TAXES AND TAX STRATEGIES FOR LMTS
Recent federal tax legislation and the last few years of pandemic-related economic disruptions have affected us all— and will also affect our 2023 tax returns. As a self-employed massage therapist, about 10-20% of your net income will go to taxes, including federal income tax, social security, medicare, and state and local taxes. This is often a small business person's largest single expense, and it behooves us to know how to skillfully manage this expense.
This class will be live and in-person, not a webinar. In class we will focus on how to "think Schedule C" and legally maximize our allowable business deductions. We will also cover form 1040, tax planning, tax estimating, avoiding audits, the pros and cons of various tax software programs, and the legalities of hiring contractors or employees.
Besides being packed with useful information, this class is fun, entertaining, and full of tips on how to legally save money on your taxes--you will easily recover your tuition in tax savings. You will also receive more individual attention than in a typical tax seminar due to the smaller size of the class. A professional tax preparer will join us at the end of class to answer any questions, including the implications of the recent tax laws and pandemic-related relief measures for small businesses.
"This was a fantastic class with tons of valuable information." -Dawn Geula
"The whole class was really jam-packed with significant legal information, interesting general knowledge, and great insights and ideas for legal tax deductions." -Maureen D'Armand
"My brain wants to shut down when presented with this type of stuff, but this was extremely helpful and educational." -Jet Mullen
"I dreaded coming today because of the 'dry' content, but it was fun and informative. All my questions were answered and I learned a bunch of new things that I had no clue about." - Verena Giebels
“After taking your tax class last year and following your recommendations, I received a sizable tax return. Tracking mileage, saving and tracking all my receipts (and knowing which receipts to save), and paying my quarterlies were among the key lessons. After seeing all my LMP friends end up with huge tax bills, I was shooting for the safest route possible, and it absolutely paid off! Thank you for offering such a comprehensive class." - Angela Mae Wapner
Instructor: Brian Utting
CE hours: 8 (NCBTMB-approved)
Tuition: $160
Registration: This class is sponsored by the Therapeutic Training Center. Click here to register.
Please note that due TTC infection control protocols, students will be required to wear masks during class; either a surgical mask or one of the 94’s or 95’s.