No one likes owing the government money, whether it’s IRS debt or both state and federal debt. Having your wages garnished can be even worse. Rather than sit on their debt and hope for the best, many have opted for an installment plan as a resolution to this burden. You may be skeptical, but a payment plan for IRS tax... continue reading →
Are you worried about back taxes? Do you owe the IRS a significant amount of money? Anyone who finds themselves in a situation where they owe back taxes to the IRS has their own unique story. Dealing with tax debt and knowing that the IRS is out for your hard-earned money is stressful. What you need is a good... continue reading →
What are your chances of being audited by the IRS? Business Financial Solutions can help you stay off the target list by the IRS. However, if you an at risk group being audited by the IRS alreay, we provide effective representation. We also prepare accurate tax returns to help avoid the target list. And we assist non-filers with getting... continue reading →
Our CPA firm performs a variety of audit services. They include year-end, forensic, internal, and fraud audits. We also perform annual audits for a variety of industries. This time of the year, many businesses, non-profits, and associations look to Business & Financial Solutions with assistance. And we help them with annual and fiscal year-end audits. These services are often... continue reading →
You can fix tax return errors by filing Form 1040X, “Amended U.S. Individual Tax Return.” An error on a return may not become evident for some time. Or you might simply put off preparing and submitting the amended return. Those delays could cost you. Because you can lose a refund or end up paying extra penalties and interest to... continue reading →
Business & Financial Solutions is the only stop that you need to make in getting your new company up and running. So should be your next destination if you have a business idea. If you want to start a business it requires working with both the state and your local governments. In fact, our accountants and consultants will assist... continue reading →
Tax returns for corporations are due on March 15th of each year. Whereas the deadline for individual and partnership tax returns due on April 15th. In filing business income tax returns, you will need to account for all your income and expenses. But the process generally goes much smoother if you have kept track of your business income and expenses... continue reading →
Will Affordable Care Act Affect Income Tax Returns? Business & Financial Solutions’ tax experts are available to help clients understand how the ACA might affect filing income tax returns. While this is a significant vehicle for generating revenue for the federal government, there may be tax challenges. But the tax ramifications do not concern the greatest part of American taxpayers. Still,... continue reading →
Problems With the IRS and Back Taxes An IRS Garnishment and back taxes can result in huge problems. The Internal Revenue Service (IRS), like most creditors, has the power to garnish your wages. And this is not the problem you want. Yet, this could be the end result if you owe a tax debt to the IRS. You see,... continue reading →
As you approach the end of the year, you are also approaching the final stage of any tax planning. And you will want to avoid over-taxation on your business as best as you can. Therefore it will be necessary to get your bookkeeping in order. And this can help you prevent overpaying taxes. Efficient year-end bookkeeping services become the... continue reading →
