Business Tax

Eight modules in four parts: starting a business, payroll and compensation, state and local taxes, and business income tax. Every exercise starts by downloading the live form from irs.gov or floridarevenue.com, because the form on a website goes stale and the one on the agency's site does not.

Aimed at someone working in or heading into an accounting office who has to produce filings, not just read about them.

How this course is organized

Four parts, two modules each. The parts follow the questions a business actually asks in order: what am I, who do I pay, what do I owe the state, and what do I owe on the income. Each part stands on its own, so a team that only needs payroll can take that part and nothing else.

Jump to a part: Starting a Business  ·  Payroll and Compensation  ·  State and Local Taxes  ·  Business Income Tax

Starting a Business

Everything that happens before the first payroll run. What kind of entity to form, what it means for taxes, and every registration the business owes somebody.

Modules 1 and 2. Available on its own as a training track.

• 1 Choosing the Entity: Legal Form and Liability Sole proprietor, partnership, LLC, corporation, and nonprofit. Formation, liability, and what Sunbiz actually records. In production
  8 lectures
• 2 Registering and Getting Set Up EIN, tax classification and check-the-box, Department of Revenue registration, licenses, and the local business tax receipt. In production
  8 lectures

Payroll and Compensation

Paying people, and the eleven forms that follow. This is the part most accounting offices spend the most hours on.

Modules 3 and 4. Available on its own as a training track.

• 3 Hiring and Payroll Setup Employee or contractor, I-9 and W-4, payroll registers, and employee earnings records. In production
  9 lectures
• 4 Deposits and Payroll Returns EFTPS and deposit schedules, then 941, 940, Florida RT-6, W-2 and W-3, 1099 and 1096, and records retention. In production
  10 lectures

State and Local Taxes

Florida sales and use tax, county surtax, nexus after Wayfair, and the tangible personal property return.

Modules 5 and 6. Available on its own as a training track.

• 5 Sales and Use Tax Registering, DR-15, taxable versus exempt sales, and the county surtax with its single-item cap. In production
  9 lectures
• 6 Nexus, Use Tax and Tangible Personal Property Physical and economic nexus after Wayfair, marketplace facilitators, use tax you owe on your own purchases, and the DR-405. In production
  9 lectures

Business Income Tax

Where the books and the return stop agreeing, and how the corporate return gets built from that.

Modules 7 and 8. Available on its own as a training track.

• 7 Book-Tax Differences and Depreciation Cash versus accrual, permanent versus temporary differences, MACRS, Section 179, bonus depreciation, and Florida's add-back. In production
  9 lectures
• 8 The Corporate Return and the Annual Report Form 1120, Florida F-1120, the corporate annual report and financial statements, and the Sunbiz annual report. In production
  8 lectures

Every module opens the same way

The first video in every module is a four-minute overview. It says what the module covers, which files you need, and what you should already be able to do. It is the only segment with nothing on screen, and it is worth watching before the rest even if you plan to skip around.

Getting the files

Each module page carries its own workbooks. Type the address straight from the slide: baylineusa.com/tax/m1 through baylineusa.com/tax/m8.

Taught as TAX 2010 at Miami Dade College, and used for corporate and government training and on public channels. The material itself is course-neutral: nothing in a video names a college or university, a term, or an assignment. Ask about using it at your institution.