Do you have an OR LLC? Learn about the required federal, state and sales taxes you might need to pay. Read more.
Higher deductions = Lower taxes So what are the expenses that can be deducted from your income? The Internal Revenue Service (IRS), which is the government body responsible for collecting taxes, says that the expense must be both “ordinary and necessary.” In simple language, ordinary and ...
Similar to the federal taxes for a C Corporation, you should absolutely, positively have a professional tax preparer or accountant involved in the preparation of any federal tax returns related to the profits earned by your LLC. Tax reporting depends on how your LLC is set up, and it is eas...
Similar to the federal taxes for a C Corporation, you should absolutely, positively have a professional tax preparer or accountant involved in the preparation of any federal tax returns related to the profits earned by your LLC. Tax reporting depends on how your LLC is set up, and it is eas...
LLCs as S Corporations Provided that an LLC meets the qualifications for being taxed as an S corporation, an LLC can elect to be taxed as an S corporation by filing form 2553 with the IRS. LLC Employment Taxes LLC employment tax rules depend on which classification the LLC is under. If ...
Reducing Taxes Article Section 199A Business Deduction Section 199A deduction also known as theQualified Business Income deductionarises from theTax Cuts & Jobs Act of 2017. This is a significant tax break for small business owners, however, there are rules and limits. We have written additional...
Let me find you the best price for the quantity you need. I offer a broad range of tax consulting services. I will help you take care of your federal, state, and local taxes. So whether you’re filing as: Delivery Service Corporation Nonprofit Organization Limited liability Partnership ...
Partnerships are complex entities and taxes for partnerships are even more complex. This is an area of tax law that requires up-to-date knowledge to ensure accurate preparation of your return. Tax filing documents needed to prepare a partnership tax return include: profit & loss statement (income...
Corporate tax planning for 2025 Samuel Tae, Principal of International Income Tax, and Brian Vincent, Principal of Income Tax, authored an ... Press Release Jan 02, 2025 Ryan Completes Acquisition of Altus Group’s Property Tax Services Business View All News Mention New Year Brings Higher...
LLC advantages Owners aren't personally liable for a business's debt and liabilities. Pass-through taxation means profits and losses pass through to individuals for taxes, avoiding double taxation. LLCs can opt to be taxed as a sole proprietorship or as a corporation. LLCs are easy to form ...