Introduction to Schedule C and Business Recordkeeping
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
Your registration is not complete until you register in Zoom.
Presenter: Anika Pompey, Senior Stakeholder Liaison with the Internal Revenue Service (IRS)
Fee: No Cost
All programs of the Virginia SBDC are open to the public on a non-discriminatory basis to all legal residents and citizens of the United States.
Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. Full disclosures regarding federal funding are available at https://www.virginiasbdc.org/funding-sources/.