Jun 10, 2015 | Federal Payroll Tax, Payroll Tax Problems
June 10, 2015 Another one of the Issues that we handle as Small Business Accountants is Unpaid Payroll Taxes IRS Tax Preparation Chicago Illinois . One of the easiest ways to get your business shut down, is to not make your payroll tax deposits. In a prior...
Jun 4, 2015 | Federal Income Tax, Federal Payroll Tax, Payroll Tax Problems, Tax Planning
June 4, 2015 Tax for Self Employed – How can I reduce my Self Employment Tax Chicago Illinois? Self Employment Tax is one of the major issues that we deal with in Business Tax Preparation. The problem is that it is so expensive in lower and middle income...
May 29, 2015 | Federal Payroll Tax, Payroll Tax Problems
This is one of the most common and most difficult problems that we handle as small business accountants. It is common because when companies have cash flow difficulties, the IRS is sometimes considered the easiest supplier to not pay. It is also one of the most...
May 18, 2015 | Federal Income Tax, Federal Payroll Tax, General Accounting, Illinois Department of Revenue, Illinois Sales and Use Tax Audit, Illinois Unemployment, Non-Filers, Payroll Tax Problems
Small Business Accountant – What to do if you’ve been levied Chicago Illinois You own a small business and you’ve been levied. What do you do now? 1 – Check the amount for reasonableness I’m sure it is difficult to believe, but...
May 5, 2015 | Federal Income Tax, Federal Payroll Tax, LLCs, LLPs, and Partnerships, Payroll Tax Problems, Tax Planning
Updated July 1, 2015 Many new clients will ask me the benefits between S Corp vs LLC. The primary issue in entity choice is a legal decision, which means that this is something that you should be talking to your attorney about. I cannot discuss any legal...
Apr 20, 2015 | Federal Income Tax, Federal Payroll Tax, LLCs, LLPs, and Partnerships, Payroll Tax Problems, Tax Planning
Preparation of an LLC or Limited Liability Company Tax Return generally comes in four different categories, those being… – Schedule C on Form 1040 – Schedule E on Form 1040 – Form 1065, U.S. Return of Partnership Income – Form...