Understanding tax strategies and managing your tax liability should be part of any sound financial approach. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts. This course provides insights on how to successfully and legally reduce your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. For small business owners, tax considerations are critical. They start with the structure of your business, your choice of business entity, how you pay out profits to the owners, and your accounting decisions will all have an effect on your tax liability.