Business Tax Rules You Have to Know for Your Small Business (Core) - Seated

This seminar provides a concise overview of the key distinctions between individual business filers and formal business entities. It will cover how sole proprietors report income using Schedule C, landlords use Schedule E, and farmers file under Schedule F, all within the individual Form 1040 framework. The session will then contrast these with separate business return structures, including partnerships (Form 1065), S corporations (Form 1120-S), and C corporations (Form 1120). Attendees will gain clarity on how income flows, how liability and structure differ, and what triggers a transition from individual to entity taxation. The seminar will also introduce the primary taxes associated with each structure, including self-employment tax, federal and state income tax, and franchise or entity-level taxes. This high-level session is ideal for building foundational understanding without diving into operational complexity. Notice: This course meets the "Your Small Business Taxes" requirement of the Small Business Startup Certification. The Small Business Startup Certification is a non-curriculum certificate program. Completion of this program does not contribute toward a Stanly Community College degree or certificate and is not recorded on a college transcript. All seven core classes must be attended in order to submit an application for your certificate. Classes taken prior to January 1st, 2025 will not be counted toward certification.

Speaker(s): Chris Campeggio - Licensed CPA and Owner of Campeggio Accounting, PLLC

Co-Sponsor(s): Spark Centro

By registering for this seminar, you acknowledge that your information will be shared with our partner organization. Please note that your information will not be used for solicitation purposes.

Fee: No Cost