Business Taxes
Explore the intricate details of tax issues facing small business owners.
How do taxes work for small businesses?
Navigating business taxes can seem daunting at first, but we’re here to help. Your business tax obligations can include federal, state, and local taxes, and often depends on the type of business you own. We’ve got small business tax resources to help you learn the fundamentals of business taxes with a series of workshops designed for small business owners just like you.
Watch a replay of the digital workshop.
BUSINESS TAXES
Making business taxes work for you
In this session, Sheneya Wilson, Founder and CEO of Fola Financial, will address these fears, break down the fundamentals of business taxation, and provide tips and insights to ensure you know all the options at your disposal when it comes to tax deductions.
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Lesson 1
Taxes related to business entity.
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Lesson 2
State and federal taxes.
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Lesson 3
Small business tax incentives.
More resources to help your business get ahead.
SPOTLIGHT SERIES
How the ZEN Succulent utilized smart bookkeeping and Covid-19 relief for business growth.
The ZEN Succulent is a modern terrarium based in Durham, NC. See how Founder/CEO Megan Cain managed the tax implications of business growth and Covid-19 relief (PPP Program), to build and sustain a business born out of her passion for urban gardening.
5 small business tax tips.
Filing business taxes can be very overwhelming and you may not know where to start. Learn these five quick tips to stay prepared as a business owner.
How to file quarterly taxes: a small business guide to quarterly estimated tax payments.
As a small business owner, you’re responsible for calculating and paying quarterly estimated taxes. Learn how to accurately calculate how much you’ll owe at the end of the year to ensure you’re paying the right amount and avoid being penalized by the IRS.
E-book: 101 common tax deductions for entrepreneurs.
All business owners need to know how to navigate their taxes, but many don’t know all the ways they might be able to save at tax season. Download this e-book by CPA Sheneya Wilson, to see 101 common tax deductions for small business owners. Categorized by expense type, these tips can effectively help lower your taxable income.
4 tax planning essentials for running a business.
Jumping into entrepreneurship without the proper preparation and guidance can hinder the growth and success of your business. Keep these four essential steps in mind to ensure you establish a strong financial foundation.
T-Mobile does not offer or endorse any tax, legal, financial, or other advice; the opinions, insights, and recommendations of our contributors are their own. Contact professional advisors for advice.
About the workshop expert.
Sheneya Wilson
CPA and Founder of Fola Financial
The People's CPA, Sheneya Wilson, is a serial entrepreneur, Certified Public Accountant, real estate investor, and financial educator. She is the founder and CEO of Fola Financial LLC, a firm dedicated to assisting individuals and businesses with navigating their financial journeys by providing bookkeeping, tax planning, and tax preparation services.
She is also the founder of the Tax Essentials Learning Program (T.E.L.P), where she educates aspiring tax professionals on the tax code and teaches them how to build their own tax practices. Her expertise has been recognized in various publications including the New York Times, CNBC, Sheen Magazine, and Forbes.
T-Mobile does not offer or endorse any tax, legal, financial, or other advice; the opinions, insights, and recommendations of our contributors are their own. Contact professional advisors for advice.
The Magenta Edge educational content experience is an initiative to help small business owners get ahead.
These eight foundational themes cover the ins and outs of the small business journey and provide resources to help you set the pace for your success.
Marketing & Communications
Find out how to market your small business through smart targeting and storytelling.
Access & Resources
Insight on local and federal resources available to aspiring small business owners.
Profit, Scalability, & Growth
Learn about driving a business to profitability, scaling up, and identifying growth opportunities.
Navigating Barriers
Acknowledging and addressing systemic barriers black business owners may face in entrepreneurship.
Business
Credit
Insights on leveraging business credit to finance a small business and building business credit during Covid-19.
T-Mobile does not offer or endorse any tax, legal, financial, or other advice; the opinions, insights, and recommendations of our contributors are their own. Contact professional advisors for advice.