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 →
Business & Financial Solutions If you are interested in starting a non-profit you should consider the advantages and disadvantages! Non-profits are federally tax-exempt organizations, set up under Section 501(c) (3) of the IRS code. And this is why many times such organizations are simply referred to as a 501(c) (3). 501(c) (3) recognition is granted after meeting the criteria set... continue reading →
Young Adults & Taxes “Sometimes teens go out and work as technical employees, but are paid as contractors,” says Sharon Lechter. Sharon is a CPA in Paradise Valley, Arizona. And she is a former member of the inaugural President’s Advisory Council on Financial Literacy. “So make sure the employer classifies you correctly.” Hopefully, you will see how an incorrect classification... continue reading →
Dealing With the IRS Finding the right IRS Audit representation is not always easy. Yet, navigating the tax laws alone is never an option that a private citizen or business should undertake. And this is especially true in the event of an audit or delinquency. Good tax professionals are prepared to assist in taking on the tax system. Most professional... continue reading →
Help Filing Form 990 Tax-Exempt Organizations. Business & Financial Solutions is a tax accounting firm. And we provide a wide range of services to individuals, businesses, and nonprofit organizations. Our goal is to assist clients in their successes. We offer the services and tools you need for that success. Inclusively, we prepare the Form 990 Income Tax Return for... continue reading →
Writing Grant Proposals We get the job done! Business & Financial Solutions writes all types of grant proposals. Whether a federal government grant or state and local, we have the right team And we prepare grants for private foundations and corporate giving programs as well. Also, we can write that professional business plan that you’ve been wanting. Our professional... continue reading →
When to File Extension for Income Tax Returns Business & Financial Solutions is a full solutions accounting firm, open year-round. We prepare individual income tax returns, and well as all business tax returns. And we provide a broad range of accounting and tax services to meet other specific needs of our clients. Further, our services include tax preparation for... continue reading →
Who should file tax returns on Estates and Trusts? When a property owner dies, a fiduciary manages the estate. Often, a lawyer or other professional may be hired as a fiduciary. But many times one of the heirs or beneficiaries may serve as a fiduciary. The fiduciary is in charge of filing Form 1041. But a trust tax preparer is... continue reading →
TAXATION ON FOREIGN PENSIONS & ANNUITIES According to the IRS, pensions and annuities from foreign countries may not be taxable in the United States. Well this is largely dependent upon the tax treaty that the United States has with the country in question. So is foreign pension tax preparation required for you? You should consult with an experienced tax... continue reading →
Married Filing Separately Income Tax Return New clients often inquire about the advantages of filing income tax returns separately, or as a couple. We have cited the advantages and disadvantages of a married filing separately income tax return. Hopefully, it will benefit you to review the advantage, versus the disadvantages. And our tax preparers will be able to help you... continue reading →
