Income Tax – Schedule C Small Business Sole Proprietor – (Free Course)


What you’ll learn

  1. What It Means to Be Self-Employed
  2. How to Report Self Employment Income
  3. Filing and Paying Business Taxes
  4. Identification Numbers Including EIN Number
  5. Self-Employment (SE) Tax
  6. Employment Taxes
  7. Accounting Periods and Methods
  8. Business Income & Expenses
  9. How To Figure Cost of Goods Sold
  10. Car and Truck Expenses
  11. Depreciation Expense
  12. Employees’ Pay Expense
  13. Insurance Expense
  14. Interest Expense
  15. Legal and Professional Fees Expense
  16. Rent Expense
  17. Pension Plans Expense
  18. Taxes Expense
  19. Travel and Meals Expense
  20. Business Use of Your Home
  21. Other Expenses You Can Deduct

This course includes:

  • 22 hours on-demand video
  • 1 article
  • 117 downloadable resources
  • Access on mobile and TV
  • Full lifetime access
  • Certificate of completion


This course will focus on tax preparation for taxpayers who have self-employment incomed generally reported on a Schedule C.

We will look at each new concept from multiple angles, starting with a presentation discussing the topic and then looking at examples to better understand the concepts in action.


The example section will use tax forms to work problems and an accounting equation method using Excel so learners will understand the impact on the actual tax return and visualize the concepts using a tax formula.

Sole proprietorship income reported on Schedule C adds significant complexity to income tax preparation. This course will start by introducing the complexity of Schedule C to the tax return, identifying the primary areas that will change using practical examples.

Learners will understand how self-employment tax is calculated when there is schedule C income and how part of the self-employment tax may be included as an adjustment to income.

The course will cover the accounting periods and methods that may be appropriate depending on the business needs.

We will discuss how to report business income and calculate the cost of goods sold and gross profit if applicable.

Learners will understand what a business expense is, how to report business expenses, and the most common categories of business expenses. We will show many examples to solidify the concepts.

We will learn how to report expenses related to the business use of your home, which can be a significant deduction for many businesses.

How to Get this course FREE?

Note: The udemy Courses Will be free for a Maximum of 1000 Learners can use the promo code AND Get this course 100% Free. After that, you will get this course at a discounted price. (Still, It’s a good deal for you to get this course at a discounted price).

External links may contain affiliate links, meaning we get a commission if you decide to make a purchase. Read our disclosure.


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