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Tax Topics for Small Business Owners in 2026 and Beyond

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Tax Topics for Small Business Owners in 2026 and Beyond

March 3 @ 12:00 pm – 1:00 pm

Total Income Tax is providing a comprehensive webinar on tax topics important to small businesses. Small business owners always have plenty to do – planning for and filing taxes might seem overwhelming. This training event will help you plan ahead, get organized, and manage cash flow so you can avoid financial strain and alleviate stress at tax time each year.

TOPICS OF DISCUSSION:

*Starting Right

  • The value of tax planning
  • Tax impacts to consider when setting up your bookkeeping
  • Basics of tax reporting (What, When, How and Why)
  • Income Tax Reporting
  • Sales Tax Reporting
  • Deductibility of start-up expenses
  • Should you prepare your tax forms or hire a professional?

*Maintaining Good Practices

  • Good recordkeeping – know your numbers
  • Where to obtain timely, complete, and accurate information
  • Benefits of quarterly meetings with your accountant
  • Ways to retain earnings in your business
  • How to respond to a tax levy or garnishment
  • How to respond to a tax levy or garnishment

*What’s New for 2026

  • Form 1099 K Online Marketplace Reporting and Merchant Processing
  • Form 1099 DA (Digital Assets)
  • Notable changes due to the “One Big Beautiful Bill Act”

Sponsored by: Peoria Next Innovation Center, Women’s Business Development Center, Minority Business Development Center

REGISTER TODAY

Our Speaker

Guest Speaker: William Sharpe, President of Total Income Tax, has been in the tax business since he was 8 years old, when he started in the mailroom of the family enterprise. William has vivid memories of tagging along with his mother to help with whatever work needed to be done at the office. That’s how a family business operates – all hands on deck.

He began preparing tax returns in 1999 and spent the next several years shadowing Bill Sharpe, his grandfather and business founder, on a daily basis. This allowed William to not only pick up nuances of the income tax code, but it gave him a business role model. This experience was priceless, irreplaceable, and has helped him earn the role as Total Income Tax’s President.

William is an Enrolled Agent (E.A.) and a Certified Tax Resolution Specialist (C.T.R.S.). He is a member of the following associations: National Association of Tax Preparers, American Society of Tax Problem Solvers, National Association of Enrolled Agents and the Illinois Association of Enrolled Agents.