article thumbnail

How Much Is a Tax Consultant?

xendoo

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. A tax consultant can help with any of these issues.

article thumbnail

Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

Los Angeles Tax Planning Services for Individuals and Businesses. Unlike tax preparation services, tax planning involves creating a strategy that can help minimize tax liabilities. In other words, you work with a tax consultant to assist an individual or business on strategies to minimize financial burdens.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

New SBA PPP Loan Forgiveness Portal | Apply for Forgiveness Easier

LyfeAccounting

Some documents you would need to include in your forgiveness application are: Bank statements or third-party payroll service provider reports. Payroll tax filings. But if you have any questions or if you have had issues getting your PPP loan forgiven, then work with our tax consultants today. Contact us now!

payroll 52
article thumbnail

PPP Loan 2021 – FAQ & How To Get Approved + Forgiven

LyfeAccounting

You had paid salaries and payroll taxes or paid independent contractors. Like I mentioned above, if you need more financial and tax guidance for your specific situation, our tax consultants will be happy to help you. Your businesses has fewer than 500 employees whose principal residence was in the United States.

article thumbnail

Copy Amazon’s $0 Tax Strategy! How to Write Off Taxes (Easy Guide)

LyfeAccounting

Myth #1: Amazon pays $0 in taxes. Amazon paid $0 in Federal taxes in 2017 and 2018 but Amazon does pay plenty of payroll taxes, state taxes, and international taxes. In 2019, Amazon broke its streak of paying $0 Federal taxes and actually owed money to the federal government.

tax 52
article thumbnail

Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. Other than income tax, your small business may be subject to payroll taxes, self-employment taxes, and more. You’ll also withhold income tax from employees’ wages.

article thumbnail

Small Business Tax Filings – Everything You Need to Know to Avoid IRS Penalties!

LyfeAccounting

Similar to employees, payroll taxes such as Medicare and social security should be withheld and paid on every paycheck. So essentially, you would be paying self-employment taxes with every paycheck but only on the salary you would be paying yourself. These Forms tell the IRS how you have withheld and paid in payroll taxes.