Search Results for: /bookkeeping-services

Reverse Income Tax Audits Home Reverse Income Tax Audits Navigate Audit Services Sales Tax Audits Federal Tax Audits Reverse Income Tax What are Federal Tax Audits? Federal Tax Audits are a scrutiny of your information and accounts to ensure you’re reporting and making your dealings according to the tax laws. The term ‘Federal Tax Audit’ might instill fear among many business owners and due to uncertainty or lack of knowledge they might not be able to figure out how to handle the examination. But remember that every problem has a solution. There are various types of audits. Firstly, you need to figure out which type of audit you have encountered. Once you are familiar with the type it will be easier for you to determine the effort required to deal with it. Correspondence Audit This is the most minor form of audit as it is generally conducted using letters and phone calls to work with the representative of the organization. The letter usually contains just a request for further information regarding your taxes. However, it is crucial to immediately respond to whatever mail audit materials you receive or if it is in the suggestion, you must pay the relevant amount as soon as possible to avoid problems down the line Note: Get Access to the Best Federal Tax Audit Services Near Me. If you observe any misinterpretation, you may put a statement in your defense in front of IRS. You can hire a professional Federal Tax Audit expert provided by The TaxTactics Firm to have better insight and to handle your situation efficiently. Audit via Letter The IRS sends a letter, clearly listing your full name, taxpayer/SS ID number, form number, IRS employee ID number, and IRS contact information. The letter asks for particular documents which support your position on the taxes. In some cases, the IRS just wants to witness some receipts for a charitable donation or a credit card receipt. To resolve the issue, all you have to is to respond to the letter with the required documents attached. However, not having the demanded proof might be a trouble for you. To ensure safe reputation of your business, The TaxTactics Firm is here to handle any such disputes by providing the excellent Federal Tax Audit Services. Office Audit The IRS conducts an examination of a taxpayer’s records from its offices, and not at the taxpayer’s residence, to ensure compliance with tax laws. The examination involves interviewing the taxpayer for clarification or proof of certain claims. In order to pass the examination smoothly, it is essential to give a satisfying answer to each question raised by the IRS. Any negligence can make your interview complex. The TaxTactics Firm helps you prepare for the audit and overcome your inabilities to avoid any harm to your business. Field Audit The IRS conducts overall inspection of your business records at your residence or office. This is the most comprehensive type of IRS audit and any detail can be demanded by the IRS officials regarding your business, so you need to extremely cautious. Therefore, The TaxTactics Firm with wide experience in this department is there to help you by offering their services of professional Federal Tax Audit Services. Line-By-Line or Targeted Audits This is the most severe but also very rare form of audit. As the name suggests the IRS examines your tax return line-by-line. If something doesn’t sum up correctly or something unusual is observed in the record, the examiner will ask you to explain or justify the unusual item. It only occurs at the behest of National Research Program (NRP). The IRS records and saves all the inspection for future purposes. You need to be extremely careful throughout the process and The TaxTactics Firm makes it possible through their services.

