Individual/ Business/ Corporate Income Tax

Individual income tax is also referred to as personal income tax. This type of income tax is levied on an individual’s wages, salaries, and other types of income.

All businesses except partnerships must file an annual income tax return. Partnerships file an information return. The form you use depends on how your business is organized.

Start Ups and Organizations

What are company startup costs?
A startup or start-up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business model.
The IRS regulations state that business start-up costs are typically considered capital expenses because they are for the long-term, not just the first year. The classification of startup costs as capital expenses is important because it means you can’t take those costs as an expense to your business in the first year
What are company organizational costs?
Organizational costs are those costs incurred that relate to the setup of a business. Examples of Organizational Costs Include: Legal services incident to the creation of the corporation, such as drafting of charters, bylaws, and minutes of meetings; Necessary accounting services; Fees paid for temporary directors and organizational meetings; and Registration fees paid to the state of incorporation.

Business Reporting

A business report is very much useful for management and use. It is important is because of the functions it performs. A business report: Provides Facts pertaining to events, conditions, qualities, progress, results investigations or interpretations occurring in the company. We can provide your company with financial business reports that may improve your company cashflow.