Wanting to start your own business? Don’t know where to begin? A Small Business Workshop (SBW) is the answer.
As DOR's trainer Brian Lynch explains, “The SBW is designed for the newer business owner to clarify the processes of registration, filing, and remittance of Massachusetts income and trustee taxes. We discuss the structure of the various business entities such as sole-proprietorships, partnerships, corporations and LLCs. Because most of the attendees are entrepreneurs, we discuss Schedule C, self-employment and estimated taxes. The requirements of a partnership are presented as well as how to incorporate or establish an LLC in Massachusetts together with the associated forms, due dates and payments.”
Sales tax is a popular topic among the attendees. “There is always considerable discussion about buying from a wholesaler, selling retail in MA and/or out of state and the remittance of sales tax to DOR,” said Brian. In addition, employment taxes are covered along with DOR’s online applications — MassTaxConnect for business and Web Services for Income.
Questions and feedback are encouraged in an environment where everyone learns from each other. Most importantly you can attend a SBW for free and get your business off to the right start. Select here to view up-coming SBW's. If you cannot attend a SBW in person or just can't wait to find out what goes on during a Small Business Workshop, DOR has created a video series that can be seen in the upper right hand corner of this page.