Question
Have you ever thought to yourself why should I even care about this class, I will not need to know any of this stuff for
Have you ever thought to yourself why should I even care about this class, I will not need to know any of this stuff for my career? Luckily for you, EVERY student, regardless of their career path, has a vested interest in maintaining a working knowledge of business tax concepts. For instance,
You may have significant decision-making authority, the impact of which could inadvertently trigger material tax implications for the company.
You may receive shares of stock in your company in exchange for your stellar job performance, and youll then be personally impacted by the tax consequences of future distributions to shareholders made by the company.
You may have an entrepreneurial spirit and decide to start your own business the type of legal entity you choose for your new company will dictate the effective tax rate you will pay on the business taxable income each year.
Your company may be majority-owned by an influential, tax savvy individual who requires the companys leadership team to evaluate the tax implications of any operational changes.
You may work as an auditor in public accounting, and your book of business could materially increase to the extent you can evaluate your clients tax weaknesses/opportunities and thereby generate cross-sell engagement revenue.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started