by admin | May 12, 2022 | Business
Entities Subject to Franchise Tax Each taxable entity formed in Texas or doing business in Texas must file and payfranchise tax. These entities include: Corporations limited liability companies (LLCs), including series LLCs Banks State limited banking associations...
by admin | Oct 9, 2021 | Business
Small Business Tax Return Preparation The legal structure of a business determines the tax status and the liability of the owners. According to the Internal Revenue Service (IRS) sole proprietorship, partnership, corporation, and S corporation are the most common...
by admin | Oct 9, 2021 | Business
Sole Proprietorships: The simplest structure, where one person runs their business, which has not been incorporated in any manner under state laws. You can file the business taxes when you do your personal income taxes. However, you are fully liable for the actions of...
by admin | Oct 9, 2021 | Business
Most businesses start as a Sole Proprietor and their main focus is to generate sales and your business is going to get exposed to liability A Limited Liability Company (LLC) is a legal structure for operations and for asset protection. An LLC is a business created by...
by admin | Oct 9, 2021 | Business
Many small businesses are organized as limited liability companies. Compared to corporations, LLCs have more management flexibility and fewer legal requirements. The default LLC tax system is simple, too. LLCs with one owner are taxed like sole proprietorships, and...
by admin | Oct 9, 2021 | Business
Bank Reconciliation Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.Having us reconcile your account each month allows you to… Identify lost checks, lost deposits and unauthorized wire...
