Lunch and Lead Boise, Small Business Basics: What You Need to Know

Tax Tips and Traps for the Small Business

Wednesday, April 16 | 11:30 AM - 1:00 PM | Water Center

Learn about federal tax obligations at all stages of business. Some of the questions that will be addressed will include:

For the New Business:

  • Do I have a business, or is it just a hobby?
  • How do I select a business structure & get my EIN?
  • What business taxes will I pay?
  • What records must I keep?

For the Established Business:

  • What income is taxable and what is not?  
  • Which expenses are deductible?  
  • How do I pay estimated taxes?  
  • How do I avoid problems?

For the Closing Business: 

  • How do I sell my business?
  • How do I file final returns?
  • What if I can't pay my business taxes?

About the Presenters

Barbara LockBarbara Lock, Director, University of Idaho College of Law Tax Clinic

Barbara Lock received her B.S degree from University of California, Riverside, a J.D. degree from University of California, LA, and a Masters of Law (LLM) degree in tax from the University of Washington. In practice for over 20 years, she clerked for the Washington State Supreme Court and practiced tax and business law in the Seattle area. Professor Lock currently directs the low income taxpayer clinic for the University of Idaho College of Law where she also teaches tax.

John McGown John McGown, Jr. Tax Attorney, Hawley Troxell Ennis & Hawley LLP

John is a tax attorney whose practice emphasizes general tax, estate planning, tax disputes and probate law. He has also served as a professor in the graduate tax program at Boise State University where his courses included State and Local Taxation, Partnership Tax, Tax‑Exempt Organizations, and Personal Financial Planning and taught at the University of Idaho College of Law, where his courses included Estate Planning and Partnership Tax.

Ron Caron Ronald G. Caron, Jr. J.D./LL.M., RGC Tax & Estate Solutions, PLLC 

Ron specializes in the areas of tax, estate planning, business planning and probate. He has practiced law for 15 years, the last seven in Idaho. He is a solo practice attorney and works with families of all composition as well as many business start ups and small and closely held businesses. He is licensed in four states: Maine (1998), Missouri (1999), Colorado (2005), and Idaho (2006).