Small Business Tax Basics

Intermediate · 8 weeks · Online learning

What you will be able to do

• Organize a sole proprietor’s income and expense records.
• Map business activity to a Schedule C preparation workflow.
• Identify substantiation questions before claiming expenses.
• Review self-employment and estimated-payment considerations.

Course curriculum

1. Module 1: Business facts and recordsBusiness activity, method, and client intake · Books, receipts, bank activity, and recordkeeping
2. Module 2: Gross receipts and information returnsReconciling sales and business deposits · Reviewing Forms 1099 and identifying discrepancies
3. Module 3: Ordinary business expensesExpense classification and business purpose · Vehicle, travel, meals, and home-office overview
4. Module 4: Assets and tax paymentsEquipment, depreciation, and inventory overview · Self-employment tax and estimated-payment workflow
5. Module 5: Schedule C case labPreparing a complete Schedule C case · Diagnostics, documentation, and client follow-up

Learning experience

Ten focused lessons combine instructor guidance, structured notes, practical scenarios, checklists, and a documented review workflow. Students can return to the material from their learning dashboard.

Official resource: Official Schedule C instructions.

Educational content only. Confirm current law, forms, instructions, and professional requirements before applying course concepts to a client matter.