Business Tax Return and Tax Planning
All businesses are responsible for business tax filing. You must file your business tax return annually with the IRS to calculate your business’s tax liability.
Accurate record-keeping is essential to a successful business. Our firm can meet all your small business bookkeeping needs. We have the knowledge and attention to detail that your company needs to KEEP your small business on the right financial track. Outsource your business bookkeeping and put your focus back on growing your profitable business.
Handling payroll is a critical piece of any business’s operations. Processing payroll involves strict deadlines, financial balancing and accounting, and many time-consuming tasks. From ensuring employees are paid on time to withholding taxes to managing benefits like sick and vacation time, getting payroll done is not easy. We offer payroll services to small, medium, or large-sized businesses.
Business valuation is a process and a set of procedures used to estimate the economic value of an owner’s interest in a business. Valuation is used by financial market participants to determine the price they are willing to pay or receive to affect a sale of a business. With our talented and skilled professionals, clients can analyze and identify the real worth of their businesses and related assets.
Forming a Business entity is an important way to protect yourself from liability and save on taxes. you must decide what form of business entity to establish and your form of business determines which income tax return form you must file. Entities are formed at the state level, and every state has some statute that allows for the formation of an entity. We are experts in forming entities in all states of the US.
Non-Profit Entity Formation
A nonprofit corporation (also called nonprofit, non-profit, NPO, or not-for-profit) is an entity formed for purposes other than making a profit. Nonprofit corporations are formed under state law, and as a result, are subject to state rules and regulations after their formation.
Financial Audit, Review, and Compilation
The best indicator of an organization’s financial health is its records. Accurate financial statements play a vital role in securing credit, preparing for the company’s sale, or laying the groundwork for a successful merger. Our firm offers three levels of financial evaluation to suit your company’s individual needs.
Virtual CFO Services
If you are debating whether it’s time to hire a chief financial officer with experience in your industry who can start providing you and your board of directors the kind of valuable information to feed the next growth cycle. But an experienced CFO won’t come cheap, and that’s a big financial commitment for a small and growing company.
Individual Tax Return Filing and Planning
An effective tax planning strategy helps reduce your taxable income, lower what you owe in federal income tax, and maximize your potential for a refund at tax time. We work with individuals and families as well as business owners and executives, offering customized tax guidance to fit your unique situation.
Did you receive an IRS Audit Notice? An IRS audit notice can be an intimidating and complex process. There may be some items in your tax return that raise a red flag and the IRS wants to verify it. We have many years of experience in dealing with tax matters and IRS Audit.
The Individual Tax Identification Number, or ITIN, allows taxpayers who do not have a Social Security Number (SSN) to file income tax returns.
You must file an FBAR, If you are a “US person” (i.e. US citizen, permanent resident, alien resident, or LLC/corporation) and you have foreign financial accounts (bank, mutual fund, brokerage, trust, or another account) that you have a financial interest in and/or signature authority over and the total in these foreign bank accounts reached more than $10,000 at any point.