Small Business Development Center Sponsors Business Tax Seminars
Don Burr from the Iowa Department of Revenue will present the seminars in the John Pappajohn Business Building (PBB) on the UI campus.
* "Sales, Use and Local Option Taxes" starts at 6 p.m. on March 22 in Room S401 PBB, the Tenneco Colloquium. Participants will learn the difference between sales taxes and use taxes. The discussion will cover the different types of tax permits issued in Iowa, which items are taxable and which are exempt, who pays tax and collects taxes and how to complete tax forms.
* "Business Expenses and Deductions" begins at 6 p.m. on March 29 in Room S401 PBB, the Tenneco Colloquium. The discussion will include business use of home and auto, and other deductions, as well as depreciation.
* "Reporting Sole Proprietor Income" will be held at 6 p.m. April 5 in Room S401 PBB, the Tenneco Colloquium. In this session, Burr will describe deductible and non-deductible expenses, and provide guidelines on retaining documentation and records. The session will also cover how to complete the Schedule C tax form and how to figure and pay self-employment and estimated taxes.
* "Payroll and Employment Taxes" will be held at 6 p.m. April 12 in Room S401 PBB, the Tenneco Colloquium. Attendees will learn about employee designations, using the correct tax forms, and withholding of both federal and Iowa taxes.
The fee for each seminar is $25 or all four for $75. Class sizes are limited. To register, contact the UI SBDC at 319-335-3742 or email firstname.lastname@example.org.
Contact: Paula McMartin, Small Business Development Center, 319-335-3742