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Commission Sales Employees

Your Tuition

Your first Knowledge Gap Course: $195.

Each subsequent Knowledge Gap Course: $99.

Study period: 1 month; extensions: $99 per month.

Overview

Converting from a salaried position to a commissioned sales positions can be very confusing for an employee, especially those not familiar with paying their own expenses. These employees need guidance on what can be deducted and what can’t as well as how to keep proper records for income tax purposes.

Opportunity

The rules for claiming expenses by employees are restrictive and can be confusing. Employed commission salespersons face additional challenges as they may have sales expenses as well as auto expenses and home office expenses. And each of these types of expenses has its own set of restrictions.

What You’ll Learn

How to tell if you’re self-employed or an employee. Any why that’s important.

Under what conditions can an employee deduct employment expenses?

The restrictions placed on each type of expense claim.

How to keep proper records to audit-proof employment expense claims for commission employees.

Deepen Your Knowledge, Earn CE Credits

  • Listen to your instructor
  • Read the Knowledge Journal
  • Take the CE Quiz
  • Earn valuable CE from Knowledge Bureau

Client Presentation

The Financial Storyboard™ you will enable new conversations about the Pandemic Response. This is high value financial education you can easily share.