Tax and Accounting Services
WHO MUST FILE TAXES?
All corporations who have been in existence since the beginning of the tax year or any part of the year, including corporations in bankruptcy, must file an income tax return whether or not they have taxable income. If you have a US Company doing business in the US, your company is subject to IRS tax rules. If you are not a resident of the US, and you own a US company, or are a foreign company doing business in the US, then your company is also subject to United States IRS tax rules.
We work with a US Accounting firm Friedman Accounting, Inc. who offer a wide range of personalized and quality services to our business that is beyond comparison.
All corporations unless exempt under Section 501 of the IRS Internal Revenue Code who have been in existence since the beginning of the tax year including corporations in bankruptcy must file an income tax return whether or not they have taxable income. Tax evasion is illegal. However, tax planning and structuring your affairs to produce the lowest legal tax consequences, is not only legal it is necessary in today's hectic business world. The failure to file an annual tax return with the IRS is a serious matter.
Do not be fooled by other companies who make the claim that as an International Client "You Do Not Have to File Taxes with the IRS" You Do!
Friedman Accounting, Inc., can provide assistance and help prepare and file current and past corporation federal and state returns. If you have not filed taxes for the past five years they will gladly give you quotes as well.
U.S. Corporations Owned by Foreigners and Their Filing Requirements.
As far as filing in countries outside of the US, all income is subject to taxes in the country that it is declared and is based on that countries tax rules. Failure to declare income in the country that it is earned in may result in tax penalties by that country.
Tax Filing Services
We offer tax filing services to all our clients to file with the IRS. The fee or an inactive or "No Activity Company" is offered at $385. The fee for an "Active Company" is $435. The fee to secure a professional tax filing with the IRS will be offered to you in our annual billing statement.
Again, All corporations and LLCs filed in the US must report worldwide income. Taxes are only paid on profits but all income must be reported.
Bookkeeping and Payroll Services
All companies whether a Corporation or an LLC must keep financial records. It can be extremely difficult to keep a business running without proper bookkeeping. Our Accounting partner can take away all of the hassle by providing quality and reliable bookkeeping services. If you have employees working on salary taxes must be deducted and reported to the IRS on a quarterly basis.
Our Accounting Partner offers a wide range of accounting services to businesses. To help you keep record the accounting firm is Certified Quickbooks and ProAdvisors. By engaging their services, they will help you and your business create and implement financial strategies to achieve your goals.
Friedman Accounting, Inc. can take away all of the hassle by providing quality and reliable bookkeeping services.
For a free quote on our Bookkeeping and Payroll Services please call us toll free at 800-219-9359.