Location: Santa Fe Business Incubator | 3900 Paseo del Sol, Santa Fe, NM 87507
Gross Receipts Tax Essentials
QuickBooks Online
Wednesday, September 16th
English Course: 10am - 12pm
Spanish Course: 4pm - 6pm
A clear, no-jargon session on gross receipts tax (GRT) — what it is, who owes it, and how to calculate, collect, and file it correctly. Aimed at owners who are confused about whether GRT applies to them, or who are currently filing but want to make sure they're doing it right.
Participants will learn to:
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Understand what gross receipts tax is and how it differs from income tax or sales tax
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Determine which of their sales or services are taxable under GRT rules
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Calculate the tax owed and build it into pricing or invoicing correctly
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File returns on time and avoid the most common penalties and audit triggers
Part 1: Wednesday, October 14th
Part 2: Wednesday, October 28th
English Course: 10am - 12pm
Spanish Course: 4pm - 6pm
Part 1 — Getting Set Up
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Navigate the QBO dashboard, chart of accounts, and banking feed.
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Record income and expenses and understand the basics of entering transactions correctly
Part 2 — Categorization & Reconciliation Basics
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Categorize business transactions correctly, including understanding the difference between Cost of Goods Sold (COGS) and Operating Expenses
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Learn the basics of bank reconciliation and how to identify common errors or discrepancies
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Generate a Profit & Loss statement and understand what it is telling you about your business
Location: Santa Fe Business Incubator | 3900 Paseo del Sol, Santa Fe, NM 87507