12/16/2025 1:19:57 PM	BMG 85.8 Course Outline as of Fall 1997	Changed Course
CATALOG INFORMATION
Discipline and Nbr:  BMG 85.8	Title:  TAXES AND SMALL BUS
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	3.00		6 max.	Lecture Scheduled	18.00
Minimum	1.00	Lab Scheduled	0		2 min.	Lab Scheduled	0
		Contact DHR	0			Contact DHR	0
		Contact Total	3.00			Contact Total	18.00
		Non-contact DHR	0			Non-contact DHR Total	0

Total Out of Class Hours:  36.00

Total Student Learning Hours: 54.00

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:

This course attempts to make the small business owner aware of taxes and the taxing agencies.  There are a number of tax reductions available and the owner should know how to take advantage of these tax savings. The form of business ownership, expenses, depreciation, retirement options, and other business activities will affect taxes.

Prerequisites/Corequisites:

Recommended Preparation:
Eligibility for ENGL 100 or ESL 100.

Limits on Enrollment:

Schedule of Classes Information
Description:

Taxes, taxing agencies, tax reduction. Forms of ownership & retirement options.

(Grade or P/NP)
Prerequisites:
Recommended:Eligibility for ENGL 100 or ESL 100.
Limits on Enrollment:
Transfer Credit:CSU;
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP

ARTICULATION, MAJOR, and CERTIFICATION INFORMATION

Associate Degree:		Effective:		Inactive:
Area:
CSU GE:	Transfer Area			Effective:	Inactive:
IGETC:	Transfer Area			Effective:	Inactive:
CSU Transfer:	Transferable	Effective:	Spring 1984	Inactive:	Fall 2017
UC Transfer:		Effective:		Inactive:
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:

The student will:

1.  understand the importance of taxes and tax planning in small business;

2.  know all of the necessary taxing agencies;

3.  recognize various business deductions;

4.  recognize the tax implications with each form of business ownership;

5.  recognize necessary record keeping procedures for tax purposes.

Topics and Scope

The taxing agencies:

1.  the IRS;

2.  the franchise tax board;

3.  the board of equalization.

Employee taxes.

Employer taxes.

Business deductions.

Retirement planning including:

1.  profit sharing;

2.  other options.

Maintaining a tax calendar.

Record keeping for taxes.

The legal consequences of hiring employees.

Assignments:

Tax examples and 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 10 - 40%
Essay exams, TAX PROBLEMS
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.		Problem Solving 10 - 40%
Field work, Quizzes, TAX PROBLEMS
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.		Skill Demonstrations 10 - 20%
Class performances, TAX PROBLEMS
Exams: All forms of formal testing, other than skill performance exams.		Exams 20 - 40%
TAX PROBLEMS
Other: Includes any assessment tools that do not logically fit into the above categories.		Other Category 0 - 10%
ATTENDANCE

Representative Textbooks and Materials:

SMALL BUSINESS MANAGEMENT, Nicholas C. Siropolis, Houghton/Mifflin

5th Edition, 1994.

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