The Tax Balancing Act - A Recordkeeping and Tax Workshop for Counselors, Therapists and Social Workers

Continuing Education Units (CEU’s) will be awarded for this daylong workshop filled with the vital and updated information needed to support and strengthen the business side of your professional practice. Learn better ways of tracking expenses, minimizing taxes, and managing your billing.

See the Stories about Lu Bauer for testimony to Lu's skill with making the tedious and seemingly incomprehensible business details totally understood and easily practiced.

Topics in the Tax Balancing Act Seminar include:

I. Recordkeeping Concepts and Systems

• Why Bother? -- The Need for Recordkeeping
• Survey of Recordkeeping Systems -- Checkbooks, Journals, One-Write, Computer
• A Model System (Manual or Computer) -- Cash Disbursements, Receipts, Proofs, Summaries, Reconciliations
• Tips on Using Financial Information for Developing a Vital, Profitable Business

• Filing Requirements -- Tax Returns, Self-Employment Taxes, Estimated Taxes, Due Dates
• Business Income and Deductions -- Cash vs. Accrual, Cash In vs. Income, Cash out vs. Deductions
• Business vs. Hobby Losses
• Net Operating Losses
• Special Areas of Concern -- Insurance, Interest Expense, Charitable Contributions, Telephone Expense

• Automobile Expenses -- Standard or Actual Method
• Business Travel -- Transportation and Lodging
• Business Meals, Entertainment and Gifts
• Home Office Expenses -- Deductions and Limitations
• Fixed Assets -- Section 179 Expense and Depreciation
• Amortization of Start-Up Costs and Software
• Gain/Loss on Sale of Business Property
• Dealing with the IRS