If you're unhappy with your current accountant, it may be time to consider parting ways and seeking a new one who can provide fresh ideas and more responsive customer service.
When starting a new company, making informed choices about the company type, state of formation, and legal structure is vital, as these decisions can profoundly affect taxation, liability, and overall business operations.
The IRS provides the option of extended installment plans, allowing individuals to spread their tax debt payments over a period of up to six years.
Estate planning is not exclusive to wealthy individuals; even the simplest oversights can result in significant tax liabilities and financial burdens for both heirs and beneficiaries.
Financial planning is of paramount importance when navigating the complexities of divorce. Amidst the emotional and legal aspects of this life-changing event, sound financial planning becomes a crucial pillar for a stable future.
In the coming years, the IRS is expected to focus its auditing efforts on small businesses due to issues like the exaggerated use of business deductions and income mischaracterization.
electing the right company structure is key to optimizing your tax benefits. Whether it’s an LLC, S-Corp, or C-Corp, making the right choice can save you money and simplify tax filings.
Let us help you determine the best structure for your business. Contact Freedom Accounting and Finance at 201-954-3649 or visit www.freedomaccountingpros.com to schedule a consultation.
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