America’s Small Business Development Center Utah will hold a Small Business Workshop and Listening Session on Tuesday, March 16th, from 12 p.m. to 2 p.m.
Jim Herrin, Director of the Salt Lake Region Small Business Development Center, provided information regarding the upcoming session, which focuses on how COVID-19 relief funding may affect taxes for small business owners.
The workshop will include expert discussions on small business essentials and tax advice related to granted COVID-19 funds. Attendees can hear directly from the IRS regarding self-employment tax, estimated taxes, and withholding tools for employers.
Additional topics scheduled for discussion involve interacting with the IRS, including information on examination and collection processes and effective methods for dealing with the organization. The session will also cover appeals, specifically the collection due process and the appeals fast track settlement program.
For those managing staff, the event will provide an overview of employment taxes, including discussions on independent contractor versus employee rules and the Trust Fund Recovery Penalty.
The event serves as a listening session where IRS representatives will seek input from participants on ways to improve service to small business owners.
To participate in the discussion, individuals must RSVP via email using HAV in the subject line to cl.sl.area6@irs.gov.
