What you will be learning:
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\n\nBusiness use of your home
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\n\nSimplified Home Office Deduction
\n\nQualifying for business use of the home deduction &ndash\; Exclusive Use Test
\n\nRegular Use Test
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\n\nPrincipal place of business test
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\n\nActivities that don&rsquo\;t disqualify your home office
\n\nMeeting place for customers test
\n\nSeparate structure test
\n\nDeduction limits
\n\nTypes of expenses
\n\nExpenses related to the business activity in the home
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\n\nBusiness Use of the Home Expenses
\n\nDeductible expenses
\n\nDeduction limits &ndash\; Gross Income
\n\nExample &ndash\; Determining the home office deduction
\n\nWhat you can'\;t do
\n\nSelling your home when you used it for business
\n\nIllegal Tax Avoidance Schemes
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\n\nFor employers
\n\nFederal taxes when hiring employees or independent contractors
\n\nEmployment Taxes
\n\nWorker classification - Employee or Independent Contractor
\n\nBehavioral Control
\n\nFinancial Control
\n\nRelationship with worker
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\n\nDetermining worker status
\n\nEmployer responsibilities if you have employees
\n\nDetermining eligibility of employees to work legally in the U.S.
\n\nForm W-4
\n\nVerification of employee SSNs
\n\nForm W-2 Wage and Tax Statement
\n\nEnsuring new employees provide correct information
\n\nDocument the steps you take
\n\nIssuing Forms W-2
\n\nEarned Income Tax Credit (EITC)
\n\nIndividual Tax Identification Number (ITIN)
\n\nIndependent Contractors/Filing Proper Forms
\n LOCATION:ONLINE FREE UID:e.3566.1819 SEQUENCE:3 DTSTAMP:20260818T154432Z URL:https://members.fountaininnchamber.org/events/details/important-tax-information-for-small-business-1819 END:VEVENT END:VCALENDAR