Spring Taxation University Classes Will Aid Small Business Entrepreneurs

Joyce Olshansky teaches the Taxation University class at the Old Bridge Public Library.

The New Jersey State Library in cooperation with the New Jersey Department of Treasury’s Division of Taxation was able to connect local small business owners and entrepreneurs with vital information through classes taught at 18 local libraries this past autumn. A new round of classes will begin in February at 23 more libraries across the state. Morning, afternoon and evening classes have been scheduled. The half-day Small Business Workshops will be taught by staff from the Taxation University, an outreach and training unit within the Division of Taxation.

The free workshops cover the twists, turns, nuances and basic information about starting and running a small business, including:

  • Developing a business plan,
  • Choosing a business structure with licensing and tax filing requirements for each,
  • Using the free resources from Small Business Development Centers (SBDC), SCORE (Service Corps of Retired Executives) and Small Business Administration (SBA),
  • Where and how to register a business,
  • Meeting employer responsibilities, such as how to calculate federal and state withholding taxes and filing the New Hire Reporting form,
  • The difference between an employee and a contractor (this is determined by the Dept. of Labor & the IRS),
  • Understanding sales and use tax.

Deborah Hodge of Middletown attended the workshop at the Middletown Public Library in December. “I looked at starting a consulting business last year,” she said “but everything was very confusing. I needed a step-by-step guide to make things clear and this class does that.”

The size of the workshops is being kept small to enable attendees to ask questions about their specific situations and get the answers they needed. Such was the case with Ben Cole of Red Bank and Taharka Sankara of Long Branch. Both have established small businesses, but had specific questions about changes they wanted to make. Cole is looking at changing his Partnership-type of business to an S-Corporation for tax purposes, while Sankara was ready to start hiring employees for his successful three-year old business and needed to know what to do.

“This class gave me the pieces of information I need to change my business structure,” said Cole. “It is very helpful; answered my questions,” said Sankara.

“Acquiring the knowledge to start and run a business is a primary criterion for success,” said Andrea Simzak Levandowski, project manager of Small Business Development & Technology at the New Jersey State Library. “These workshops have provided new and aspiring small business owners with vital information on how to get their business started and navigate their tax requirements.”

Upcoming sessions:

Library City Date Time Library Link to Register
Edison Public Library Edison, NJ February 6 1:00pm – 4:00pm Register
West Orange Public Library West Orange, NJ February 9 4:30pm – 7:30pm Register
Maplewood Library Maplewood, NJ February 13 10:00am – 1:00pm Register
Parsippany Troy Hill Library Parsippany, NJ February 16 10:00am – 1:00pm Register
Johnson Public Library Hackensack, NJ February 23 1:00pm – 4:00pm Register
Burlington County Library System – Cinnaminson Branch Cinnaminson, NJ February 27 4:30pm – 7:30pm Register
Willingboro Public Library Willingboro, NJ February 28 4:30pm – 7:30pm Register
Sayreville Public Library Parlin, NJ March 2 10:00am – 1:00pm Register
Piscataway Public Library Piscataway, NJ March 10 1:00pm – 4:00pm Register
Burlington County Library System Westampton, NJ March 15 4:30pm – 7:30pm Register
New Brunswick Public Library New Brunswick, NJ March 16 1:00pm – 4:00pm Register
Atlantic County Library – Mays Landing Branch Mays Landing, NJ March 22 4:30pm – 7:30pm Register
Burlington County Library System – Bordentown Branch Bordentown, NJ March 23 4:30pm – 7:30pm Register
Washington Township Public Library (Morris County) Long Valley, NJ April 10 10:00am – 1:00pm Register
Maurice M. Pine Free Public Library Fair Lawn, NJ April 19 4:30pm – 7:30pm Register
Phillipsburg Library Phillipsburg, NJ April 24 4:30pm – 7:30pm Register
Livingston Public Library Livingston, NJ April 27 4:30pm – 7:30pm Register
Long Branch Free Public Library Long Branch, NJ April 28 10:00am – 1:00pm Register
Burlington County Library System – Evesham Branch Marlton, NJ May 2 10:00am – 1:00pm Register
Montclair Public Library Montclair, NJ May 8 10:00am – 1:00pm Register
Fort Lee Public Library Fort Lee, NJ May 10 10:00am – 1:00pm Register
Camden County Library – Voorhees Branch Voorhees, NJ May 16 10:00am – 1:00pm Register
Edison Public Library – North Edison Branch Edison, NJ May 18 4:30pm – 7:30pm Register

Please visit the Taxation University’s website for additional training locations.