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Upcoming Seminars and Workshops
 
IRS Tools for Success - Part 4
Home Office Deductions

>>FREE<< Basics of Starting a Business:
September 5th (Wed.) from 1:00p.m. - 3:00 p.m.

Writing a Winning Business Plan:

August 14th (Tues.) from 9:00a.m. -Noon $25/person

>>FREE<< Obtaining Business Financing:
August 28th (Tues.) from 10:00a.m -Noon

Getting results From Your Website :
August 16th (Tues.) from 9:00a.m. -Noon $25/person

Starting a Restaurant or Food Business
Thursday, August 23 rd , 9:00 AM - 12:00 PM, $25/person*

SBA 8th Annual Small Business Resource Fair August 16, 2007

 

Overstated adjustments, deductions, exemptions and credits account for up to $30 billion per year in unpaid taxes, according to IRS estimates.

To educate taxpayers regarding their filing obligations, this fact sheet, the fourth in a series, explains the rules for deducting home office expenses.

The IRS "Home Office Deduction Reminders" article will provide you with more detail.

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Do you have your vendors ID numbers?

 

Have you filed your 1099 forms? Not filing them could be expensive for the business owner. I received a recent phone call from the IRS not 2 months after I had prepared an income tax return for a new client. This is the earliest I had ever got a call from them after a tax return was filed. The agent was asking about a specific line on the tax return and whether 1099 forms had been filed for these payments. This demonstrates that the service is being very pro-active and early in checking on 1099 filings. I've also had new clients that had prepared their own returns and have had business deductions disallowed for not reporting the income to their worker or independent contractor on a 1099 form. Getting these forms filed is one of the best ways for the business owner to protect the deductions on their income tax return. Read more

Article provided by Sheldon Harding,CPA. Sheldon is also an ATBAT advisor. Please visit his website for more useful information .

 
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Nominate Your Favorite Aurora Business
When it comes to business, we've got it all in Aurora. From family-owned to mega big, Aurora's businesses are the heartbeat of the city, and they are going strong. The City Council, City Manager Ronald S. Miller and the Business Advisory Board want to shine the spotlight on the city's most exceptional examples, the folks with the unique concept, the innovative approach, the never-ending dedication to making the city fabulous.

We want you to tell us who you think is the best of the best. We're accepting your nominations through Aug. 31. Business or service providers must be fully and legally licensed in Aurora, and we'll make sure and honor at least one small business.

Here are some of the things we are looking for:
• Proven longevity as an Aurora business
• Significant business growth in the past year
• Introduction of a unique product or service within their industry
• Exceptional customer service
• Proven contributions to the enhancement of the community and/or locally operating charities
• Proven tax generator

The businesses chosen will be celebrated at an annual gathering hosted by City Council and the Business Advisory Board.
For more information, contact Aurora's economic development specialist Lisa Strawn at 303-739-7052 or lstrawn@auroragov.org .

 
 
Stepping up to the plate with ATBAT
 

Free business counseling is available at the Aurora BDC at no charge. However, there are times when an expert in a particular field is what you, as a business owner, really need.

A network of independent business professionals with expertise in the legal, accounting, marketing, management and computer fields, just to name a few, have agreed to provide up to one hour of consultation to your business at no charge.

After consultation with an Aurora BDC counselor, if an expert in a particular field is needed to further answer specific questions, your business will be referred to a professional in a related field for one hour at no cost to you. Obtain complete details about how to access this ATBAT Program (Aurora Technical Business Advisors Team)-- either as a business client or as a professional consultant by calling (303) 326-8690.

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The Aurora Business Development Center (BDC) offers free one-on-one counseling,
low-cost seminars, financing programs and technical assistance for entrepreneurs and existing small business owners.  www.aurorabdc.com

 

 
     
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The Aurora Business Development Center’s (BDC) E-newsletter,
Biz Beat, contains our upcoming events and programs, valuable business tips and trends, City of Aurora news and other small business resources.
If you do not wish to continue receiving this
e-newsletter, please email us at info@aurorabdc.com.


For more information on the above seminars and programs, please call the Aurora BDC at (303) 326-8690 or visit our web site.