12/27/2024 11:28:30 AM	BMG 85.8 Course Outline as of Fall 2011	Changed 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:

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:

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: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:

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

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:

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:

Instructor prepared materials

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