Understanding Small Business Taxes

Are you a small business owner seeking to simplify the process of income tax filing? Join us for an engaging and informative workshop, "Understanding Small Business Taxes," designed to empower entrepreneurs like you with essential tax knowledge.

This workshop is tailored to help small business owners confidently approach tax season while maximizing their understanding of critical forms and requirements.

Don't miss this opportunity to enhance your financial management skills in 2025! In this session, you will:



• Explore the fundamentals of Schedule C (Profit & Loss) to report business income and expenses
• Navigate Schedule SE to calculate your self-employment taxes
• Gain a basic understanding of Form 8829, which details expenses for business use of your home
• Delayed requirement for reporting digital transactions over $600 to IRS (Venmo and Zelle)
• New reporting requirement for small business loans (data collection).

Presented by Nancy Gerardi, Regional Director of the Massachusetts SBDC Northeast Region.