You are currently viewing Taxes are now due July 15th, learn more about the basics from AMTA

Taxes are now due July 15th, learn more about the basics from AMTA


AMTA Free Course

A popular topic of discussion in our Facebook group is how massage therapists on the Soothe Network are thinking about their taxes, especially post COVID-19. While the IRS has extended the tax due date to July 15th, do you know the fundamentals? Learn some tips about how to manage your receipts, time and money with a free course from AMTA so you can run your business more efficiently.

Taking Care of Your Taxes will earn you 3.0 CE credits and teach you the fundamentals of creating an effective accounting strategy for your business. Please note the course was written prior to the current situation we are in with COVID-19, but still explores the building blocks to a successful accounting strategy for your business. Please note this is NOT tax advice and you should always seek the advice of a tax professional.

This course was edited by Constance D. Nwosu, CPA who is the founder and principal of CN Accounting & Management Consulting LLC.

Objectives
When you finish this course, you will be able to:

  • Explain the different types of business entities.
  • Describe the Internal Revenue Service auditing process.
  • Discuss discounts, traded services, deductions, expenses. 
  • Identify ways to use accounting and tax preparation software.
  • Delineate the differences between contractors and employees.

About the author(s)

Margo Bowman has been a practicing accountant for over 50 years, specializing in small business taxation and Record-Keeping. She is a licensed tax consultant (LTC) and has earned the enrolled agent (EA) designation which allows her to practice before the Internal Revenue Service on behalf of her client base. In addition to taxation and accounting credentials, Margo is also a licensed massage therapist (LMT), giving her a unique insight into the needs of the massage therapy profession. 

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