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