Tax Services

Taxes are imposed on net income of individuals and corporations by the federal, most state, and some local governments. … Federal marginal tax rates vary from 10% to 37% of taxable income. State and local tax rates vary widely by jurisdiction, from 0% to 13.30% of income, and many are graduated.

Are you starting a business or consulting practice?  Would you like to discuss the pros & cons of incorporating?  Or…do you simply have a question you can’t get answered?
The U.S. tax system is set up on both a federal and state level. There are several types of taxes: income, sales, capital gains, etc. Federal and state taxes are completely separate and each has its own authority to charge taxes

Types of tax

  • Income tax – a percentage of income.
  • Corporation tax – a percentage of a firm’s profit.
  • Sales tax/VAT – an indirect tax on the sale of goods.
  • Excise duties – taxes on alcohol, tobacco, petrol.
  • Production taxes – taxes on particular goods/services, e.g. gambling tax, airlines, insurance.

Personal Income Tax

  1. Filed Yearly
  2. Year End : December 31st
  3. Filing Period : January 1st through April 15th (After April 15th there is a penalty)
  4. We do electronic income Tax Filing

Business Taxes

Every business entity is required to report its business activity through filing of tax returns.

Various type of tax obligations are imposed on the business entities which include direct and indirect taxes. Business entities are required to collect and pay sales tax from individual consumers and withhold and pay payroll taxes on the wages and salaries of all employees of the entity.

All these require timely filing and deposit of taxes to designated agencies and filing of tax returns. Not filing returns and not paying the taxes on time bring huge penalties and interest on the businesses which become a big obstacle in the continuity of business.

We help our clients to prepare and file these taxes on timely manner and assist them by reminding for data transmittal and filing of tax returns.

Business Income Tax

  1. Corporation taxes to be filed annually by each corporation to the Federal Treasury, State revenue authority and local taxation departments.
  2. Companies have until July 15, to submit corporate tax returns for income

Sales Tax

  1. Many of our clients are responsible for collecting and submitting sales taxes in many different counties. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
  2. Filed Quarterly or Yearly
  3. Quarterly Deadline : March 20, June 20, Sep 20 & Dec 20
  4. Yearly Deadline : March 20

Payroll Tax

Every employer is required by the law to withhold required employment and income taxes from employee wages and salaries and deposit the withheld taxes and employer contribution required with these taxes to the designated Federal and State agencies on timely manner.

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