The Woodward News

Local News

November 3, 2012

Workshop offers tax information for businesses

Woodward, Okla. — Business owners can get questions about taxes answered during a free workshop Nov. 8.

The tax workshop, which is slated for 9 a.m. to 11:30 a.m. at the NWOSU-Woodward campus, is conducted by the Rural Enterprises Institute (REI) of Oklahoma and the Oklahoma Tax Commission (OTC).

Jennifer Edwards, coordinator of the REI Women's Business Center, described the workshop as "a very personal, 1-on-1 presentation" with information shared in an "easy to understand" format.

Edwards said the workshop will be led by Dewey Brandon, OTC director of taxpayer services and education, with Brandon discussing current tax law and reporting requirements.

WHAT WILL BE COVERED

"Topics will include the organizational structures of businesses, registration of documents, bookkeeping and business tax forms,"  Edwards said.

She said business owners will also get instruction on filling out the various tax forms, and which forms and tax laws have changed since prior years.

"Helpful tips on rate tables, reporting formats, and exemptions will also be discussed," she said. "The workshop will cover federal as well as state taxes."

She said Brandon has developed the format and has been presenting the OTC tax workshops for more than 20 years.

"There will be ample time set aside to visit with Mr. Brandon and ask him questions that are specific to your business," Edwards said.

Those wishing to attend the seminar are encouraged to register by Nov. 7.  

While pre-registration is not required, Edwards said it would help REI staff in assuring there is adequate handout material for all attendees.

Online registration is available at the REI website  www.ruralenterprises.com.

SEMINARS WAY TO SUPPORT ECONOMIC DEVELOPMENT

Edwards said similar tax programs have been conducted in Enid and Weatherford.  REI also hosts monthly workshops at its own headquarters in Durant.

"The next session is in Durant on Nov. 15," she said.

The Rural Enterprises Institute of Oklahoma was formed to assist Oklahoma communities with economic development programs.

Tax workshops, like the one scheduled for Woodward on Nov. 8, are one of the ways the organization provides assistance to small businesses throughout the state.  REI also sponsors workshops on entrepreneurship, managing finances, and improving marketing.

REI has branches across the state, including at Northwest Technology Center in Alva, as well as other locations in Lawton, McAlester, Oklahoma City and Tulsa.

For more information about REI and its services, visit the organization's website, Facebook site at facebook.com/REIWBC or call (405) 319-8190.

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