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.
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.