In the process of starting a business, financial and tax knowledge is an important content that must be understood. For different types of enterprises, there are different differences in their industrial and commercial taxes. Choosing the right type of enterprise can save a lot of taxes for enterprises, which is also the first step to success.

First of all, limited companies, joint-stock companies, partnerships, sole proprietorships and self-employed enterprises are the mainstream types of enterprises at present. These types of enterprises are different in terms of industrial and commercial taxes. Therefore, when choosing an enterprise type, it is necessary to carefully compare the advantages and disadvantages of each type and make the best choice based on its own situation.

Secondly, for enterprises, it is necessary to understand VAT, corporate income tax, personal income tax and other major taxes. The tax rates of these taxes will directly affect the profits of enterprises, so it is necessary to have a thorough understanding of the policies of various taxes to avoid unnecessary tax expenditures.

Third, preferential tax policies are also one of the contents that entrepreneurs need to master. Preferential tax policies are measures launched by the government to encourage enterprise innovation and development. Reasonable use of these policies can enable enterprises to pay less or no taxes as much as possible, thereby reducing enterprise costs.

Finally, entrepreneurs also need to understand the legal common sense related to enterprises, such as the crime of misappropriating funds, the crime of falsely reporting invoices, the crime of job embezzlement, and so on. If enterprises break the law and commit crimes in operation, they will not only face economic losses, but also may lose their freedom. Therefore, entrepreneurs must keep in mind the bottom line of the law, abide by laws and regulations, and standardize the business behavior of enterprises.

In short, entrepreneurs need to understand relevant financial and tax knowledge before starting a business to ensure that the enterprise can develop and grow under the premise of legal compliance. Only with comprehensive knowledge of finance and taxation can we better avoid risks and improve the competitiveness of enterprises.