October 17, 2021

Taxes that Apply to My Business | SBEP Finance Class

1 min read

Taxes aren’t the most enjoyable subject for entrepreneurs, but it’s vital to keep an open mind about them. This video will review business structures and the taxes that apply in each case at the federal and state levels. Learn about employee and independent contractor classification and compliance in NV.

00:00 – Introduction, Agenda, and the NV Road Map
02:57 – Understanding Taxes: Income, Expenses, and Taxable Amount
26:46 – Tax and Business Structures
46:26 – What About an LLC and Taxes?
01:02:04 – Do I Have an Employee or an Independent Contractor?
01:17:54 – Nevada Sales and Use Tax
01:24:47 – Action Plan

This video is from the Small Business Education Program. Visit our webpage for resources, upcoming classes, and more: extension.unr.edu/BusDev

UNR Extension Presenter: Juan Salas

The Small Business Education Program is part of the University of Nevada Extension’s Community and Economic Development Team. The Small Business Education Program aims to instruct small business owners and entrepreneurs about fundamental business concepts while providing access and direction to informational resources. The program team is bilingual in English and Spanish and strives to deliver as much content as possible in both languages.

Do you have an idea for a future video? Do you have a business concept that you’d like to see explained? Please comment below or send us a message through the contact form found on our webpage: extension.unr.edu/BusDev

Don’t forget to like and follow us on Facebook: facebook.com/ExtensionBusinessEducation

Reno Nevada News Source: UNRExtension

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