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Schedule C Updates for 2023 Tax Returns

Schedule C Updates in 2024

Join us to learn various aspects of Schedule C, filed by sole proprietors. The topics range from basic “what’s new” to a discussion of accounting methods and issuing 1099s. We spend a great deal of time on Form 1099-K, which is a form sole proprietors can expect to receive, and which has had proposed changes in recent years. We then move into more-advanced topics such as hiring family members and choosing a retirement plan for a sole proprietor. 
 

What You will Learn

- Identify what’s new with Schedule C reporting for 2023 tax returns
- Understand cash vs. accrual methods of accounting
- Identify when a sole proprietor issues 1099s
- Form 1099-K in 2024
- Understand the issues surrounding Form 1099-K in 2024
- Identify the requirements for filing for a deduction for office in the home
- Understand the tax implications of hiring a spouse or children
- Understand the deduction for self-employed health insurance in 2024
- Understand and identify the types of retirement plans available to sole proprietors
- Understand the hobby vs. business issue
 

Who Will Benefit

- Accountants
- Payroll professionals
- HR professionals
- Accounts Director
- Tax professionals
- Tax Managers
- Accounting Practice Owners 
- Accounting Managers
- Bookkeeper
- Tax Director (Industry)
- Tax Pros
- Tax Accountant (Industry)
- Senior Accountant
- Tax Practitioners
- CPA Mid & Small Size Firm CPA
- CPA in Business
- Young CPA
- Enrolled Agent
- Entrepreneurial CPA
- Tax Preparer
- Tax Firm

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