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

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

Fee: No cost

The SBDC reserves the right to cancel a workshop/event/program for insufficient enrollment, weather emergencies, and other unforeseen circumstances. Should a cancellation occur we will use the email you provided to contact you. Pre-registration is highly recommended. If an event is canceled or postponed and you have not pre-registered we will not be able to contact you.