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Introduction to Schedule C and Business Recordkeeping

When:
March 23, 2023 @ 11:00 am – 12:00 pm
2023-03-23T11:00:00-04:00
2023-03-23T12:00:00-04:00
Where:
Virtual Webinar
Cost:
Free
Contact:
703.277.7703

Good recordkeeping plays a pivotal part in the success of your business, and it also plays a huge role in the preparation of your income tax return. During this presentation we will do a brief overview of Schedule C, Profit or Loss from Business, and discuss recordkeeping for your Schedule C.

During the presentation we will address:

  • the uses of recordkeeping
  • how to calculate gross profit and gross income
  • how to calculate net profit or loss
  • how to identify and deduct expenses
  • how to document income and expenses
  • recordkeeping timeframes

A confirmation email with the Zoom login information will be sent after registration, please be on the lookout for it.


Presenter: Anika Pompey, Senior Stakeholder Liaison with the Internal Revenue Service (IRS)