Alaska Small Business Development Center
Starting a new business and unsure where to begin with federal taxes? Join us on Wednesday, July 30, 2025 from 12:00 pm to 1:15 pm for this free Live Webinar titled “Federal Taxes and Your New Business” as the perfect starting point for entrepreneurs and small business owners who want to lay a solid financial foundation. Presented by David Higgins, Tax Specialist at the Internal Revenue Service (IRS), this session breaks down essential federal tax responsibilities and helps you make informed decisions from day one. You’ll gain practical knowledge on everything from choosing a business structure and setting up recordkeeping systems to understanding your tax obligations in the gig economy.
Whether you’re launching a side business, formalizing a startup, or hiring your first employee, this workshop will help you navigate the core components of federal tax compliance for your new venture.
Topics covered in this training include:
- How to obtain an Employer Identification Number (EIN)
- Recordkeeping and bookkeeping best practices
- Understanding different accounting methods
- Overview of business structures:
- Sole Proprietorship
- Partnership
- Corporation
- S Corporation
- Limited Liability Company (LLC)
- Tax considerations for gig economy workers
- How to choose a qualified paid tax preparer
The link above will take you to our client portal, where you will be able to register for access to this training video.