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I am a homeschooling mother and Certified Public Accountant (CPA) combining my experience and knowledge to help homeschool organizations such as co-ops, support groups, music and sports programs. HomeschoolCPA answers questions from homeschool leaders on many topics such as nonprofit status, liability, paying teachers, tax exempt status and taxes.

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There's a lot to learn about running a small business
(view similar articles on Home Based Businesses)

Many homeschooling families are interested in either working for themselves or have teenagers with dreams of owning their own small business.  There is quite a bit to learn about running a small business.  Here are some free workshops offered by the IRS and Ohio Department of Taxation.  If you don't live in Ohio, contact your state's Department of Taxation and see if they offer similar Small Business Workshops.

New or prospective small business owners and self-employed persons can learn about their tax rights and responsibilities by attending the next Small Business Tax Workshop. These workshops are offered free of charge and are sponsored by the IRS and Ohio Department of Taxation. Most workshops are being offered in cooperation with Ohio’s Small Business Development Centers.

Types of businesses & business structure, including:
• Sole Proprietor
• Sub S-Corporation
• Partnership
• C-Corporation
• Advantages/disadvantages of each type

• Federal tax filing requirements
• Recordkeeping
• Preparation of Schedule C and S
• Estimated tax requirements
• Employment taxes

Ohio business taxes, including:
• Sales Tax
• Personal Property Tax
• State Tax Withholding

For a listing of dates and locations throughout Ohio, view Ohio’s State Tax Report
at: http://tax.ohio.gov/divisions/tax_analysis/tax_data_series/documents/ostr_summer_07.pdf
Thought this might be helpful.  There's a lot to learn about running a business.


Carol


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