Tax Considerations for Small Businesses - Part 2
Authored By: D.C. Bar Pro Bono Center
Small businesses are often confused by the tax implications of choosing a business entity. Furthermore, entrepreneurs may be unclear about the legal consequences as well. Additionally, once you're up and running, business owners run in to potential pitfalls with proper reporting, deductions and employee classification.
In this webinar series, we will examine essential tax considerations for small business owners, including:
1. Choice of Entity;
2. Tax Basics;
3. Cash vs accrual accounting;
4. Employee (W-2) vs independent contractor (1099) status of service providers