Tax Credits, Deductions and Taxable Income

State

• Small businesses (FTB)
• Business Credits (FTB)
• Income types for businesses (FTB)

Federal (IRS)

• Tax Guide for Small Business
• Farmers Tax Guide
• Tax Trails

Payroll

State (EDD)

• Employment and Training
• Workforce Investment Act
• Work Opportunity and Welfare-to-Work Tax Credit

Deductions: Income Tax

Federal (IRS)

• Should I Itemize?

Expenses: Income Tax

Federal (IRS)

• Business Income
• Business Expense
• Capital vs. Deductible Expenses
• Personal vs. Business Expense
• Cost of Goods Sold
• Personal Assets to a Business
• Capital gains and losses
• Use of Car
• Travel Expenses
• Use of Home
• Rental expenses
• Entertainment Expenses
• Bad Debts Deductions
• Depreciation
• Tax Scams – How to Recognize and Avoid Them

Sales and Use Tax

• Exemptions and Exclusions

Taxable Income: Income Tax

Federal (IRS)

• Business Income
• Bartering Income
• Rental Income
• Earnings for Clergy
• Gambling Earnings and Expenses
• Adjustments to Income