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Income Tax Myths & Facts – Small Business Owners’ Responsibilities – HCC Alief Hayes

August 26 @ 10:30 am - 1:30 pm


workshops-seminarsMany individuals and small business owners are unaware of their tax responsibilities. Following are just a few of the misconceptions:

  • My accountant is responsible for my business taxes;
  • I do not need an EIN if my business is registered as a LLC;
  • I can avoid paying taxes by hiring people as contractors; and
  • I can pay any salary to myself when my business is a sole proprietorship or if I am a general partner.

Featured Topics


04-084400The workshop will cover:

  1. Overview– Business Tax Structure.
  2. Calculating Taxes – different types; and who should pay them.
  3. Consequences of failing to file and pay taxes.
  4. Federal Business Tax Forms and whether to do it yourself or hire a tax expert.
  5. State Business Income Tax(Franchise Tax) – how to calculate it and report it.
  6. Payroll Taxes including:  Social Security, Medicare, Federal, State and Unemployment Taxes.
  7. Calculating Payroll Taxes– when to pay
  8. Contract Employees vs. Employees– Tax differences
  9. Sales Tax– a business owner’s responsibilities

Invest in Peace of Mind 


SCOREAvoid the pitfalls.  You are responsible for your business taxes and failure to comply with tax laws has severe consequences, including your personal and business income garnishment, lien on business and personal assets and, in the case of intentional fraud, jail.  Learn, save time, money and your peace of mind.


Featured Presenter


Dr. Mohammad (“Mo”) Tehrani started his first business in 1995.  He has co-owned and still co-owns and/or invests in multiple businesses in varying sectors:  real estate, pharmacy; security systems; and accounting. Currently he is a consulting partner with a public accounting firm in Houston, Texas.  He is also a full-time professor of accounting at Houston Community College.  Dr. Tehrani, started out in neurochemistry and has a BS in Biology/Geology, an M.Ph in Human Biology, a Ph.D in Neurochemistry.  When he and his brother ventured into business ownership, he also enrolled in the Accounting program at University of Houston and became a CPA in 1999.   Mo has volunteered with various organizations such as the BCM-Credit Union, where he served on the Board of Directors. He joined SCORE in July 2012 and has served as Chapter Treasurer and Education Assistant Director, in addition to his ongoing role providing counseling to small business owners and current role as Vice Chair of SCORE Houston.  He now serves as lead mentor at the HCC Alief Hayes Center for Entrepreneurship providing one-on-mentoring to aspiring and existing entrepreneurs.  More


Register Now

Fee:  $25.00 on line, $30.00 at the door. Includes Lunch!

Veterans: Free for first 10 Veterans on or after August 19, Thanks to Capital One Bank (Code: VETS)

Registration and Check – In:  10:00-10:30am

Location:  HCC Alief Hayes, Third Floor, Room A319 (around corner from elevators)

See for Yourself:  Photos of Mo In Action at a Tax Seminar


This event is brought to you by the HCC NW Center for Entrepreneurship and strategic partner SCORE:

HCC_Logo                            score logo 2014

Details

Date:
August 26
Time:
10:30 am - 1:30 pm

Venue

HCC Alief Hayes Campus-Ctr. for Entrepreneurship-3rd Floor – Room A319/A320
2811 Hayes Rd.
Houston, TX 77082 United States
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Phone:
713-718-6650
Website:
www.hccbizconnect.org