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Taxes for businesses
Corporate or business taxes cannot be left in inexperienced hands. The possibilities of errors are many and the consequences are very costly.
At JP Tax and Bookkeeping, LLC we keep abreast of the latest IRS publications in order to maximize the tax benefits that the hundreds of companies we advise can obtain. All our services are based on the legal framework and tax legislation of the Internal Revenue Service.
JP Tax and Bookkeeping, LLC, will advise you on your annual tax planning and will suggest strategies to minimize your taxes (tax liability) and increase your profits. We also put at your disposal our knowledge of tax processes and technological innovations to increase your efficiency, and manage tax information and internal controls.
Count on us for all your tax needs such as:
- Federal and State Taxes
- Payroll Taxes
- State sales taxes
- Company Vehicle Taxes
- W-9s for Employees
- 1099 for Contractors
- Specific taxes for your industry (Drink establishments, bets, etc.)
Other Tax Preparation services that we prepare are:
- Schedule C – Profit and Loss report for business
- Form 1120 – U.S. corporation income tax return
- Form 1065 – U.S. return of partnership income
- Form 1120S – Income tax return for an S corporation
- Form 990 – Return of organization exempt form income tax
What is an income tax preparer?
An Income Tax Preparer, or Tax Preparer, is a person who prepares tax returns for individuals and small businesses. Millions of Americans pay a tax professional to prepare and file their taxes each year, and Congress continues to make more changes to the tax code. These changes make taxpayers even more confused and frustrated that they are always seeking help from tax professionals.
Individual Tax Preparation
According to the I.R.S. everyone who receives income, resides in the United States, and meets certain requirements is REQUIRED to file a federal income tax return.
Your tax return will be reviewed and re-reviewed by our computer software, identifying potential issues that the IRS can further examine and going through the math to limit IRS contacts.
Your tax return will be filed electronically, so you can get your refund faster.
We’ll show you possible deductions to limit your tax liability for the coming year.
According to the I.R.S. everyone who receives income, resides in the United States, and meets certain requirements is REQUIRED to file a federal income tax return.
- Citizens or legal residents who received income during the year (limits apply)
- Non-legal residents who received income
- Foreigners or non-residents who received income in the USA
The obligation to present the declaration DOES NOT DEPEND on the migratory condition, but on the level of your income. Filing the return is the law, and failure to comply exposes you to penalties, both civil and criminal.
Income is considered to be any kind of yield, utility, profit, dividend, interest income, profit product, participation, salary, salary, wages, fees, and in general any perception in cash, in securities, or in-kind that modifies the patrimony of the taxpayer, with the exception of retirement, foreign fees, etc.
To avoid making mistakes in preparing your taxes (pay more or stop paying) be sure to hire a qualified tax advisor.
The Deadline to file your taxes without penalties is April 15 if it falls on a weekday, if it falls on a weekend, the IRS usually extends it to the first business day.