Introduction

Many non-financial managers are involved in business operations that have tax consequences, yet they may not have formal training in taxation. Understanding tax implications is crucial for making informed business decisions, managing costs, and ensuring compliance.

This 5-day training course is designed to equip non-financial managers with the essential tax knowledge they need to navigate corporate taxation, payroll taxes, VAT/GST, and tax planning strategies. The course simplifies complex tax concepts, helping managers understand how tax policies impact their business units and financial decisions.

Course Objectives

By the end of this course, participants will be able to:

• Understand the basics of corporate taxation and business tax obligations.
• Identify tax implications in financial decision-making.
• Manage tax compliance risks within their business units.
• Navigate payroll taxes and employee tax considerations.
• Work effectively with finance and tax professionals to optimize business strategies.

Who Should Attend?

This course is ideal for:

• Operations and general managers
• Sales and marketing managers
• Human resource professionals
• Supply chain and procurement managers
• Business owners and department heads
• Anyone responsible for business decisions that have tax implications

Course Outline

Day 1: Fundamentals of Business Taxation for Managers

• Introduction to corporate taxation and tax compliance
• Understanding different types of business taxes (income tax, payroll tax, VAT/GST, excise tax)
• How tax policies affect pricing, budgeting, and profitability
• Tax obligations for different business structures (LLC, S-Corp, C-Corp)

Workshop: Identifying tax-sensitive business decisions

Day 2: Sales Tax, VAT/GST, and Business Transactions

• Basics of sales tax, VAT, and GST: When and where they apply
• Tax implications of domestic vs. international sales
• Managing tax compliance in multi-state or multi-jurisdictional operations
• How VAT/GST impacts procurement, pricing, and supply chains

Case Study: Handling sales tax for an e-commerce business

Day 3: Payroll Taxes and Employee Compensation

• Employer payroll tax responsibilities (FICA, FUTA, withholding tax)
• Employee vs. independent contractor classification: Tax implications
• Tax-efficient compensation strategies (bonuses, stock options, fringe benefits)
• Handling employee tax reporting (W-2s, 1099s)

Workshop: Designing a tax-compliant compensation package

Day 4: Tax Planning and Compliance Risk Management

• The role of non-financial managers in tax risk management
• Identifying tax risks in business operations
• Working with finance teams and tax professionals to maintain compliance
• Understanding tax incentives, deductions, and credits that impact business costs

Case Study: Avoiding tax compliance pitfalls in a growing company

Day 5: Advanced Tax Strategies & Future Tax Trends

• Tax considerations in mergers, acquisitions, and business restructuring
• International tax issues for businesses with cross-border operations
• Digital taxation and the impact of e-commerce and SaaS models
• Tax reforms and regulatory trends: How they impact business strategy

Capstone Exercise: Developing a tax-conscious business strategy

Conclusion & Certification

Participants who complete the course will receive a Certificate in Business Tax Awareness for Non-Financial Managers, demonstrating their ability to incorporate tax considerations into business decision-making.

Program Benefits

• Simplified Tax Concepts – No accounting or finance background required.
• Practical Business Applications – Learn how tax affects real-world business decisions.
• Risk Management Focus – Avoid tax-related compliance issues.
• Cross-Functional Relevance – Useful for managers in various departments.
• Future-Proof Knowledge – Stay informed on tax law changes and emerging trends.