Seminar An entrepreneur on the move
Your Road to Success: Launching and Growing Your Entrepreneurial Business
We have developed a COMPLETE SEMINAR that involves different modules, which are fundamental for the growth of a business and will transform the perspective of people who want to create a new business and those who want to take their business to a higher level, transforming themselves into business leaders, with goals set on surpassing themselves every day and guiding others to become leaders, without fear of competition and leaving a positive footprint in their wake.
Start
To excel as a leading communicator, enabling you to influence others and strengthen key relationships.
You will understand
Structures and implications of each business structure in the tax return and which one is the most suitable for your business.
You learn
To share knowledge with team members, encouraging them in their professional development and growth through your leadership.
Improvements
Your leadership skills, gaining the trust of your team.
Module I: Introduction to a business
Designed for anyone who wants to know more about the rules of opening and/or maintaining a business in Oregon and Washington, for any independent worker, or any person with an entrepreneurial spirit and desire to excel in the business area.
*Agencies where you can register a business.
*Business permits.
*Business licenses
*Identifying numbers of a business
*Importance of managing a business.
Module II: Accounting vs bookkeeping
Did you know that the IRS has specific rules about keeping records, maintaining and managing a business?
You will learn about:
* Financial reports, what they are for and how to use them.
*Process of a bookeeping.
*Complete accounting process.
*Cash flow.
*Capital.
Module III: Business Structure
Perfect for growing entrepreneurs, existing business owners considering a restructuring, or anyone with an interest in the intricacies of business structure and tax planning.
This section explores various business structures, definition of entities, and implications of each business structure on tax reporting, shedding light on their unique characteristics, advantages, and disadvantages.
Different structures:
*Unique properties
*Limited Liability Companies (LLC)
*Corporation
*Subchapter-S Corporation
*Companies
Equip yourself with the knowledge to structure your business for success!
Module IV: Payroll and taxes
In this module you will understand the payroll regulations. It is not a class to learn how to process payroll, it is an informational workshop on laws and regulations stipulated by the IRS and the state of Oregon and Washington for employers and independent contractors.
Topics to discuss about payroll:
*Differences between employees and subcontractor.
*Importance of contract between subcontractors.
*Payroll taxes.
*Importance of employee book.
Some topics to discuss about taxes:
*Business taxes by income.
*Personal taxes with business income.
*Corporation taxes.
*Tax implications.
*Amounts that can be paid.
*Dates that must be paid.
*Types of taxes that must be paid.
Informative data on rules and regulations stipulated by the IRS, State of Oregon and Washington.
It is not a class to learn how to process payroll.
Top 5 most common issues when starting a business in the United States
S corporations benefit from pass-through taxes, which means that the company's profits are transferred to the individual tax returns of the S corporation owners. S Corp owners make money from their salary and distributions reasonable
In an S corporation, business owners are considered employees of the company and must receive a reasonable salary . Since technically all S corps have employees, the S corp must manage payroll.
There is no double reporting at the federal level. At the state level the exception applies in most states. Likewise, in the case of partners who work for the corporation as self-employed, the taxes collected by the IRS for Medicare may be more beneficial than if they have the structure of an LLC.
The difference between running a business as a regular LLC versus an S corporation is that S corporation status allows business owners to pay taxes as employees of the company (rather than paying self-employment taxes like a Normal LLC, sole proprietorship or partnership).
In Oregon with an S corporation, owners pay personal income tax and self-employment tax on a predetermined salary. They can then withdraw the remaining profits from the business as a “distribution,” which is not subject to self-employment tax.
With an LLC, all business profits pass through to the owners' personal tax returns, and then the owners must pay personal income tax and self-employment tax on the entire amount.
Depending on the nature of your business, you may need to register for one or more forms of tax
Taxes are collected by the federal, state, county and city governments. Taxes help the government pay for the services it provides, including social security, health insurance, Medicare, education, and transportation. You must pay taxes if you earn money, spend money, or own property in the United States.
It is your responsibility to know when and how to pay taxes. You must file taxes if you want a refund or tax credit
Payroll taxes include federal income tax withholding, state income tax withholding, Social Security and Medicare taxes, and federal and state unemployment taxes.
Normally, an employer must withhold part of the Social Security and Medicare taxes from the employee's wages and pay the employer's share of these taxes, among other taxes directly related to the business.
ES_ES
EN