- Sept. 6, 2019
-- Throughout the state of California, the Department of Tax and Fee Administration hosts Small Business Seminars during the year. The goal of these free events is to help business owners, or potential business owners, to understand the tax and financial implications of business ownership. How should a business be incorporated?
Should a worker be classified as an employee or independent contractor and what is the difference? What common tax problems can be avoided? These are all reasonable questions that business owners need answers to.
Since these Small Business Tax Seminars cover a wide range of topics, there are different government agencies who are invited to speak as presenters. At the Small Business Tax Seminar being held on Tuesday, September 17 in the Burbank Community Services Building at 8 AM, Anthony Sykes will be presenting on behalf of the Internal Revenue Service. Mr. Sykes, who has over 30 years of tax and accounting experience, does not work for the IRS, but he has been selected to speak on the subject of "Better Business Through Better Records".
This is a subject of interest for the IRS for several reasons. Record keeping is in many ways the backbone of a successful business. It will allow a business owner to see where they have come, where they are, and project where they are going. If an audit were to occur, having detailed records will clear up any questions very quickly. That will allow the business owner to get back to running their business. This is a principle that Anthony Sykes teaches to the clients he has in his Santa Fe Springs tax and accounting practice.
To gain more keen insights about running a successful small business, please RSVP for the Burbank Small Business Tax Seminar. It will be on Tuesday September 17 at 8 AM, details can be found here: https://www.cdtfa.ca.gov/seminar/seminar.aspx?flag=923