There are several tax benefits once you decide to have your business become an S Corporation. It saves the double taxation issues that a shareholder in a corporation normally encounters....
Posted by Tax Solutions & Accounting Services on 03/11/2018
A Limited Liability Company (LLC) is not recognized by the IRS and is not a separate entity. The IRS calls it a “pass-through entity” because its profits and losses are...
Posted by US and International Business Services on 03/08/2018
Electronic Filing (E-file) is a paperless process to send tax returns using the internet. This is the result of fast advancement and evolution of our technology. The presence of internet...
Posted by J.R.'S TAX SERVICE on 03/01/2018
Recently, the Senate passed legislation that funded a highway bill, but also changed several filing due dates for various businesses. The bill overrode the current due dates for several...
Posted by MVW Services on 03/03/2016
For small business owners, their tax filings are typically due earlier than the individual taxpayer. However, a recent highway funding extension passed by the Senate has also altered...
Posted by Brian Walsh EA on 03/03/2016
While closing a business can be an emotional time for a small business owner, it can also be equally full of multiple administrative tasks. The IRS itself has numerous requirements,...
You’ve scheduled your appointment with Professional Accounting Services, Inc. in Owing Mills, Maryland, and you are ready to get started! But where do you start? Besides...
There are five general types of business taxes that small businesses must file at the end of the tax year. The business you operate determines which of the following taxes you must...
Posted by East West Accounting Services LLC on 01/06/2016
While it is always a nice idea to file for extensions immediately, there can also be times when you may require some more time. Perhaps you moved and you did not get time to organize...
Posted by ERNIE BUSTAMANTE on 10/30/2015