SRJC Course Outlines

5/25/2024 12:57:13 AMBMG 85.8 Course Outline as of Fall 1997

Changed Course

Discipline and Nbr:  BMG 85.8Title:  TAXES AND SMALL BUS  
Full Title:  Taxes and the Small Business
Last Reviewed:3/28/2011

UnitsCourse Hours per Week Nbr of WeeksCourse Hours Total
Maximum1.00Lecture Scheduled3.006 max.Lecture Scheduled18.00
Minimum1.00Lab Scheduled02 min.Lab Scheduled0
 Contact DHR0 Contact DHR0
 Contact Total3.00 Contact Total18.00
 Non-contact DHR0 Non-contact DHR Total0

 Total Out of Class Hours:  36.00Total 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:
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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.


Recommended Preparation:
Eligibility for ENGL 100 or ESL 100.

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
Taxes, taxing agencies, tax reduction. Forms of ownership & retirement options.
(Grade or P/NP)

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


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

Certificate/Major Applicable: Certificate Applicable Course


Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
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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
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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.

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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%
Other: Includes any assessment tools that do not logically fit into the above categories.Other Category
0 - 10%

Representative Textbooks and Materials:
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SMALL BUSINESS MANAGEMENT, Nicholas C. Siropolis, Houghton/Mifflin
5th Edition, 1994.

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