Tax Resources

As a hard-working honest business owner, you do your best to pay your taxes, but no more than you have to. You’re more than willing to pay your fair share, but you also know that you won’t be paying anything if your business isn’t profitable. So, choosing a tax preparer to identify areas of potential savings, and to make sure you’re getting all of the credits and deductions to which you’re entitled is crucial.

Yet sometimes your tax preparer puts you in danger. It could be that they’re being outright dishonest, and providing the IRS with false information. In other cases, it could be a case of simple ignorance or human error.

Tips For Choosing a Tax Preparer

You need … Read more →

If you’re just starting your business, you’ve got a lot of decisions to make. Not only do you need to figure out how you’re going to make your product or provide your service, you also need to figure out where the money’s going to come from, what business form to take, and even carpet color for the office in some cases.

One of the important choices you need to make is whether you’re going to use cash basis accounting or accrual basis accounting. Both methods track your business income and expenses, but they work quite differently.

Cash Basis Accounting vs Accrual Basis Accounting Cash Basis Accounting

The vast majority of small businesses operate on a cash basis. The way this … Read more →

As a business owner, you want to make sure that you’re doing what’s necessary under the law. You want to pay your taxes, file in a timely fashion, make sure you’re doing withholding taxes correctly, and more. For many businesses, a qualified accountant can take care of all of that with no problems. Yet, there are times when it might be beneficial to work with a tax attorney instead. A tax attorney has special training and qualifications that set her apart from your average accountant.

Lawyer vs Accountant

Here are some factors to consider when you’re deciding between a lawyer vs accountant:

•If you need confidentiality from the legal perspective, a tax attorney/ lawyer may be the better choice.

There … Read more →

Get more information 888-5-TAXPLAN | Contact