| 4/19/2024 6:43:35 PM |
| Inactive Course |
| CATALOG INFORMATION
|
| Discipline and Nbr:
BMG 85.8 | Title:
TAXES AND SMALL BUSINESS |
|
| Full Title:
Taxes and the Small Business |
| Last Reviewed:3/28/2011 |
| Units | Course Hours per Week | | Nbr of Weeks | Course Hours Total |
| Maximum | 1.00 | Lecture Scheduled | 1.00 | 17.5 max. | Lecture Scheduled | 17.50 |
| Minimum | 1.00 | Lab Scheduled | 0 | 2 min. | Lab Scheduled | 0 |
| | Contact DHR | 0 | | Contact DHR | 0 |
| | Contact Total | 1.00 | | Contact Total | 17.50 |
| |
| | Non-contact DHR | 0 | | Non-contact DHR Total | 0 |
| | Total Out of Class Hours: 35.00 | Total Student Learning Hours: 52.50 | |
Title 5 Category:
AA Degree Applicable
Grading:
Grade or P/NP
Repeatability:
00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As:
Formerly:
BMG 85H
Catalog Description:
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Introduction to taxes and the taxing agencies for the small business. Exploration and management of tax advantages resulting in possible tax reductions. Legal entities may determine tax benefits and tax management.
Prerequisites/Corequisites:
Course Completion or Current Enrollment in BMG 85.3 and BMG 85.2 and BMG 85.1
Recommended Preparation:
Eligibility for ENGL 100 or ESL 100
Limits on Enrollment:
Schedule of Classes Information
Description:
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Introduction to taxes and the taxing agencies for the small business. Exploration and management of tax advantages resulting in possible tax reductions. Legal entities may determine tax benefits and tax management.
(Grade or P/NP)
Prerequisites:Course Completion or Current Enrollment in BMG 85.3 and BMG 85.2 and BMG 85.1
Recommended:Eligibility for ENGL 100 or ESL 100
Limits on Enrollment:
Transfer Credit:
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
| Associate Degree: | Effective: | | Inactive: | |
| Area: | | |
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| CSU GE: | Transfer Area | | Effective: | Inactive: |
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| IGETC: | Transfer Area | | Effective: | Inactive: |
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| CSU Transfer: | | Effective: | | Inactive: | |
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| UC Transfer: | | Effective: | | Inactive: | |
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| C-ID: |
Certificate/Major Applicable:
Certificate Applicable Course
COURSE CONTENT
Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
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Upon completion of the course, students will be able to:
1. Interpret the laws regarding taxation in small business.
2. Analyze tax management strategies in various business entitites.
3. Determine and explain how the various taxing agencies function.
4. Evaluate software per industry type for adequate record keeping procedures for tax purposes.
Topics and Scope
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1. The taxing agencies
a. I.R.S. (Internal Revenue Service)
b. State Franchise Tax Board
c. State Board of Equalization
d. Local taxing agencies
2. Small business taxation
a. Employee taxes
b. Employer taxes
c. Employee versus independent contractor
3. Business deductions
4. Retirement planning
a. Profit sharing
b. Other options
5. Maintaining a tax calendar
6. Monthly record and bookkeeping for tax planning
Assignments:
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1. Tax examples and problems
2. Final exam with case studies
3. In-class tax problems
Methods of Evaluation/Basis of Grade.
| Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing. | Writing
0 - 0% |
| None | |
| This is a degree applicable course but assessment tools based on writing are not included because problem solving assessments are more appropriate for this course. |
|
| Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills. | Problem Solving
60 - 80% |
| Tax problems, case studies | |
| Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams. | Skill Demonstrations
0 - 0% |
| None | |
| Exams: All forms of formal testing, other than skill performance exams. | Exams
20 - 30% |
| Final exam | |
| Other: Includes any assessment tools that do not logically fit into the above categories. | Other Category
0 - 10% |
| Attendance and participation | |
Representative Textbooks and Materials:
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Instructor prepared materials
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