Employment Tax
  • Subject To Income Tax
  • No Income Tax Withholding
  • No Social Security Or Medicare Taxes

Session 7c: Employees Of Non-Profit Organizations  1 minute Windows Media Video (WMV)

  • Non-Profit Organizations Are Exempt
  • But Their Employees Are Not
  • Must Withhold Income Tax
  • Special Rules For Social Security Tax
  • Special Rules For Medicare Tax
  • Special Rules For Unemployment Tax

Session 7d: Customer Tip Reporting and Withholding  7 minutes Windows Media Video (WMV)

  • Tips Are Taxable Income
  • Generally Subject To Withholding
  • Employees Must Report By The 10Th
  • Form 4070, Employee's Report of Tips
  • Pub 1244, Employee's Daily Record
  • Benefits to Reporting All Tips

Session 8: Depositing And Filing Payroll Taxes By Computer  22 minutes Windows Media Video (WMV)

  • Making Trust Fund Deposits
  • Penalties For Late Deposits
  • Penalty Rebate Program
  • Filing Your 941
  • The Benefits Of E-Filing
  • Publication 15

Session 9: All About Federal Unemployment Taxes (FUTA)  9 minutes Windows Media Video (WMV)

  • Define Wages Subject To FUTA
  • Figure the FUTA Tax Due
  • Deposit Requirements For FUTA
  • Credit For State Tax Paid
  • Filing Due Dates
  • How To File Electronically

Session 10: Where To Go And Who To Ask For Tax Help  2 minutes Windows Media Video (WMV)

  • Tax Law Changes
  • Federal Government Agencies
  • State Governments
  • IRS Tax Map (IRStaxMap.com)
  • CPAide Small Business (CPAide.com)
  • StateTaxCentral.com