Enrollment Closed
This exclusive course is part of the program:
Money Matters for Creative Entrepreneurs
Go at your own pace
4 Sessions / 13 hours of work per session
Included w/ premium membership ($20/month)
Skill Level
Beginner
Video Transcripts
English
Topics
Budgeting, Financial Systems, Excel, Entrepreneurship

Not available for purchase in India

Starts Mar 13, 2018

Tax Basics for Creative Entrepreneurs

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Enrollment has closed

Go at your own pace
4 Sessions / 13 hours of work per session
Included w/ premium membership ($20/month)
Skill Level
Beginner
Video Transcripts
English
Topics
Budgeting, Financial Systems, Excel, Entrepreneurship

Not available for purchase in India

Course Description

The systems we built in Financial Systems for a Successful Studio become real as they morph into tax reporting obligations. This course provides an overview of U.S. income, consumption, and employment taxes, and connects the U.S. tax system requirements to tools we use in a professional creative practice.

Reviews
schedule

This course is in adaptive mode and starts Mar 13, 2018. Learn more about adaptive courses here.

Session 1: Tax Overview
Basic Form 1040 Overview.
7 lessons
1. Welcome & Overview
2. Income Tax
3. Schedule C
4. Reductions, Additional Income, and Adjustments
5. Estimated Tax Payments & Tax Credits
6. Not-for-Profit Organizations & Tax Exemption
7. Session Recap
Session 2: Schedule C Overview
Basic Info, Income, Expenses and Estimated taxes.
10 lessons
1. General Information & Industry Classification
2. Income & Cost of Goods Sold
3. Business Experts
4. Business Expenses, Continued
5. Transportation Expenses
6. Travel Expenses
7. Office/Studio Rental, and Business Use of Home
8. Other Business Deductions (Insurance, Equipment)
9. Nondeductible Expenses & Examples
10. Session Recap
Session 3: Sales Tax Obligations
Sales Tax Overview, The "Amazon" Rules, and Where to find more info for your state.
6 lessons
1. Sales Tax Overview
2. Sales Tax To-Dos
3. Sales Tax To-Dos, Continued
4. Sales Tax Investigation
5. Marketplace Fairness Act
6. Session Recap
Session 4: Recordkeeping for Taxes
What do I need to keep? How do I need to keep it? How long do I need to keep it? Why bother?
8 lessons
1. Recordkeeping Questions
2. What Records Do You Need to Keep?
3. How to Store Information
4. Statute of Limitations
5. Tracking Time
6. Why Bother?
7. Final Project Description
8. Program Recap
Learning Outcomes

Below you will find an overview of the Learning Outcomes you will achieve as you complete this course.

Instructors And Guests
What You Need to Take This Course
  • Equipment: A computer with a database software system (XLS is preferred, but Numbers or another open-source system will work)
  • An open mind
Additional Information

Please note: Taking part in a Kadenze course as a Premium Member, does not affirm that the student has been enrolled or accepted for enrollment by Columbus College of Art and Design.

In order to receive college credit for these program courses, you must successfully complete and pass all 3 courses in this program. If a student signs up for the Money Matters for Creative Entrepreneurs program, it is recommended that these courses are taken sequentially.

*Partial credit will not be awarded for completion of only one course.

Peer Assessment Code of Conduct: Part of what makes Kadenze a great place to learn is our community of students. While you are completing your Peer Assessments, we ask that you help us maintain the quality of our community. Please:

  • Be Polite. Show your fellow students courtesy. No one wants to feel attacked - ever. For this reason, insults, condescension, or abuse will not be tolerated.
  • Show Respect. Kadenze is a global community. Our students are from many different cultures and backgrounds. Please be patient, kind, and open-minded when discussing topics such as race, religion, gender, sexual orientation, or other potentially controversial subjects.
  • Post Appropriate Content. We believe that expression is a human right and we would never censor our students. With that in mind, please be sensitive of what you post in a Peer Assessment. Only post content where and when it is appropriate to do so.

Please understand that posts which violate this Code of Conduct harm our community and may be deleted or made invisible to other students by course moderators. Students who repeatedly break these rules may be removed from the course and/or may lose access to Kadenze.

Students with Disabilities: Students who have documented disabilities and who want to request accommodations should refer to the student help article via the Kadenze support center. Kadenze is committed to making sure that our site is accessible to everyone. Configure your accessibility settings in your Kadenze Account Settings.