Last Minute Tax Filing Tips & Recordkeeping for Small Business Owners

Last Minute Tax Tips for Small Business Owners Join Virginia SBSD and IRS for a practical session designed to help self-employed individuals and small business owners, specifically Schedule C filers, who are preparing to file their returns on extension. Attendees will receive timely guidance on what to review before filing, commonly missed deductions and how to organize business records throughout the tax year. By the end of the session attendees will be able to: • Identify last-minute filing and payment requirements for self-employed individuals and small business owners. • Identify business income from all sources. • Review common business deductions and identify overlooked tax-saving opportunities. • Understand essential recordkeeping requirements for income, expenses, mileage, and home office use. • Utilize IRS online tools and resources to review their tax accounts information.