Although taxes are no fun to begin with, they can become even worse if you are not handling them correctly. Not paying enough for your quarterlies, not keeping record of what you are paying, and even not paying enough taxes can all get you into trouble with the IRS. This can lead to a potential halt to your business and a shutdown of your company. Because of this, you’ll want to be sure that you are dealing with every aspect of your company’s taxes properly. While getting into trouble with the IRS is a more extreme consequence to improper tax handling, there are also many less extreme, but definitely still detrimental, consequences. If you fail to deduct enough money out of your company’s quarterly revenue, you may be responsible for paying a large sum of money at the end of the taxable year. Rather than receiving money back on your tax return, you will be liable to pay however much you failed to tax yourself quarterly. This can definitely catch you off guard and get you into financial trouble, so don’t run into this problem. As the year approaches its end, it’s crucial that you are paying enough for your quarterlies this year. Brennan & Company CPA can help your business with all of its accounting needs and taxing qualms. Contact us today! Like us on FaceBook.
With the year quickly coming to an end, you’ll definitely want to make sure that you have all of your tax information sorted, organized, and ready to be archived or handled appropriately. The transmission into a new year can sometimes be hectic, especially for businesses, and when you have the chance at being audited, you’ll definitely want to have confidence that you’re handling all of your tax prep and documentation correctly. Not only that, but you’ll want to be sure that you’re dealing with your company’s tax and accounting data in a timely manner. If you don’t, paperwork can add up quickly and you can get behind before you even realize what is happening. Dealing with any company’s taxes and all of the consequent documents, information, and numerical data can be an extremely huge task. That’s why when it comes to your business’s tax dealings, you should employ the help of an experienced accounting firm, like Brennan & Company, CPA. Just a few of the services that Brennan Tax has to offer include:
- Preparing financial statements for auditing
- Taking over all of your company’s accounting needs
- Providing tax representation services
- Offering payroll services
- A variety of consultation services