Form 1040 Schedule C ( Updated 2020 )

• Identify which taxpayer has to file Schedule C
• Explain the difference between the cash and accrual method, and the right period in which taxpayers must know income and/or deductions.
• Develop a working knowledge of related issues, such as reporting the deduction of self-employed health insurance, employment taxes, home office deductions, and proper reporting of employee/independent contractor salaries and retirement contributions.
• Recognize different types of typical deductions, such as advertising, utilities, supplies, etc.
• Identify the methods of deducting the cost of a company car.

Mike Goossen

Advisor, Columns4success

mike@gmail.com

Mike has more than 30 years of experience as a CPA. As Vice President at Entigrity Remote Staffing, he has advised 500+ accounting firms in leveraging remote working and offshore staffing for higher growth and profitability. He is also the author of “Principles of High Performance Leadership”


Columns4success

Columns 4 Success is the result of 30 years of Business experience and ongoing education since I graduated from Fresno State in 1984. Through out those years it has been proven that successful organizations have four things in place. These four things are Leadership, Strategic Focus, Employee Development and Sound Financial Management. I call them Columns 4 Success.

Our mission is to bring life and business into balance through leadership development, strategic planning, employee development and sound financial management for business owners, executive's and the people they lead.

• To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
• CPE is available to all eligible participants within 24 hours of each webinar.
• You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
• This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during/after the webinar.
• If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
• Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.