Seminar offers tax info for small businesses | CraigDailyPress.com
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Seminar offers tax info for small businesses

Paul Shockley

Got that clean-burning fuel deduction marked on this year’s tax return?

If you bought a new Toyota Prius in the last three years, the federal government offers a one-time $2,000 tax deduction, according to the Internal Revenue Service.

Quirks, obscure deductions and a host of changes year to year with the nation’s tax code will be just one of the topics of Wednesday’s “Basic Tax Facts” seminar sponsored by the Northwest Colorado Small Business Development Center and the IRS.



A $10 registration fee will be charged for the event at The Center of Craig.

Registration runs from 12:30 p.m. to 1 p.m., while presentations run through 5:30 p.m.



A range of all issues business — from starting one, to the various types of business structures, record keeping, independent contractors and employee payroll requirements — will be covered.

Fran DiBartolo, director at SBDC’s Craig office, said a variety of federal forms and other informational items or technologies will be available.

“There’s really not going to be anything missing from this class,” DiBartolo said.

DiBartolo said while the Internet has replaced most public facilities as sources of business-related federal tax information, rural small businesses generally remain wary of the technology.

“Understanding the ins and outs of the Internet” will be among her focuses, she said.

DiBartolo also stressed having that extra set of eyes around tax time for small business.

“Many don’t have an accountant on board and they’re going to miss a lot of deductions with the laws changing each year,” she said.

At-home office expense deductions — liberalized by the IRS in recent years — are among the commonly missed gifts, said Pat Taylor, an accountant with offices in Craig and Steamboat Springs and a featured speaker Wednesday.

Taylor will cover a host of issues — from the tax ramifications for various business entities, to “setting up the books for that type of business.”

“These are the kind of decisions you need to think about before opening the door,” she said.

Paul Shockley can be reached at 824-7031 or at pshockley@craigdailypress.com.


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