Tag: business taxes

BUILD Black Wealth Workshop – Tax Education: Tax Issues and Q&A

Register here

Are you struggling with your Personal Tax Situation?

Whether you have questions about your income taxes, haven’t filed taxes in a while, or just don’t know where to start, this is the workshop for you. Join us and our BUILD partner, Nichele Smith of Smith Strong Services, to ask and learn in an open forum to get some assistance and answers to your questions in real-time.

More about our Facilitator:

Nichele Smith is born & raised in Seattle and has worked in roles focusing on administrative assistance, financial management and accounting, business operations and compliance, facility operations, and staff management for the past 10+ years. She has held positions in a variety of industries ranging from K-12 education, labor unions, advertising, construction management, and non-profit management. Taking her collective skills of financial management and business compliance, she became a certified tax professional and enrolled agent in 2018 with the goal of educating others on how to improve their tax position to see their businesses grow. Through the word of mouth of trusted clients, she has become a trusted resource for many small business owners and taxpayers. Nichele holds a Bachelor of Science in Business Management and an MBA with a focus on Supply Chain & Management Operations.

BUILD Black Wealth Workshop – Tax Education: Personal Taxes

Register here

Are you struggling with your Personal Tax Situation?

Whether you have questions about your income taxes? or need some help covering the cost of getting your taxes filed for free, this is the place for you! Here’s the kicker, most Black people aren’t able to capitalize on some of the most lucrative areas of filing taxes. Join us and our BUILD partner, Nichele Smith of Smith Strong Services, to learn how properly file your taxes, reduce your tax burden, and possibly maximize your tax refund.

More about our Facilitator:

Nichele Smith is born & raised in Seattle and has worked in roles focusing on administrative assistance, financial management and accounting, business operations and compliance, facility operations, and staff management for the past 10+ years. She has held positions in a variety of industries ranging from K-12 education, labor unions, advertising, construction management, and non-profit management. Taking her collective skills of financial management and business compliance, she became a certified tax professional and enrolled agent in 2018 with the goal of educating others on how to improve their tax position to see their businesses grow. Through the word of mouth of trusted clients, she has become a trusted resource for many small business owners and taxpayers. Nichele holds a Bachelor of Science in Business Management and an MBA with a focus on Supply Chain & Management Operations.

Get answers to some of your most basic tax questions and file your taxes with peace of mind knowing they were done right! Free tax preparation will be made available for personal tax returns and small business tax returns for participants.

There is no income requirement to qualify for the FREE tax services.

Small Business Tax Essentials: Tax Security and Filings During Covid-19 – Do’s and Don’ts

With special guest: Veronica Tubman, Stakeholder Liaison, IRS

Wednesday, March 31, 2021, 12:00pm EST

Register: https://www.nfib.com/webinars/small-business-tax-essentials-tax-security-and-filings-during-covid-19-dos-and-donts/

Tax time is approaching fast. Whether you hire a professional or do your taxes yourself, you should be aware of COVID-19 tax benefits available to small businesses and make sure you pay the right amount, file on time, and protect your business’s assets.

Highlights from this week’s webinar:

  • Small Business Tax Essentials: Hear from the IRS on estimated taxes, self-employment tax, withholding tools for employers, tax security awareness, and more.
  • Interacting with IRS: Hear about examination and collection processes.
  • PPP updates: Updated loan application forms and deadline for filing.
  • Shuttered Venue Operators Grant (SVOG):New information about SBA’s application portal, which will open on Thursday, April 8, 2021.
  • Restaurant Revitalization Fund: Three steps businesses need to take now to prepare for the SBA grant program for restaurants and bars.
  • Q&A LIVE with Beth, Holly, & Veronica

Business Operations: Business Structure

Description:
Ever wonder what the difference is between an S Corp and a C Corp?
Are you paying yourself under the wrong classification?
Could you be saving money on taxes?

This workshop will help you understand the difference in the legal structures and benefits of choosing the correct one and/or changing to ensure you are leveraging efficiently. You will walk away with knowledge of your businesses structure that will promote better tax management in 2021.

Special Guests Presenter – Abdi Mohamud, CPA, CIA, CRMA to provide instruction and insight

2020 Tax Update: How the EIDL, PPP, ERTC, PUA, and Regional Grants Will Affect Your Taxes

Thursday, February 4, 2021 | 2:00 – 3:30pm

Register at: https://us02web.zoom.us/webinar/register/WN_9Aafg1jWRP28Yfl659gcAw

This year, your taxes are likely going to look a little different than they normally do. Last year, a lot of new programs were created to help small businesses. This means you’re most likely going to deal with situations you’ve never seen before including forgiven loans, grants, and unemployment benefits.

The Economic Aid Act passed on December 27, 2020 also extended the Employee Retention Tax Credit (ERTC) created under the CARES Act to include employers that received PPP loans, so any employer meeting ERTC eligibility criteria can now benefit.

Join us for this week’s Eastside Recovery Hub Webinar featuring representatives from the IRS and Falco Sult to learn more about how the different programs will impact your business taxes.

Speakers

  • Kristina Hudson, Executive Director, OneRedmond
  • Cathye Mason, Stakeholder Liaison, Internal Revenue Services (IRS)
  • Ricky Waldemann, CPA, CVA, MPAcc, Senior Tax Manager, Falco Sult

Business Finance: Business Credit

Description:
Is your personal credit preventing you from growing your business?
Want to separate your social security number from business debt?
Need access to vendor accounts or business credit cards?

This workshop will help you separate yourself from your business by establishing credit using your EIN instead of your SSN with a simple formula that will help you gain access to capital. This workshop will also dispel some myths about personal credit to help you improve if strategically!

Instructions:
Zoom link will be provided. Replay available to all registrants

Washington State Business Taxes

While business taxes are a certainty, the types of state taxes a small business owner will be reporting are important to know. In this workshop, you will learn about Washington’s business and occupation (B&O) tax and when and how to collect and pay retail sales tax—straight from the source.