Each industry has different rules for taxation. Understanding the different taxes and how they apply to your business helps you budget and plan accordingly. This video training explores the basics of small business taxation. This training explores the importance of understanding small business tax liabilities. This video discusses how entity type may impact tax liabilities. This video educates viewers about various taxes that may be relevant to a small business. Understanding small business taxation is the first step to developing an optimal tax strategy. Use this video to educate management about taxes for a small business.