Buellton Chamber of Commerce
Tools for Business
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Buellton Chamber of Commerce Tools for Business |
Buellton Chamber of Commerce Tools for Business |
| Sole proprietors report their business income by attaching schedules to their personal federal 1040 tax return. After combining Schedule C income with your other adjusted gross income, pay any tax that wasn't withheld from other jobs or paid quarterly with 1040ES with this form. | ||||||||||||||||||||||||
| Forms to use | Schedule C-EZ Annual Business Return for Small Sole Proprietors Schedule C Annual Business Return for Sole Proprietors | |||||||||||||||||||||||
| Do you qualify? | There is an easy Schedule C-EZ for businesses which:
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| Inventory? | If your business has inventory, it should be using the accrual method of accounting (see Accounting Systems). Report your cost of goods sold (the cost of any inventory that you sold) in Part III on the back side of Schedule C. | |||||||||||||||||||||||
| Cars for employees | Employers who provide vehicles to their employees do not have to keep reports of vehicle use IF they have a written policy that prohibits personal use. Commuting is allowed under limited circumstances. The written policies must meet specific IRS criteria. For complete information, contact the IRS. | |||||||||||||||||||||||
| Due date | April 15 | |||||||||||||||||||||||
| How to complete the Sch. C |
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| To submit | Along with IRS 1040 and Schedule C or C-EZ, remember to include:
Mail these forms with any taxes due to the IRS. | |||||||||||||||||||||||
| Questions? | Call the IRS information hotline (800) 829-4933. For forms, call (800) 829-3676 or obtain them online at http://apps.irs.gov/app/picklist/list/formsPublications.html. | |||||||||||||||||||||||
Welcome to the Buellton Business Community!
The answers to a few questions usually determines the best business entity for you.
Learn about Requirements: Get Forms
Track your business' progress with this series of tune-ups. Your information is private; no one has access to it.
Create a Strengths-Weaknesses-Opportunities-Threats report for your business
Where do you stand with your customers?
Track your business' progress with this series of tune-ups. Your information is private; no one has access to it.
Create a Strengths-Weaknesses-Opportunities-Threats report for your business
Where do you stand with your customers?
Track your business' progress with this series of tune-ups. Your information is private; no one has access to it.
Tools to help you create a healthy workplace.
The answers to a few questions usually determines the best business entity for you.
The answers to a few questions usually determines the best business entity for you.
The answers to a few questions usually determines the best business entity for you.
The answers to a few questions usually determines the best business entity for you.
The answers to a few questions usually determines the best business entity for you.
The answers to a few questions usually determines the best business entity for you.
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How to set a price to reach your planned gross profitMarkup calculator
Use this to set prices with a markdown.List price mark-down calculator
Use this to create a layaway payment plan.Layaway plan calculator
