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income tax 2021 2022 accounting periods and methods get ready to get income to the max diving into income tax 2021 2022. most of this information can be found in publication 334 tax guide for small business 2021 income tax formula line number one income noting that we would have a sub schedule basically an income statement with income and expenses expenses basically being the net then flowing into line one of the income tax formula income and first page of the form 1040 line number eight so in essence we would have the schedule c the net income flow into schedule one which would flow into page one of the form 1040 line number eight this is the schedule c profit or loss from business basically an income statement weamp;#39;re now looking at the accounting periods and methods which gets into basically bookkeeping type of topics now this is another area where you as a tax preparer you would want to be thinking what kind of clients am i picking up here do i want to be picking up more simp
