Schedule C and Other Small Business Taxes – Live Webinar

Do you know how to report your business income and maximize deductions on your tax return? Join us on Wednesday, October 1, 2025, from 12:00 pm to 1:15 pm for this free Live Webinar on “Schedule C and Other Small Business Taxes.” Designed for sole proprietors, self-employed individuals, and gig economy workers, this session will walk you through the process of reporting income and expenses using IRS Schedule C, and highlight other key small business tax considerations.

Presented by David Higgins, Tax Specialist at the Internal Revenue Service (IRS), this workshop offers a step-by-step guide to completing Schedule C and understanding which expenses are deductible. You’ll also learn about important updates from the Tax Cuts and Jobs Act, how to handle bartering income, and how certain deductions flow to your individual tax return.

If you’re a small business owner preparing for tax season, this training will help you report income accurately and take advantage of the deductions available to you.

Topics covered in this training include:

• Understanding the Qualified Business Income (Section 199A) Deduction.
• Completing Schedule C, Part I:
  • Gross Receipts.
  • Returns and Allowances.
  • Cost of Goods Sold.
  • Gross Profit and Gross Income.
  • Bartering income.
• Completing Schedule C, Part II:
  • Car and Truck Expenses.
  • Depreciation and expensing under the Tax Cuts and Jobs Act of 2017.
  • Legal, professional, and office expenses.
  • Supplies.
  • Travel, meals, and entertainment.
• Calculating Net Profit or Loss.
• Reporting possible deductions on Form 1040.