Need Help with Business Income Tax Return? We Can Help!
When you own and operate your own business, your tax returns can get complicated. As tax time approaches, you may have questions about how to file an accurate return while maximizing your annual profit margin. You also want to be sure to submit the correct information to the IRS so that your audit risk remains low.
Filing as a business
There are several ways that you can file if you own your own business. You can file as a sole proprietorship or as a corporation or LLC. The tax forms that you submit depend on how your business is set up – you will need to complete a schedule C as an attachment to your personal return if have your business set up as a sole proprietorship or an LLC if you are the sole owner. However, if you have your business set up as a corporation, you will need a separate corporate tax return on a Form 1120.
It is important to note that if you are filing a 1120, the IRS asks you to file by the 15th of the 3rd month after the end of the tax year. That is actually March 15th, not April 15th. If you are a business that employees others, you are also responsible for withholding federal income taxes, social security, Medicare taxes and Federal Unemployment Act taxes. All of these details can be overwhelming and take a significant amount of time to sort out. It may be best for your business to hire a tax firm to help.
Success Tax Relief: Tax Relief Made Simple
Success Tax Relief is a full service tax firm that has extensive experience working with all types of businesses (large and small) to prepare and submit their annual taxes. We have been working in the business for more than thirty years and have built a reputation for professional service, a knowledgeable and customer friendly staff, and overall success communicating directly with the IRS for our many clients. We can make sure that your business submits the correct forms, and that you are set up well in advance to withhold the correct taxes from your employees, so that filing each year is a breeze. The strength of our client relationships are the cornerstone of our business. By spending time getting to know each and every client, we can help you decide how to setup best practices so that your tax preparation is straightforward and accurate.
We like to talk to our clients several times throughout the year to troubleshoot, answer your questions and anticipate any potential problems at tax time. We set up systems for managing the paperwork each month so that you are not spending hours and hours pulling together tax documents at the end of the year.Our systematic, customer based approach has worked well for our clients and saved them significant amounts of money over time. If you are looking to partner with a tax firm that can help you prepare and submit your business income taxes each year, we can help.
Give Success Tax Relief a call today at 1-877-958-6638 for a free consultation and check this off your list! We can help you with your business income tax return.