When running a small business, it is tempting to do as much of the work as you can yourself, but you should also know when it is a good idea to outsource tasks to a trained professional. Your taxes are definitely one realm you shouldn’t attempt by yourself. Instead, work with a firm offering small business accounting in Marietta, GA. Here are some of the services that an accounting company can provide to your business besides tax services. Payroll Services An accounting firm can help you with the day-to-day operations of your business by taking over payroll services. This includes paying out employee salaries, managing accounting software such as QuickBooks, bookkeeping, and managing financial statements. Outsourcing payroll to an accounting company will help you out when Tax Day rolls around because they can handle sending out W-2s for you and other tax-related documents. Business Consulting Many firms specializing in small business accounting in Marietta GA, have specialized knowledge of the landscape for businesses in the area. As such, they can use their knowledge beyond just doing your taxes by advising you on the best way to grow. Accounting firms can offer consulting services such as financial planning for the next few years and advice on specific business decisions such as mergers or financing. Small business accounting firms can help your business manage your tax obligations and any audits that come your way, but they can also do so much more. Be the first to...
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While it’s true you can do your taxes by yourself, the chances increase that you make an error and either leave money on the table or claim something you shouldn’t and be subject to an audit and a penalty. For these reasons, it is highly recommended that you hire professional tax services near Atlanta GA. Saves Time Whether you have complicated business taxes, self-employment taxes, or even just simple personal taxes to prepare, it still takes precious time out of what is indubitably a busy day. Instead of spending your time doing something that you really don’t want to do, you can hire professionals to do it for you which allows you to know that it was done correctly as well. They Are Professionals For Good Reaons No matter how smart you think you are, if somebody is a professional at something, they will be that much smarter at it than you. Basically, the argument is, why to do something on your own that the professionals can do better, especially if the end result will most likely mean that you earn more money than you would by doing it yourself. Legal Protection While you are ultimately legally liable for your taxes, you are much more protected when you use tax services near Atlanta, GA than you would be otherwise. The tax advice that an experienced CPA firm offers can definitely keep you out of hot water with the IRS. Be the first to...
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Understanding the write-offs you can take and ensuring you don’t pay too much to the IRS can be easier and more efficient when completed using a company offering professional tax filing in Marietta, GA. You’ll receive assistance from a CPA who is highly proficient in current regulations and the deductions you can take. Experienced and Highly Knowledgeable Working with a significant number of clients helps keep a CPA versed in current regulations. Getting their help when you are going through the process of tax filing in Marietta GA, can be beneficial. They can examine your income and expenses to determine if you’re eligible to take any deductions. Letting them handle your paperwork should offer peace of mind as they specialize in this area. Saving Time Focusing on your family, job or extracurricular activities can be completed when you hire a professional to handle your taxes and the paperwork involved in this necessary task. If you’re not a professional who understands the nuances associated with current tax regulations and rules, you may waste a significant amount of time trying to derive the correct numbers. Letting an experienced accountant handle this task is usually much more beneficial. Cost-Effective Seeking the guidance of a professional to help you with the paperwork and number crunching required to file with the IRS should be highly cost-effective. They understand the areas where you can save money, which may help improve your bottom line and allow you to pay a lower amount. Be the first to...
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It is common for business owners to hire a CPA to provide tax services. The CPA will prepare tax papers that can be turned in to the IRS. They can also provide tax strategies that will help the business save money and take advantage of credits and other options that are available to them. While it is true that CPAs are known for the tax services they provide, they also provide a variety of other valuable services. A CPA can offer forensic accounting in Atlanta GA, services. This typically involves reconstructing destroyed financial records and performing investigations with the goal of seeing if fraudulent activities have occurred. Forensic accounting is a specialized accounting service. It is especially important to have the help of a professional in a circumstance where the business may be in jeopardy. The CPA can get to the root of the problem, uncover any fraudulent activities, and provide steps that the business can take to correct the situation. A CPA can also audit the books of a client and provide an opinion or review of their financial statements. They can offer consulting services with the goal of helping a client improve their information systems. They can describe possible strategic options that businesses could use to improve. Some clients can benefit from the financial planning services offered by a CPA as well. Learn how the professionals at Fricke & Associates, LLC work hard to create value for their clients by providing professional services, including consulting, tax preparation, and accounting. Be the first to...
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People are usually very excited when they receive their income after working hard. The excitement however fades when they realize that some money has been deducted from their income as taxes. Filing tax returns is required of all people receiving income and paying income tax. The Income Tax Marietta GA filing process can be daunting to a lot of people. The process is daunting because of the many forms to be filled which are sometimes confusing to someone who is new to the process. A clear understanding of the documents and forms required for filing returns helps you file returns accurately. Here are the documents you should know of when undertaking the Income Tax Filling in Marietta GA process: Form 16 This form is given by employers at the end of every financial year. It has details of the income you have earned in the year and the taxes that have been deducted. This form is only compulsory when taxes have been deducted at source in the financial year. Form 12B This form has details of all your income package and fringe benefits received from the employer. This form is only given to those who have incomes above a certain threshold. Form 16A This form gives details about incomes you have received other than your salary and taxes deducted. This form has to be obtained for every source of income. ITR-1 This is the most common and basic form for filing returns. It is used by all individuals with incomes from salary, pension and agriculture. This form is not used by individuals with business or rental incomes. ITR-2 This is for individuals of Hindu origin and for all incomes apart from business incomes. ITR-3 This is for individuals who are partners in a firm. ITR-4 This is meant for individuals of Hindu origin who have incomes from businesses. Before you start the income tax return filing process, it is important to ensure that you have all your documents. It makes the filing process easier...
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Most people don’t look forward to tax preparation time. However, as the year draws to a close, more people are going to have to start thinking seriously about preparing their income tax filings. Fortunately, the savvy man or woman can forgo this arduous and sometimes stressful process of filing their taxes by allowing professional tax preparation services in Marietta GA to do the heavy lifting. Tax Preparation Services are for Everyone Many people in the past have felt that tax preparation services were for wealthy people or for people whose taxes are so complicated that they couldn’t possibly manage to figure them out on their own. While wealthy people do use tax preparation services, this type of financial service isn’t exclusive to them. In addition, with as complicated as federal and state taxes have become, a person doesn’t have to have complicated finances to encounter difficulties when filing taxes on their own. Personal Tax Representation There is the matter of tax software, which, in some ways, has been extremely helpful for people preparing their taxes. However, there are a few deficiencies with software and one particular issue are disputes over a tax filing. Should the IRS dispute the tax filing, the software company is unlikely to offer any sort of recourse. When an individual uses professional Tax Preparation Services in Marietta GA, they are likely to be eligible for personal representation when dealing with state or federal tax agencies. Whether it’s to go over the filing to ensure that no mistakes were made or it’s face-to-face negotiations or interviews with the IRS, a tax preparation service will offer more than any software can. Most people tend to avoid getting audited or having major errors found on their tax file. However, if you’re concerned about this happening and if your finances are extremely complicated, then it may be advisable to speak with the tax experts at Fricke & Associates to learn more about how they can help you when it comes to filing your taxes....
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