Need original paper:Tax Periods andMethodImagine that you have always wanted to own a business andhave now created a new start-up company. 8 page minimum1.Analyze the start-up company you created. Include in youranalysis the type of company you have created, its business objectives, andother factors that you believe are important to the success of the business. 2.Determine the types of accounting periods that you couldchoose from for the company. Choose the type of accounting period that wouldprovide the greatest tax benefit. Provide example(s) to support your proposal.3.Evaluate the appropriateness of the types of accountingmethods that would be available for your business. Recommend the method thatwould minimize the tax liabilities for the company. Provide support for yourrationale.4.Choose at least two (2) specific transactions, and thenpropose one (1) special accounting method which your company would use toaccount for these transactions. Indicate any significant tax consequences thatmay result from the method you proposed.5.Imagine you have decided to change the accounting methodyou chose after three (3) years in business, as you have discovered thatanother method would be more advantageous from a tax perspective. Analyze therules regarding changes in accounting methods. Create a table that illustratesthe effect on taxable impact for three (3) of your business’s uniquetransactions. 6.Develop an argument that supports your proposed accountingmethod change. Create a letter to the IRS to justify your position. 7.Use at least three (3) quality references. Note: Wikipediaand other Websites do not qualify as academic resources.Your assignment must follow these formatting requirements:•Be typed, double spaced, using Times New Roman font (size12), with one-inch margins on all sides; citations and references must followAPA or school-specific format. Check with your professor for any additionalinstructions.