The Tax Planning and Reporting for a Small Business session provides an overview of tax planning and reporting and is designed to help participants to understand how taxes can benefit and affect their business.

After completing this module, the participants will be able to:

• Identify the federal tax requirements of a small business and its owner, and to establish a plan to account and pay for federal taxes.
• Identify the general state and local tax requirements of a small business, and establish a plan to account and pay for these taxes.
• Identify methods for researching the local, municipal, and county reporting/licensing requirements for a small business.