Category: Business Tax

Instead of letting tax season get ahead of you, it’s time to get organized. This means taking steps to protect your business before future tax issues occur.

Where do you start? It’s important to first determine which type of taxes your business will owe.

Tax obligations prove different for each business type. They also have unique return requirements. So, it’s paramount that you understand which kind of business you’re in and its associated tax obligations.

As a business owner, whether you have an S Corp, C Corp, LLC or any other business structure, make sure you understand your federal, state, and local excise requirements. The tax laws are complicated and the 2019 tax reform can make them even more complicated. Many business owners are confused about how the new law will impact their excise bill and change their responsibilities.

However, learning some basics can help you better understand the type of levies your business is responsible for and how the new tax law will affect your bill.

Silver Tax Group is here to help you to understand your business taxes and answer all your questions and concerns. We can also help you file your taxes accurately and make sure your IRS payments are made in due time. Read our latest articles on business taxes and stay informed!

woman filling out IRS form 8829 while sitting on a couch in front of a tablet
Business Tax

Your Guide to IRS Form 8829

Do you operate your business out of your home? You may be able to take the home office deduction and need to complete IRS Form 8829.

a couple starting a microbusiness
Business Tax

Pros and Cons of Starting a Microbusiness

Is a microbusiness right for you? Learn the benefits and downsides of forming a microbusiness and how to properly file taxes as a microbusiness.

Business Tax

How to Master LLC Guaranteed Payments

Are you a member of a multi-owner LLC? Have you considered LLC guaranteed payments for compensation? Here’s what you need to know.

restaurant tax deductions for a business
Business Tax

6 Restaurant Tax Deductions to Know

Running a restaurant means managing a lot of different expenses, from employee wages to food ingredients and beverages. Which tax deductions are available to you?

business subject to excise taxes through form 720
Business Tax

Form 720: How to File Excise Taxes

Form 720 is an important small business tax form. Here’s how to properly file form 720 and correctly report excise taxes on your business tax return.

How To Resolve Unfiled Payroll Taxes
Business Tax

5 Steps to Resolve Unfiled Payroll Taxes

Failing to pay payroll tax can quickly lead you in hot water with one of the world’s most feared forces — the IRS. Here’s what you need to do if you have unfiled payroll taxes with the IRS.

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