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!
Overhead costs are the indirect, fixed expenses your business incurs each month. Learn how to calculate and evaluate them.
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.
Is a microbusiness right for you? Learn the benefits and downsides of forming a microbusiness and how to properly file taxes as a microbusiness.
Are you a member of a multi-owner LLC? Have you considered LLC guaranteed payments for compensation? Here’s what you need to know.
Are You in Business With Your Spouse? Here Are the Tax Benefits of Making It a Qualified Joint Venture
If you and your spouse own a business together, there are advantages to making it a qualified joint venture, such as simplified record-keeping and tax filing.
IRS Form 945 is an annual report of withheld federal income tax. Here is an explanation of who should file, how they need to report, and when it’s due in 2021.
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?
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.
By signing IRS Form 2751 you admit responsibility for unpaid payroll tax stated in Letter 1153 and take the first step to good standing with the IRS.
You should create a separate business account to handle income and expenses. Why is it so important to keep separate accounts for your business and personal needs?
At Silver Tax Group, we have experienced tax attorneys who are ready to help you quickly and efficiently act if the IRS threatens to seize your assets or you have other tax issues.
An IRS audit investigates the accounts and financial documents of a business or individual to verify that they have filed the correct tax returns.
IRS form 8865 deals with the deduction of a percentage of foreign or global income beginning in tax year 2018. Here are the four types of tax filers that need to fill it out.
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.