Business Tax Essentials: Updates and Guidelines

Business Tax Essentials: Updates and Guidelines
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In this webinar presented by Dorothy Smith from SCORE, key topics include business tax updates, filing requirements, deadlines, IRS definitions of expenses, and more. Gain insights into Federal and State tax obligations, common deductions, and recordkeeping rules essential for business owners. Be informed about the IRS shutdown for Tax Filing Season and understand what qualifies as deductible business expenses. Stay ahead of tax changes and ensure compliance for your business.

  • Taxes
  • Business
  • Webinar
  • IRS regulations
  • Tax filing

Uploaded on Feb 25, 2025 | 1 Views


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  1. Business Formation & Maintenance PJ Pronger Texas Tech University Northwest Texas SBDC

  2. 29 Year History 9,289 Business Starts

  3. The Business Side Developing your business is as essential as developing your technology.

  4. The Processes Legal Formation SBIR/STTR Specific Steps Ongoing Maintenance Bookkeeping Taxes & Reports Legal Requirements

  5. Legal Formation Choose legal form File with proper authority Obtain EIN** Create internal docs Bylaws or Company Agreement Open a Bank Account**

  6. SBIR/STTR Specific NIH NSF DUNS number*** SAM Registration x 2 SBA Registration Grants.gov eRA Commons FastLane x 2

  7. Ongoing Maintenance Bookkeeping Minutes & records Taxes and/or Reports

  8. Recommendations Use a consistent email address Keep accurate financial records Allocate resources for maintenance Use an attorney

  9. Contacts 806-745-3973 Adrien Bennings, Ph.D. M.B.A. adrien.bennings@ttu.edu PJ Pronger pj@nwtsbdc.org

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