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Fundamentals of Business Taxes (Udemy.com)

Learn the fundamentals of business taxes and understand the basics of doing taxes for your business

Created by: Mike M

Last updated December 2023

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What you will learn

  • Learn the fundamentals of business taxes
  • Learn about Monthly, Quarterly and Annual business taxes at the federal and state levels
  • Learn about tax forms such as W2s, W3s, 1099s, K-1s, and 941 forms
  • Record keeping and ordering tax forms
  • Learn about SEP to reduce your annual taxes
  • Sales tax basics
  • much more

How it compares

Against the other 200 rated Udemy courses in Accounting on CourseDuck:

  • Rating4.5 out of 5higher than 49% of them
  • Reviews2,832#23 of 201 by number of reviews
  • Length1.8 hoursshorter than 86% of them
  • Last updatedDecember 2023more recently than 56% of them

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Course Description

This course is designed to help you, a new business owner, understand and meet your federal and state tax obligations.  You'll learn the  fundamentals of business taxes.

We'll get into what you need to know about Federal Taxes and your new business, detailing what needs to be submitted to the IRS, when it needs to be submitted, and the essentials of completing these tax forms. You'll learn about all the forms such as W2s, W3s, K-1s, 1099s, 941 forms and other small business taxes and tax forms; and how to file and pay your taxes electronically.

This course if for anyone no matter what kind of business you have or whether you have employees.

By the end of this course, you'll have a good understanding of the government's rules and requirements, as well as how to save time and funds when filing business taxes.

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Instructor Details

Mike M

I'm an author, and self-employment expert who has taught business and personal development topics. I have an extraordinarily passionate about helping small business owners create the life and business they want.

I assist self-employed people, by empowering and educating you to create and grow their business.

Through consulting, coaching, mentoring, and education I support and encourage self-employed people to become stronger business owners and finer human beings.

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Reviews

4.5

2,832 ratings on Udemy

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By Sarah Rowan on 6/30/2025

yes, it was great and kept me interested and occupied but it would have been more useful, if it more items were explained - for example the course focused more on a company with many employees whereas I need to know more about the LLC vs. the sole proprietorship and how does it work if it is just one or two employees but working for an LLC. Is it more beneficial as an LLC or Sole Trader. I am still not fully understanding this and probably need to take further courses.

By Jennifer Huelsewiesche on 2/1/2025

The course needs to be updated to reflect administrative changes (withholding rates, filing requirements) and the sales tax portion has no mention of NOMAD states, nexus, sales tax exemptions, or how often states may change their rate adjustments (CA for example can change quarterly). This is too critical a section to simplify. The Excel tables were helpful for tracking in conjunction with software like QuickBooks, which has problematic limitations in that area.

By Anonymized User on 9/2/2024

This was a good course. As a business owner myself, it was a great opportunity for me to not only learn about the general taxation process of my business but also about the fundamentals behind the taxation of business owners so that I can help them as a financial planner reduce taxes to improve the overall health of their given business.

By Sharon Peckham on 8/9/2024

I feel like I got some good information, and the information was relatively easy to understand. I didn't rate it a 5 just because I still have a number of questions that this didn't answer, but I'm closer to my goal, and that's good.

By Natalie N. Mesbah on 2/10/2024

This teacher is well informed and explains these forms in a simple way. It is also helpful that he doesn't rush through the information. I have time to absorb what he just said before he moves on to the next point.

By Justyn Harvey on 7/21/2023

I just started my own business earlier in the year and taxes have always caused me a bit of fear. This course was very helpful in outlining the different pieces I need to be paying attention to when it comes to Federal, State, and Local taxes. While not specific to my state, the content was relevant enough to help guide me to where I need to go. Thank you!

By Shailyn Johnson on 5/21/2023

This course helped me to understand business taxes and the forms I need to file. My business partner and I are just getting an LLC general contracting service started. The information here was gold to me. Thank you.

By Anonymized User on 7/3/2022

Pros: good information and detailed guidance of how to file tax forms; Cons: mostly applicable to sole proprietorship & LLC rather than corporations, which should be reflected more clearly on the course's name and description (i.e. if I had no idea about the US's taxation, I would not be able to understand tax forms and applicable entities within the scope of this course);

By Ronata Thomas on 12/18/2021

This course provided a great amount of knowledge for new and existing business owners. I was able to refresh myself on business tax knowledge that I don't typically use for my clients often. However, with me expanding my business to include clients with businesses that have paid employees it allowed me to refresh myself on the records that they must have for accurate tax filings. Thank you!

By Ivana Bunjevacki on 8/18/2020

Detailed step-by-step information on how to do and file your business's taxes. Before taking this course I knew how to do Payroll taxes and Sales tax in Quick Books Online, but what was missing in my knowledge was how to file them online. Mike's course filled this gap for me. Also, previously I didn't know what forms I should download from the Internet and what they look like. Now I feel much more confident about all this. Great job, Mike!

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Overall Score : 90 / 100