Charlotte SCORE Meetup

This introductory workshop focuses on the basics of testing your business idea and identifying the key factors that influence start-up success. Start-up Basics provides you with an overview of the skills and tools you need when deciding to start a business.

In this session, you learn about: the advantages and disadvantages of owning a business, the most profitable form for your business, and the fundamentals of formation, organization, marketing, cash flow and funding sources.

What you'll learn:

Business use of your home
Simplified Home Office Deduction
Qualifying for business use of the home deduction – Exclusive Use Test
Regular Use Test
Principal place of business test
Activities that don’t disqualify your home office
Meeting place for customers test
Separate structure test
Deduction limits
Types of expenses
Expenses related to the business activity in the home
Business Use of the Home Expenses
Deductible expenses
Deduction limits – Gross Income
Example – Determining the home office deduction
What you can't do
Selling your home when you used it for business
Illegal Tax Avoidance Schemes
For employers
Federal taxes when hiring employees or independent contractors
Employment Taxes
Worker classification - Employee or Independent Contractor
Behavioral Control
Financial Control
Relationship with worker
Determining worker status
Employer responsibilities if you have employees
Determining eligibility of employees to work legally in the U.S.
Form W-4
Verification of employee SSNs
Form W-2 Wage and Tax Statement
Ensuring new employees provide correct information
Document the steps you take
Issuing Forms W-2
Earned Income Tax Credit (EITC)
Individual Tax Identification Number (ITIN)
Independent Contractors/Filing Proper Forms

It's called "The Times Square Effect" In today's 24/7 on-line all-the-time economy, it's a very "noisy" selling space, and people are overwhelmed: they are exposed to:

16,000 brands, 4,000 ads and get 145 emails (and spending 40% of their work day just responding to them). AND, when they get onto social media, they spend 90% of their time just browsing.

How do you cut through this noise to develop greater engagement with your prospects?
How do you create a compelling differentiation and call-to-action?
How do you educate your client about your company's "business behind the brand?"

Is Starting a Business Right for You? SCORE virtual workshop

Session 1: Start-Up Basics – FREE SCORE Virtual Charlotte Workshop
This introductory workshop focuses on the Business Start-Up Basics of testing your business idea and identifying the key factors that influence start-up success. The Business Start-Up Basics Virtual Workshop provides you with an overview of the skills and tools you need when deciding to start a business.
In this session, you learn about the advantages and disadvantages of owning a business, the most profitable form for your business, and the fundamentals of formation, organization, marketing, cash flow and funding sources.

Presented by SCORE Charlotte Certified Mentors at no cost to you.