This guide covers the following topics: Filing and Paying Business
Taxes, Accounting Periods and Methods, Dispositions of Business Property,
General Business Credits, Business Income, How To Figure Cost of Goods Sold,
Figuring Gross Profit, Business Expenses, Self-Employment (SE) Tax and Your
Rights as a Taxpayer.
Author(s): Department of the Treasury, Internal Revenue
Service
This PDF book covers the following topics
related to Tax : Tax and society, What is tax?, Why we tax, Tax
and choice, The underpinnings of a good tax system, The policy decisions tax
must impact, The ideal tax system, As the Chancellor might put it.
Traditional finance and other business courses notes analyze a
broad spectrum of factors affecting business decision-making but typically give
little systematic consideration to the role of taxes. In contrast, traditional
tax accounting course note concentrate on administrative issues while ignoring
the richness of the context in which tax factors operate. The objective of this
note is to bridge this gap by providing a framework for recognizing tax planning
opportunities and applying basic principles of tax strategy.