Jan
21

Thinking About Hiring an Accountant For Your Small Business?

Author // Channel 7 Miami
Posted in // Do i need an accountant for my small business, Tax services

Bookkeeping

Did you know that An estimated 25 percent of households in the United States use a financial planner to assist with their finances? If you run a small business, then you might also be asking the question, do I need an accountant for my small business. If you have ever thought, my small business needs help with the IRS, then you waited too long to resolve your tax problems. The best thing is always to get help with IRS tax problems as soon as possible so that you never need help with IRS back taxes. Here are a few things you should know before you look into hiring a tax attorney to help you.

1. Taxes are by no means easy for anyone and hiring bookkeeping services are one of the best ways to avoid the complications. The IRS sends out over eight billion pages in forms and instructions every single year to help people to navigate the complicated process. If you are unable to handle these forms for your small business, then you should look into hiring the best tax preparation services for your company.

2. Before 1776, the American Colonies were subject to taxation by the United Kingdom. This is one of the main reasons for the American Revolution. They were taxed, but they were given no representation in the government of the United Kingdom.

3. Because of the fact that the United States has been adding tax laws to the books for well over a hundred years, there are some rather strange ones. For instance, fountain soda drinks in Chicago are taxed at nine percent. This might not seem weird on its own, but the fact that if it comes in a bottle or can then it is only taxed at three percent is a completely different story. Along the same lines, Alabama still has a 10 cent tax on a deck of playing cards on the books.

4. Firing an employee to avoid handling a levy that has been claimed by the IRS may be a criminal offense. This is one of those situations where asking the question do I need an accountant for my small business, might be a little bit too late. Even though it might seem like the easiest option for an employer, federal law provides for a fine of up to 1,000 dollars and imprisonment for up to one year on an employer who willfully fires an employee in connection with a garnishment.

Once you have taken care of your IRS problems and stopped asking the question do I need an accountant for my small business, make sure that you stay on top of the taxes of your small business in the future. Finding an accountant for small businesses is the best way to make sure that you do not need to worry about tax services in the future. Read more articles like this: www.dgkgrouppc.com

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