Business Builder Task: Taxes, Schedule C or C-EZ

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Business Builder Task: Taxes, Schedule C or C-EZ

SUDSOL Leadership Board

15 Minute Business Builder Task

Taxes - Schedule C or Schedule C-EZ

Yikes, it's that time of the year - tax time is knocking on your door.

Being a SU! demonstrator means some extra forms at tax time. But which form? Did you know that you can probably file a simplified version of Schedule C (Profit and Loss for Business) called the Schedule C-EZ?

Take 15 minutes today to learn more about business taxes and see if you qualify to file a simplified version of Schedule C and make your life a bit easier! 

Who can use the Schedule C-EZ? If you have a profit from your business and…

    • your expenses are not greater than $5,000,
    • you have no employees,
    • you have no inventory, and
    • you are not using depreciation or deducting the cost of your home you can use Schedule C-EZ.

Where can I get it? What is in it?

    • An instruction page and a one-page form with three short parts - General Information, Figure Your Net Profit, and Information on Your Vehicle
    • A simple worksheet for figuring the amount of deductible expenses

Learn more about filing your business taxes on the IRS website with these IRS video resources:

Business Share

Share your class outline with the group via email. Then when you've planned out the class, share the outline with pictures to put in our classes section and you can earn free time on your membership!

Taking Time For Business

Time is a manmade concept. It’s a little hard to swallow sometimes, particularly since everything in our lives seems to revolve around it.

Many times you hear excuses that there just isn’t enough time in the day to build your business.

Each day SUDSOL recommends one 15 minute task to work on to help build your business. These are achievable tasks that you absolutely can do.

Take 15 minutes from your lunch break, after dinner, before heading to work, or some other time that works into your schedule – and tackle just one small task to help build your business!



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