Balance Your Priorities
Preparing the income tax return for your business is a monumental task. Current tax laws are so complex that filing a relatively simple corporate return can be incredibly time consuming and very confusing. And when you consider the fact that state tax laws and federal tax legislation are constantly changing, it makes the job even more daunting. What worked fine on your business tax form last year may get you in trouble with the IRS and cost you a bundle today. For that reason, it makes sense to use the services of a professional corporate tax preparer. As a business owner, your time is much better spent focusing on making money, rather than trying to figure out how to file the proper tax forms to stay in compliance with the IRS.
Even if you are somewhat familiar with the filing of your business taxes, it is all too easy to miss deductions and tax credits to which your business is entitled. And those computer software tax programs are only as good as the information you enter. Neglecting to enter one piece of information, or entering it in the wrong section can wind up costing you a bundle in penalties and additional taxes. For that reason, there’s no substitute for using the services of an experienced business tax professional who does that sort of work everyday.
Statistics from the Small Business Administration indicate that over half of all new businesses will fail within the first four years of operation. So what can a business owner do to improve the odds? Regardless of whether you have an existing business or a new start up, there are areas that you can improve upon to increase profits and make your business run like a well oiled machine.
With over 17 years in the business, Tom McNulty CPA LLC is uniquely positioned to help your business prosper. Our corporate business consultation covers all aspects of your business; including marketing, finance, operations, human resources, record keeping, and data entry. Our business consulting service is a vital tool that can rejuvenate your business and get it back on the right track. We can help you to increase revenues, reduce expenses, and make you more efficient. This means more money in your pocket.