BENEFITS OF S CORPORATION/TAX ELECTION UNDER THE NEW TAX PLAN.

S Corporation

A business may elect to be an S Corporation (S Corp) by filing form 2553. This will provide additional tax benefits for the S Corporation as there is no taxation at the corporate level. All profits and losses will pass through at the shareholder level.

Financial statement preparation, compilations, reviews and audits- which is right for your business?

Financial statement preparation, compilations, reviews and audits- which is right for your business?

There are many factors that determine the type of CPA certified financial report that may be required for your business.  Following are the major reasons why you ...

When will I receive tax refund check? IRS refund schedule 2018

RS refund schedule 2018

One of the most frequently asked questions during the tax season to a tax preparer is ' when will I receive a tax refund check'. While the processing times may vary, IRS has issued general guidelines on refunds. It is usually 21 days from ...

TAX FORMS YOU SHOULD EXPECT TO RECEIVE BY JANUARY 31ST, 2018

Stock brokers, lenders and employers will start sending you the tax forms and statements by January 31st. The Internal revenue service (IRS) gives companies time until January 31st to mail out these statements. Many currently send it out electronically instead of postal mail. The following are th...

TEN QUESTIONS TO ASK WHEN CHOOSING A TAX PREPARER

It’s the time of the year when many of you are searching for a tax professional to help file your taxes. It is extremely important to choose your tax professional wisely.

As a taxpayer, you are responsible for all the information on the tax returns. S...