Federal tax Audits Home Federal Tax Audits Navigate Audit Services Sales Tax Audits Federal Tax Audits Reverse Income Tax What are Federal Tax Audits? Federal Tax Audits are a scrutiny of your information and accounts to ensure you’re reporting and making your dealings according to the tax laws. The term ‘Federal Tax Audit’ might instill fear among many business owners and due to uncertainty or lack of knowledge they might not be able to figure out how to handle the examination. But remember that every problem has a solution. There are various types of audits. Firstly, you need to figure out which type of audit you have encountered. Once you are familiar with the type it will be easier for you to determine the effort required to deal with it. Correspondence Audit This is the most minor form of audit as it is generally conducted using letters and phone calls to work with the representative of the organization. The letter usually contains just a request for further information regarding your taxes. However, it is crucial to immediately respond to whatever mail audit materials you receive or if it is in the suggestion, you must pay the relevant amount as soon as possible to avoid problems down the line Note: Get Access to the Best Federal Tax Audit Services Near Me. If you observe any misinterpretation, you may put a statement in your defense in front of IRS. You can hire a professional Federal Tax Audit expert provided by The TaxTactics Firm to have better insight and to handle your situation efficiently. Audit via Letter The IRS sends a letter, clearly listing your full name, taxpayer/SS ID number, form number, IRS employee ID number, and IRS contact information. The letter asks for particular documents which support your position on the taxes. In some cases, the IRS just wants to witness some receipts for a charitable donation or a credit card receipt. To resolve the issue, all you have to is to respond to the letter with the required documents attached. However, not having the demanded proof might be a trouble for you. To ensure safe reputation of your business, The TaxTactics Firm is here to handle any such disputes by providing the excellent Federal Tax Audit Services. Office Audit The IRS conducts an examination of a taxpayer’s records from its offices, and not at the taxpayer’s residence, to ensure compliance with tax laws. The examination involves interviewing the taxpayer for clarification or proof of certain claims. In order to pass the examination smoothly, it is essential to give a satisfying answer to each question raised by the IRS. Any negligence can make your interview complex. The TaxTactics Firm helps you prepare for the audit and overcome your inabilities to avoid any harm to your business. Field Audit The IRS conducts overall inspection of your business records at your residence or office. This is the most comprehensive type of IRS audit and any detail can be demanded by the IRS officials regarding your business, so you need to extremely cautious. Therefore, The TaxTactics Firm with wide experience in this department is there to help you by offering their services of professional Federal Tax Audit Services. Line-By-Line or Targeted Audits This is the most severe but also very rare form of audit. As the name suggests the IRS examines your tax return line-by-line. If something doesn’t sum up correctly or something unusual is observed in the record, the examiner will ask you to explain or justify the unusual item. It only occurs at the behest of National Research Program (NRP). The IRS records and saves all the inspection for future purposes. You need to be extremely careful throughout the process and The TaxTactics Firm makes it possible through their services.

Contact Us Home Contact Us Contact & Reach Us! Address Accurate Accounting & Tax Services 8111 lyndon b Johnson freeway Suite 780 Dallas Texas 75251 Phone/Mobile +1-214 833 3708 Email Address info@thetaxtactics.net  

PAYROLL TAXES Home Payroll Taxes Navigate Payroll Processing Compliance With The State Payroll Taxes What Is a Payroll Tax? A payroll tax is referred to the tax paid on the wages and salaries of employees to empower social insurance programs like Social Security, Medicare, and unemployment insurance. Payroll taxes contain 23.05 percent of combined federal, state, and local government revenue which contribute to be the second largest source of that combined tax revenue. How does payroll tax work? Payroll tax is collected from an employee’s earnings. Employers re required to send the withheld taxes along with their portion of Social Security and Medicare taxes at the time of depositing taxes. Being an individual tax filer, you don’t have to manually pay in payroll tax from each paycheck instead let your employer take care of this. Our Payroll Tax Service The TaxTactics Firm is one of leading corporations which gives Payroll Tax Service in Dallas. We consider it as our responsibility to give the rightfully deserved payroll for all the employees of our clients. Therefore, we ensure fulfillment of all the rules, laws and guidelines set by local, state and federal tax agencies to the letter. Our Extensive, Dedicated and Time Saving Online Payroll Taxes are at your disposal too! We get our job done without contacting any third-party agent or taxation. We have credible solutions to your every problem to make payroll tax management very profitable. No matter what type of business you own we can handle Payroll Tax Services for all of them at affordable rates. In addition, we can also file new hiring, unemployment, and withholding returns. Contact us now to avail our diverse and dedicated services to manage your Accounting, Payroll, Taxes, Audits etc.    

