Income Tax – Schedule C Small Business Sole Proprietor 2018
Learn income tax for small schedule C businesses taught by a practicing CPA, CGMA, CPI, with B.S.tax
Small business income taxes generally reported on schedule C course including examples using actual tax forms to understand income tax concepts better.
We will discuss who is required to file a schedule C for small business income and who is self-employed.
The course will discuss new tax changes for 2018 related to small businesses.
We will discuss what self-employment tax is, how to calculate it, and how to report it.
The course will cover which tax forms a self-employed business will generally need to file and how the forms are related to each other, using actual tax forms as an example.
We will discuss different accounting methods and periods including the cash method and the accrual method and when the tax code may require one method versus another as well as when the tax code requires a deviation from the accounting method used.
The course will discuss what is included in business income and the types of business income.
We will discuss the components of cost of goods sold, how to calculate cost of goods sold, and look over the tax forms related to the cost of goods sold calculation.
The course will discuss many common business expenses. Including
What you’ll learn
Are there any course requirements or prerequisites?
Who this course is for:
PDF - 327 What's New for 2018 2019
327 What's New for 2018 2019
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PDF - 331 Identification Number
331 Identification Number
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PDF - 334 Self-Employment (SE) Tax
334 Self-Employment (SE) Tax
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PDF - 337 Which Forms Must I File
337 Which Forms Must I File
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PDF - 341 Employment Taxes
341 Employment Taxes
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PDF - 344 Accounting Periods and Methods Introduction
344 Accounting Periods and Methods Introduction
PDF - 347 Accounting Methods Cash Method
347 Accounting Methods Cash Method
PDF - 351 Accounting Methods Accrual Method
351 Accounting Methods Accrual Method
PDF - 355 Accounting Methods Combination Method
355 Accounting Methods Combination Method
PDF - 358 Accounting Methods Inventories
358 Accounting Methods Inventories
PDF - 361 Change in Accounting Method
361 Change in Accounting Method
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PDF - 364 Business Income Introduction
364 Business Income Introduction
PDF - 367 Business Income Kinds of Income
367 Business Income Kinds of Income
PDF - 371 Business Income - Kinds of Income Bartering for Property or Services
371 Business Income - Kinds of Income Bartering for Property or Services
PDF - 374 Real Estate Rents
374 Real Estate Rents
PDF - 377 Personal Property Rents
377 Personal Property Rents
PDF - 381 Items That Are Not Income
381 Items That Are Not Income
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PDF - 384 Guidelines for Selected Occupations
384 Guidelines for Selected Occupations
PDF - 387 Accounting for Your Income
387 Accounting for Your Income
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PDF - 391 How To Figure Cost of Goods Sold Introduction
391 How To Figure Cost of Goods Sold Introduction
PDF - 394 Figuring Cost of Goods Sold on Schedule C, Lines 35 Through 42
394 Figuring Cost of Goods Sold on Schedule C, Lines 35 Through 42
PDF - 397 Inventory at Beginning of Year
397 Inventory at Beginning of Year
PDF - 401 Purchases Less Cost of Items Withdrawn for Personal Use
401 Purchases Less Cost of Items Withdrawn for Personal Use
PDF - 404 How To Figure Cost of Goods Sold Cost of Labor
404 How To Figure Cost of Goods Sold Cost of Labor
PDF - 407 How To Figure Cost of Goods Sold Materials and Supplies, Other Costs, Inventory at End Year
407 How To Figure Cost of Goods Sold Materials and Supplies, Other Costs, Inventory at End Year
PDF - 411 Figuring Gross Profit
411 Figuring Gross Profit
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PDF - 414 Business Expenses Introduction
414 Business Expenses Introduction
PDF - 417 Car and Truck Expenses
417 Car and Truck Expenses
PDF - 421 Car and Truck Expenses
421 Car and Truck Expenses
PDF - 424 Depreciation
424 Depreciation
PDF - 427 Employees' Pay
427 Employees' Pay
427 Example - Employees' Pay
427 Example - Depreciation
PDF - 431 Insurance
431 Insurance
PDF - 432 Example Insurance
432 Example Insurance
PDF - 434 Interest Expense
434 Interest Expense
PDF - 437 Legal and Professional Fees
437 Legal and Professional Fees
PDF - 441 Pension Plans
441 Pension Plans
PDF - 444 Rent Expense
444 Rent Expense
PDF - 447 Taxes Deduction
447 Taxes Deduction
PDF - 451 Travel and Meals Deduction
451 Travel and Meals Deduction
PDF - 454 Business Use of Your Home
454 Business Use of Your Home
PDF - 455 Example - Business Use of Your Home
455 Example - Business Use of Your Home
PDF - 457 De Minimis Safe Harbor for Tangible Property
457 De Minimis Safe Harbor for Tangible Property
PDF - 461 Other ExpensesYou Can Deduct
461 Other ExpensesYou Can Deduct
PDF - 464 Expenses You Cannot Deduct
464 Expenses You Cannot Deduct
PDF - 467 Figuring Net Profit or Loss
467 Figuring Net Profit or Loss
PDF - 471 Excess Business Loss Limitation
471 Excess Business Loss Limitation
PDF - 474 Net Operating Losses (NOLs)
474 Net Operating Losses (NOLs)
PDF - 477 Not-for-Profit Activities
477 Not-for-Profit Activities
PDF - 481 Who Must Pay SE Tax
481 Who Must Pay SE Tax
PDF - 484 Special Rules and Exceptions
484 Special Rules and Exceptions
PDF - 487 Figuring Earnings Subject to SE Tax
487 Figuring Earnings Subject to SE Tax
PDF - 491 Figuring Earnings Subject to SE Tax Regular Method
491 Figuring Earnings Subject to SE Tax Regular Method
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Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
"Income Tax – Schedule C Small Business Sole Proprietor 2018"
$27.81
Lifetime enrollment
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