Tax Myths and Misconceptions
Many individuals and small business owners are unaware of their tax responsibilities.
Following are just a few of the
misconceptions:
- My accountant is responsible for my business taxes;
- I do not need an EIN if my business is registered as a LLC;
- I can avoid paying taxes by hiring people as contractors; and
- I can pay any salary to myself when my business is a sole proprietorship or if I am a general partner.
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1.
Overview
- Business Tax Structure.
2.
Calculating Taxes - different types; and who should pay them
3.
Consequences of failing to file and pay taxes.
4.
Federal Business Tax Forms and whether to do it yourself or hire a tax expert.
5.
State Business Income Tax (Franchise Tax) - how to calculate it and report it.
6. Payroll Taxes including: Social Security, Medicare, Federal, State and Unemployment Taxes.
7.
Calculating Payroll Taxes - when to pay
8.
Contract Employees vs. Employees - Tax differences
9. Sales Tax - a business owner's responsibilities
10. New Tax Laws- Brief Overview - How they impact small business owners.
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 Avoid the pitfalls. You are responsible for your business taxes and failure to comply with tax laws has severe consequences, including your personal and business income garnishment, lien on business and personal assets and, in the case of intentional fraud, jail. Learn, save time, money and your peace of mind.
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Featured Presenter - Mo Tehrani
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 Dr. Mohammad ("Mo") Tehrani started his first business in 1995. He has co-owned and still co-owns and/or invests in multiple businesses in varying sectors: real estate, pharmacy; security systems; and accounting. Currently he is a consulting partner with a public accounting firm in Houston, Texas. He is also a full-time professor of accounting at Houston Community College. Dr. Tehrani, started out in neurochemistry and has a BS in Biology/Geology, an M.Ph in Human Biology, a Ph.D in Neurochemistry. When he and his brother ventured into business ownership, he also enrolled in the Accounting program at University of Houston and became a CPA in 1999. Mo has volunteered with various organizations such as the BCM-Credit Union, where he served on the Board of Directors. He joined SCORE in July 2012 and has served in varying positions in addition to his ongoing role providing counseling to small business owners. Dr. Tehrani is now incoming President of SCORE Houston.
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Fee: $25.00 on line, $30.00 at the door.
Includes lunch
Veterans: Free for first 10 Veterans, Thanks to Capital One Bank (Code: VETS)
Don't miss this exciting learning opportunity!
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Sincerely,
Sandra Louvier
Director
Center for Entrepreneurship
Houston Community College - Northwest
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About the Center for Entrepreneurship
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The mission of Houston Community College's Center for Entrepreneurship is to provide education and training for entrepreneurs and small business owners. Our mission fosters economic growth through business and community development.
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HCC Alief Hayes
3rd Floor, Rm A319
2811 Hayes Road 77082
Campus is on Westheimer, west of Beltway 8 between Wilcrest and Kirkwood.
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More Upcoming Opportunities
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Financial Workshop for Small Business Launch & Growth - Great Overview and Pathway to Seed Money
Tuesday , August 28
HCC Alief Hayes Campus
8:30 am - 4:30 pm
For all proposed, startup and existing business owners who know it is time to plan now to understand the numbers that create success for their business. This workshop prepares you for the "why, how and what's next" when it comes to understanding your past, knowing where you stand now and what you need to do to analyze and estimate the numbers you and your investors/lenders need to know to back you and propel you to sustainable success. Use this day to change your future!
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Am I an Entrepreneur?
Friday, September 7
HCC Southeast
Eastside Campus
9:00 am - 4:00 pm
For all proposed, startup, and existing business owners who want to know what it takes to create and run a successful business. What are the key traits of successful entrepreneurs? This workshop is created for you to perform a self-analysis of your psychological preferences and help you to accommodate your entrepreneurial ambitions to propel you to sustainable success.
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Sales & Marketing Powered Up - For Small Business Launch & Growth
Thursday, September 20
HCC Alief Hayes
3rd Floor
8:30 am - 4:30 pm
This workshop prepares you for the "why, how and what's next" of understanding your target audience and effectively reaching them. Use this day to plan for growth!
Featured Topics:
Basics of Traditional Marketing
Sales Toolbox
Being Profitable, Memorable and Meaningful
Why go Digital?
Workshop Takaways:
During the workshop each participant will be working on a One-Page Sales & Marketing Plan that will include....
Click on the the link below for your marketing plan details and to register!
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