Are you aware that the Internal Revenue Service is starting to send out collection notices. When you receive one let us know and we can guide you through the maze. Whether it is individual tax return, sales tax return, payroll tax returns, corporate tax returns we can help.… Read More

Personal tax rates will change?  Corporate tax rates will change?  What you should know.  Keep posted and I will explain.… Read More

Are you filing the correct forms for payroll and salary?  Payroll tax forms can be costly without the proper documentation.  Call us today.  We do payroll taxes, sales taxes and corporate taxes to keep the penalties away.… Read More

If you are filing an 1120S (S Corp) or 1065 (Partnership) or Schedule C (Sole Proprietor) your year end will be December. But as a C Corporation you can have a different year end.  Tax planning?  Call us and find out.… Read More

Depending on what type of entity you are will control how the entity is taxed and what compliance issues you will face.  Tax preparation is complicated enough but the compliance issues can be a nightmare and costly.  We can guide you through the process. Weather you need to file sales tax returns, payroll tax returns,… Read More

Are you paying health insurance for your employees?  For yourself?  Maybe an HRA will help. Being taxed as an S Corp or a Corp makes a difference.  Call us today and we can guide you through the health insurance maze.… Read More

Did your CPA calculate your shareholder basis correctly?  Call us for a review of your corporate tax return and make sure the calculation is correct before the IRS does.… Read More

One notable court case that addressed reasonable compensation is the case of David E. Watson, P.C. v. United States (United States Court of Appeals for the Eighth Circuit, 2015). In this case, the court ruled in favor of the IRS, stating that the taxpayer’s S-corporation had paid unreasonably low compensation to the shareholder-employee, and the… Read More

This is a very good question. Maybe you should ask a number of questions before you decide how you will be taxed. Maybe a “C” Corporation is better? What tax forms need to be filed? When do they need to be completed. Tax strategy is what we can guide you about. Call us today.… Read More

Did you know about the “Reasonable Compensation” rules for stockholders?  When preparing tax returns I often see errors.  Stockholder salaries are one of them.  Call for a free consultation on Reasonable Salary requirements. 631 393-6457… Read More