Gain Control of Your Finances

Professional Accountants with a Balanced Approach

 

 

 

 

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Home About Us Services FAQs Useful Links QuickBooks Testimonials Client Login Contact Us
Home About Us Services FAQs Useful Links QuickBooks Testimonials Client Login Contact Us

Business Taxes

 

Taxes come once a year, right?

Wrong - taxes affect a business each time the business makes a purchase. Why? Because in business, purchases need to be both ordinary and necessary to be deductible. These need to be commonly accepted in your trade of business although they don’t need to be indispensable to be considered necessary.

When you wait until the end of the year to create financial statements, you have no idea what your taxes will be. Being prepared is essential to minimizing taxes and penalties assessed by the tax authorities.

In addition, a business has many  types of taxes to monitor, file returns, and pay on time. Trying to wade the arena alone can be foolish because there are so many deadlines that it’s easy to miss them.  Despite its nickname, the IRS is not your benevolent uncle!

Working with a knowledgeable professional can make all the difference between always trying to catch up and feeling in control.

 

Personal Taxes

 

The key to a smooth tax return is being organized: during the year and at tax time. Depending on your situation, you may also need to review your tax situation through out the year to make sure that you don’t miss important deadlines.

Keep important documents aside because sooner or later, you will need them, specially those that involved making money. Your filing system does not have to be fancy - just a box can be enough as long as it’ not full of irrelevant stuff and not missing anything important.