PAYROLL SERVICES FOR SMALL BUSINESS Home Payroll Services For Small Business Navigate Payroll Services For Small Business Compliance With The State Payroll Taxes Significance of payroll services Payroll Service is a significant factor in finance and benefits your business in diverse ways while overcoming many challenging circumstances. Payroll Service shares particular convergences in businesses. Accurate Tax Firm bridges those aspects of convergences to take the payroll services to a whole new level including auditing, taxation services, and accounting services. The majority of business owners and employers prefers to take the assistance of payroll service providers to help ensure their employees and taxes are paid duly and accurately. Accurate Tax Firm offer you best payroll services carried out by highly qualified professionals, specialized in Management and HR consultancy with a relevant a long track record of being associated with the business community. If you need best payroll services too then contact us now! What our payroll providers do? Our payroll service providers are equipped with finance knowledge and so our services in order with contemporary prerequisites. Our exceptional service stands out among local payroll companies. Accurate Tax Firm payroll technology and 24/7 service policy make it simple to: Automatic payroll processing Major time spent calculating wages and paying employees can be saved if automatic process is in action. Paycheck, direct deposit or pay card availability ensure the efficient use of time. Tax withholding and wage garnishment Automated payroll systems guarantees you appropriate taxes and other payroll deductions are retained from employee wages accurately and duly paid. Tax filing services Payroll providers take care of filing federal, state and local taxes on behalf of their clients for full service. You may also get their assistance with year-end reporting and prepare Forms W-2, 1099- NEC, etc. Compliance Payroll providers generally keep track of regular changes and may inform their clients about the variations to wage and tax laws. This way you will know what might affect your business. Furthermore, cloud-based payroll systems have real-time compliance updates. Payroll reporting Employers are also offered detailed reports covering all the domains of their payroll operations such as wages paid, taxes retained and hours worked, among other details. Employee self-service Payroll service providers also have self-service options that empower employees to review their pay statements, update their withholdings or alter their personal details comfortably without the need for administrative assistance. Product support Often payroll providers have expert specialists available to answer client questions promptly. In some cases, support is available 24/7 via phone or online chat. (This is an extra heading taken from other page, don’t know if this applies in our firm or not) Payroll Services for Small Business Most of the Payroll companies for small business charges high prices on the clients. But here, at Accurate Tax Firm the case is quite the opposite for our Payroll Service Company! We give quite feasible payroll services rates for our clients while maintaining the standardized approach as well. Accurate Tax Firm believes and ensures 360-Degree Payroll Outsourcing Services. Along with that, we serve with the best possible economic solutions. Therefore, we have a list of recurrent clients who maintain the precedence of success for the Best payroll service. Moreover, we put forward free quotes for our clients, allowing them to grasp their problems and our handed solutions before initiating services.      

Bookkeeping Services Home Bookkeeping Services Navigate Accounting For Income Taxes Bookkepping Services Bookkeeping Services The finance world has encountered changes over the past years and tends to undergo many more variations and developments. The neoteric appearance of Bookkeeping Service is also one of the major advancements in the finance world. It’s a huge support in prevailing challenges of the corporate and enterprise world. What we provide? Bookkeeping might not need thoughtfulness or intellect to carry out the tasks but it is a very tedious job that surely needs your energy, time and focus. Moreover, who knows whether or not you are doing the job in the correct manner? Imagine giving something so much of your valuable time and ending up with a flawed result! To avoid this type of situation The TaxTactics Firm offers you their Bookkeeping Services served by well-experienced, reliable and efficient team members who ensure competitiveness and credibility in their job. Our Bookkeeping services include: Bank Account Reconciliation P&L, maintaining ledgers QuickBooks Training Monthly Bookkeeping QuickBooks Clean-up Monthly Reconciliations Bookkeeping may be a basic accounting function, but ignoring it – or doing it incorrectly – can negatively impact your business in the long run. Working with an experienced bookkeeper is the best way to ensure your financial accounts stay in order. Online Bookkeeping Services for Small Business In today’s world the worth of every service automatically increases if it provided online. Likewise, not only does online bookkeeping provide flexibility in terms of location and hours – holds significance in case you work from home – but also it allows a convenient connection between your accounting software and financial documentation via a secure portal. The services we provide are at the top of the list. We keep our client satisfied with advanced and updated approaches. We ensure competitiveness, overbearing of contemporary challenges, and comprehensive services. We welcome clients from extensive areas of life. They do not belong to the same or some specific corporate and enterprise sphere. We alter or mold our services for them according to their business requirements. Our client base is both diverse and wide, ranging from the following sectors to large or thriving small businesses. Health Care Sector Law Firms Day Care Sector Auto DealerShip Education Sector IT Consultants Technical Sector When you should look for Outsourced Bookkeeping Service? If you want to hire a bookkeeper for your office but need flexibility in the budget. If you need an Overnight Accounting Update If you need an expert in all the main accounting software. If you are required to handle Bookkeeping and Tax Preparation in across All United States of America If you need a cordial alliance like us who understands functioning efficiency, fine quality control, slight back office costs.    

