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The tutorial discusses the changes in income tax for the 2021-2022 tax years, primarily referencing Publication 334, the tax guide for small businesses. It outlines the income tax formula, describing how income and expenses are incorporated into tax calculations through various forms and schedules, including Schedule C for business profit and loss, and Schedule 1, which feeds into Form 1040. The video also highlights the different accounting methods—cash, accrual, and combination—and addresses the process and implications of changing the accounting method if an error was made in prior filing. The focus is on maximizing refunds while understanding these tax frameworks.