Maybe you recently started a small business or a cottage industry out of your home. But you have no structure in place? Or maybe you have ideas swirling around in your head for the last five years, and now you’re ready to start acting on those ideas and turning them into a money-making venture.
As a new business owner, you need information to help you understand your reporting and tax requirements. The initial stages of a business start-up can feel overwhelming, especially depending on the product or service you plan to market. You could simply go to IRS.gov or Wisconsin’s Department of Revenue website (revenue.wi.gov) to find what you need, but that can be overwhelming, too! Where do you start?
You are invited to our Accounting for Your Cottage Industry Class taught by Tara Watterson, CPA, with Accourage CPA LLC. If Tara’s name seems familiar to you, it should! Together with Farmer Caryl, Tara runs and manages BrynTeg Farm. As her off-farm job, Tara is also a CPA helping small businesses with their accounting needs. To learn more about Tara as the CPA, read more here.
Tara has spent almost nine years developing this class. Originally, the content was designed for one-on-one meetings with an individual or couple (which still is offered, if you prefer that format!). But she was encouraged to offer the content in a class format so more people could benefit and at a more budget-friendly price.
As a budding entrepreneur, Tara wants to help you sort through the many new business considerations you are facing. Do you have these types of questions?
Should you become an LLC or incorporate?
Do you need an EIN?
Are you required to collect sales tax?
What can I deduct for business use of my home?
What’s the difference between an employee and a contractor?
How much will you pay in self-employment taxes?
What tax filing requirements will you have?
What expenses should you track?
What items should you consider in a start-up or first-year budget?
How should you capture your income and expense transactions?
Cost of Class: $225/person
Dates for this Class: We are currently offering two different dates and times.
Saturday, March 14, from 9:30 am - 1:00 pm
Saturday, April 18, from 1:00 - 4:30 pm
Location of Class: BrynTeg Farm, N1087 St. John’s Way, Oconomowoc, WI (but it’s in Ashippun!)
What is the class schedule?
1-1/2 to 2 hours Class Time
1/2 hour break for a snack, view our Farm Shoppe, or get a quick breathe of fresh air (Sometimes you need a breather when you’re talking accounting and tax. We don’t want your eyes to gloss over.)
1 to 1-1/2 hours Class Time
After the class, if weather permits, you are welcome to join us for a quick farm walk. Please bring a pair of weather-appropriate shoes that you can wear to walk around the farm.
Is there a class workbook? Yes. You will be given own paper workbook of all the class topics. You can take notes directly in the workbook.
Registration in advance is required. A minimum of three participants is needed for the class to be offered. If the minimum is not met, the class will be rescheduled or canceled. Non-refundable (unless the class is cancelled) and non-transferable. This workshop will be held inside at our farm and orchard. No children and no pets, please.
Have a question about this class, contact Tara here.