If you are a small business owner, one of the most important things that you will need to do for your business is preparing your taxes. However, filing your own taxes is complicated and time-consuming and worrying about your income tax return filing is something you might prefer leaving to an experienced professional. However, finding a reliable company specializing in tax services can be difficult. Preparing tax returns requires extensive knowledge in income tax law as well as thorough knowledge of each business’ individual needs.
What Poorly Executed Tax Preparation Can Mean For You
Employing an inexperienced or unknowledgeable business to prepare your tax return can cause a number of serious problems for both you and your business. To begin with, you might end up paying much more in taxes than you have to, causing a financial burden for your business. Also, you might end up missing deadlines or unintentionally breaking the law, jeopardizing your business’ operations and your own legal standing.
Numbers Up Offers the Best Income Tax Return Filing Services
If you are looking for a team of professionals that is experienced and fully committed to offering the best possible services in the field of income tax law, Numbers Up is the best choice for you and your business. We are a local firm that specializes in small business solutions and our team has significant experience serving in a range of different roles in the industry. We are committed to offering the best possible income tax return services tailored to your business’ individual needs.
How long does it normally take to prepare my taxes?
The time it takes to prepare your tax returns depends on a variety of factors. First of all, it depends on whether you have made an appointment in advance, as well as the time of year in which you have decided to hire us. Also, it depends on the size of your business and the amount of work that we will have in filing your taxes. In general, however, we should be able to assist you on the spot if you make an appointment in advance.
Which documents are required for preparing my taxes?
There are a number of forms that we will need to complete your tax return. When it comes to income-related forms, make sure to bring W-2 forms from all employers, 1099-INT, 1099-DIV forms, 1099-B forms, K-1 forms and the 1099-SSA form. Also, make sure to bring any receipts for charitable contributions, mortgage interest statements as well as real estate tax notices. Finally, if you had any medical expenses over $1,000 make sure to bring records of those as well.
Is it possible to deduct the costs of preparing my taxes directly from my refund?
Unfortunately not. We are a private entity that charges for its services, while the tax return that you receive comes directly from the IRS. We are unable to charge the IRS for our services.
What are the advantages of hiring someone to prepare my tax return rather than doing it via a computer program?
Using computer software may seem more accessible and affordable than hiring a team of professionals specializing in tax-related services. However, nothing can replace human experience and enlisting a firm which is knowledgeable in the field of income tax law. If you are looking for a way to minimize your tax obligation, hiring someone who knows the ins and outs of the tax system is a much smarter option.
Can I extend the deadline for filing my taxes?
Yes, there are certain conditions under which you can extend the deadline for filing your taxes. In order to extend your deadline, you will need to complete one of the required forms. However, please keep in mind that filing for an extension does not extend the time for paying your tax liability. For further information regarding ways to extend your deadline, feel free to contact us for a consultation.