Answer to Question #289093 in Management for jean

Question

Why do you think you need to take "Income Taxation" subject in relation to BSBA MAJOR IN MARKETING MANAGEMENT? *

Answer 1

There are many reasons for studying taxation. Taxing citizens is a vital method of financing the most essential public sector activities, such as the courts, the legal system, national defense and police protection. In addition, it provides the means for producing social programs, such as public health services, education and welfare.

Many entrepreneurs successfully manage their taxes by themselves and on their own. As the structure and complexity of your business increases you may want to acquire the services of a certified public accountant. As an entrepreneur you must register to pay taxes. You obtain the necessary licenses and permits and notify the IRS. These entities often provide periodic updates and inquiries with your business to ensure you have the appropriate forms and the tax filing requirements to comply with Federal and state laws.