what if Discuss the tax implications of different business structures, such as sole proprietorships, partnerships, corporations, and limited liability companies $($LLCs$).$ Explain how the choice of business structure affects tax liability, reporting requirements, and the overall financial planning of a business. Provide examples of specific tax considerations for each type of business entity, including income taxes, self$-$employment taxes, and corporate taxes. Analyze the benefits and drawbacks of each business structure from a tax perspective, considering factors such as the ability to deduct business expenses, the availability of tax credits, and the potential for double taxation. How do changes in tax legislation, such as the Tax Cuts and Jobs Act $($TCJA$),$ impact the tax strategies of different business entities? Discuss the role of tax planning in minimizing tax liability and ensuring compliance with tax regulations. How can accountants assist business owners in choosing the most advantageous business structure and developing effective tax strategies? $10$ marks.