Accounting For Income Taxes Home Accounting For Income Taxes Navigate Accounting For Income Taxes Bookkepping Services What is income tax? Income tax is referred to a type of direct tax the central government imposes on the income earned during a financial year by the corporates and business owners. The tax computation is based on the income slab rates applicable during that financial year. These taxes are sources of revenue for the government and it utilizes this revenue for developing infrastructure, administering healthcare, education, granting aid to the farmer/agriculture sector and in various other welfare projects. Every citizen must pay the income tax. If an individual or a company fails to file or pay for their due taxes, there is a chance of certain liabilities being imposed on them by the relevant tax authority such as IRS. To avoid such liabilities The TaxTactics Firm offers you a suitable income tax service. Contact us now and get your business back on track! What is accounting for Income Taxes? Tax accounting is one of the significant factors that contribute in the field of accounting. The key accounting for income taxes is to acknowledge tax liabilities for estimated income taxes payable, and determine the tax expense for the contemporary period. Before moving forward you should recognize some key points to gain a deeper understanding of accounting for income taxes. These factors are mentioned below: 1. Accounting Profit Accounting profit is referred to the profit displayed in ‘profit & loss’ statement including all the income and expenses but excluding tax. 2. Taxable Profit Taxable profit is referred to the profit arrived according to the tax laws and on which you are required to pay the tax in compliance with the laws. 3. Current Tax The current tax is referred to the tax which is payable or paid on taxable profit according to the applicable tax rate of the current year. 4. Deferred Tax Deferred tax is referred to the tax that a company will ultimately pay on its taxable income, but which are not yet due for payment. This is caused by timing difference. 5. Temporary / Timing Differences Timing differences are the variations in the calculation of taxes in the local tax regulations and in the accounting structure that a company uses. Objectives in Accounting for Income Taxes The Accounting for Income Taxes gives insight to the taxpayers in order to avoid the imposition of tax liabilities that might be raised against your company by a tax agency. There are several terminologies and procedures that combines together to reduce the odds of tax liabilities, as mentioned below: 1. Boost After-Tax Profits First and foremost step is to ensure company’s income tax accounting is in harmony with its operating strategy. It is essential for a company to understand how it draws tax liabilities and revamp its strategies accordingly in order to maximize its profits. 2. Reviewing Funds Income tax accounting allows the company to maintain financial flexibility and resilience. Funding the company’s operations with debt and a company’s capital structure may have various impacts that can influence its tax liability. Acknowledging these impacts gives the company insight on how to draft a plan accordingly and transitively maintain its financial flexibility by offering numerous options. 3. Timing Control of Payments Lastly, Accounting for Income Tax offers the company to supervise cash flow and reduce cash taxes paid. Opposing taxes and defying from paying is not a good option; postponing them into the future is more preferable. A company will want to collect tax deductions sooner rather than later to avoid any waste of time of their company. Our Accounting for Income Tax services The TaxTactics Firm is a private business firm which offers top notch services to a vast client base. Like our any other Tax Services we tend to serve our customers in accounting for income taxes with complete devotion. Our consistent and recurrent clients not only encourage us to keep up the effort but also motivate new clients to seek our services. We especially welcome startup companies. We understand the delicacy of their situation and serve them accordingly. We fulfill all that is mentioned under the heading of Objectives in Accounting for Income Taxes! Contact us now!