As the owner of a company in Tarpon Springs, you are responsible for a lot. Maintaining the office or store, managing employees, making financial decisions, and more all make up your daily routine. As part of your financial management, you also need to make sure that you are filing business taxes. By working with a professional bookkeeper and accountant, you can ensure that everything is on track for success.
Annual Income Taxes
Every year, with the exception of partnerships, all business face the requirement of completing an income tax return. The structure of your company determines which form(s) you will have to use to complete this process. So, be sure to pay attention to whether you are a sole proprietorship, a corporation, an S corporation, or a Limited Liability Company (LLC). An accountant at BizBooks4U can help you with filing business taxes by correctly identifying the necessary forms and filling them out together with you.
Having a professional in Tarpon Springs assist you in this endeavor helps to ensure that you do not miss anything important and that you fill out the entire form and submit it properly. Improper filing and submission could result in major delays or even fines, so it’s best to take caution. In addition, this is a pay-as-you-go tax, so it’s best to stay on top of it throughout the year.
Employment Taxes are Necessary if You Have Employees
Any company in Tarpon Springs that hires employees (as opposed to contractors, for example) needs to be sure that they are filing business taxes to the fullest extent. This includes Federal income tax withholding, Federal unemployment tax, and Social Security and Medicare taxes.
Don’t Forget About Excise Taxes
If you manufacture or sell certain products, operate certain kinds of businesses, use various kinds of equipment, facilities, or products, or receive payment for certain services, your company may have to file excise taxes. This generally includes alcohol, tobacco, fuel, services such as tanning salons, travel via airplane or cruise ship, and more. To determine for sure if your company needs to consider this tax as part of filing business taxes, speak with an accountant in Tarpon Springs.
A Professional is Your Best Bet for Filing Business Taxes
For Tarpon Springs companies looking to be on top of their financial matters, trust a professional accountant at BizBooks4U. We help Tampa Bay area clients with all of their accounting and bookkeeping needs, as well as filing business taxes. We’ll make sure you stick to a budget. To learn more about our services, contact us today or give us a call to schedule an appointment at 727-939-1044.
