ELECTRONIC FILING
We help you in the process of submitting tax returns over the internet using tax preparation software that has been preapproved by the relevant tax authority, such as the Internal Revenue Service (IRS) in the U.S and the Canada Revenue Agency.
We can guide you through the complicated filing process with ease, helping to prepare your return correctly and if a refund is due, put you on your way to receive it. You can easily prepare and file your return, filing electronically will also get your tax refund much faster.
INDIVIDUAL TAX RETURNS
Individual tax return is an income tax return filed by an individual. Both single and married tax payers, with and without dependents, file a return. The tax return form is submitted to a federal state, or local taxing agency to report income and calculate &pay taxes..
The Internal Revenue Service’s is the taxing authority in the U.S .The United States has a voluntary reporting system that permits the electronic or hard copy filing of individual taxes returns. Some tax agencies provide individual tax payers with pre filed individual tax returns, while other requires the tax payer to fill and file the returns on their own.
BUSINESS TAX RETURNS
It is important to understand your federal, state and local tax requirement as a owner. This will assist you file your taxes accurately and make payments on time .the type of business structure you choose when starting a business will decide what taxes you will and how to pay.
The following are the five general types of business taxes:
- Income Tax
- Estimated tax
- Self – Employment Tax
- Employment tax
- Excise tax
FRANCHISE TAX RETURNS
Franchise tax refers to a tax paid by certain enterprises that want to do business in some states. We can also call it as privilege tax; it gives the business the right to be chartered and to operate within that state. Companies in some states may also be liable for tax even if they are chartered in another state .A franchise tax is not a tax on franchises and is separate from federal and state income taxes must be filed annually.
Some entities are exempt from franchise taxes including fraternal organisation, non profits and some limited liability corporation. The amount of franchise tax can differ greatly depending on the tax rules with in each state and is not calculated on the organization profits.
SALES TAX
We have a professional accounting team to file your sales tax returns. We make the report prepared and assist you prepare for the cash payments that’s due. We file sales tax return with great accuracy. It is essential that you do not pay more in taxes than is necessary. We also check to file the payment on time in order to avoid penalties and interest.
If any of your earlier sales tax return has been filed mistakenly, we can help by contacting your state tax commission and create a plan to get back. We also assist you to determine if you should charge sales tax for new products or services.
PAYROLL SERVICES
Payroll taxes and income taxes are two different taxes, yet they are both connected with payroll. Payroll taxes are used to support social security and Medicare costs while income taxes are used for other government programs and expenses. Payroll taxes will be listed as FICA, social security and Medicare. Income taxes will be the Federal and state taxes that are with held.
Taxes are one of the most complicated and sensitive aspects. Various levels of payroll require employers to withhold various types of income and payroll taxes as well as require the employer to pay their portion of these taxes as well.
YEAR END REPORTING (940, W2, W3, 1099)
RS Form 940 is the federal unemployment tax annual report. Employers must report and pay unemployment taxes to the IRS for their employees. They don’t deduct these employment taxes from employee pay, but they must set aside the appropriate amount and report it on Form 940.
IRS Form 940 computes the amount of federal unemployment tax liability of a business for the previous year. The form also is used to determine the amount of unemployment tax owed for the previous year, as well as any unpaid and due unemployment taxes.
The 1099 form is a series of documents the Internal Revenue Service (IRS) refers to as “information returns.” There are a number of different 1099 forms that report the various types of income you may receive throughout the year other than the salary your employer pays you. The person or entity that pays you is responsible for filling out the appropriate 1099 tax form and sending it to you by January 31.
CORPORATE & PERSONAL TAX PLANNING
CORPORATE TAX PLANNING
A corporate tax is a tax on the profits of a corporation. The taxes are paid on a company’s taxable income, which includes revenue minus cost of goods sold, general and administrative expenses, selling and marketing, research and development, depreciation, and other operating costs.
Corporate tax rates vary widely by country, with some countries considered to be tax havens due to their low rates. Corporate taxes can be lowered by various deductions government subsidies and tax loopholes and so the effective corporate rate, the rate a corporation actually pays, is usually lower than the statutory rate; the stated rate before any deductions.
PERSONAL TAX PLANNING
Tax planning for individuals is necessary throughout United States as the Internal Revenue Service is imposing strict regulations on individuals for filing their returns. Personal tax planning can greatly reduce your overall tax bill that can otherwise become a booster to your overall expanses at year end.
ACCOUNTING & BOOK-KEEPING SERVICES
Accounts Payable (Vendor Bills and Payments)and Accounts Receivable (Customer Invoices and Collections)
AP & AR are the most important and critical processes in every business. As when it comes to buying goods and services, businesses face significant, costly ,and flawed A/P Processes, so the improvements there may lead to a significant impact on an organization. We help organizations run their business process more efficiently and more profitably with their AP & AR Functions.
Accounts payable (AP) and Accounts Receivable (AR) today is a strategic business function that optimizes working capital, enables more significant savings for the business, and helps improve supplier relationships.
INCORPORATION FOR BUSINESS
Our consultancy are here to simplify the business formation and incorporation process for new and developing businesses. Our goal is to simplify the start-up and development phases so you can focus more of your attention on growing your business.
We provide a Free consultation to select the right structure for your company. Significant tax savings can be achieved based on the nature of your business and the structure of your company. Our goal is to help you select the right structure and then realize the tax savings each year going forward.
YEAR ROUND TAX CONSULTING SERVICES
Unlike many other accounting firms, Year Round Tax Services will get you the document you need without the excruciating wait time. We have one week turn around promise for most paperwork, so you never have to worry about late filing fees. And also we pride ourselves on the fact that our services are consistently accomplished at a level superior to the ability of most in house bookkeepers (and at a fraction of the cost). We are prompt, efficient and treat your paperwork with the same care and consideration that we do with our own