Mobile Tax Solutions

Are you looking for a way to generate meaningful income, work on your own terms, and sleep well knowing you help your customers reduce their tax burdens? If you possess strong math skills and keen attention to detail, you could thrive as a tax preparer!!! We would like to help you start your own Tax Preparation Business in our upcoming six week digital course launching Oct 25. With our help, you will be ready to start earning money this coming tax season.

We are now offering assistance to tax professionals who need help while preparing complex 1040s, 1120s, 1065s, etc. Having provided our services to Financial Brokerages, CPA Firms and Tax Law Firms over the last decade, we are highly skilled in handling an array of tax situations for not only the average working class taxpayer but high networth individuals. We have specialized knowledge in many different tax softwares such as ATX, Ultra Tax, Pro Series, Drake, My Tax Prep Office, etc. Retain us to ensure you have a smoother tax season by being guided by a Tax Specialist.

Did you know that tax exempt organizations with less than 50K in gross receipts during a given tax year is not required to file a Form 990 tax return? Instead, Form 990-N (e-postcard) is sufficient to file. It's not nearly as time consuming to report and will save you money paid to a tax professional.

The deductibility of business expenses paid with forgiven PPP loans is effective for subsequent PPP loans, as well as for business expenses paid with emergency Economic Injury Disaster Loan (EIDL) grants and targeted EIDL advances.

Yes, Small Businesses, Expenses Paid with Forgiven PPP Loans Are Deductible The small businesses were worried, restless in their beds, as nightmares of tax liabilities danced in their heads. Then, in the late-night hours of Monday, December 21, 2020, a little holiday spirit was sprinkled over small businesses when Congress p

In an S-Corporation, only earnings paid to an owner as salary is subject to payroll taxes. Any money left in the business for reinvestment or distributed to the shareholder as a dividend is not subject to self-employment tax.

Scenario:

Maria is a sole proprietor bringing in sales of $90,000. After she pays her costs & expenses, her profit is $60,000. As a sole proprietor, she is required to pay self- employment tax of 15.3% on this entire $60K of profit, which equates to $9,180.

Now, let’s assume Maria formed an S-Corporation for her business, and chooses to pay herself $35K for the year in salary, and take the remaining $25K of profit through a distribution. She still earns the same $60K in profit. But, let’s look at the tax situation. Because corporations only pay Social Security & Medicare taxes on salaries, she’s only liable for $5,355, saving over $3,800 in taxes!

Schedule C vs S-Corp 🥊🥊🥊

Attention Business Owners!! Did you know you could save substantially on your taxes by establishing your business as an S-Corp and saying farewell to the Schedule-C?

Drop a comment for more information.

Tax season officially starts Jan 28th!!

IRS Confirms Tax Filing Season to Begin January 28 | Internal Revenue Service IR-2019-01, January 7, 2019 ― Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled.

Claim your refund before it's too late! We can assist with filing past tax years.

Forget to file your 2014 tax return? Money could be waiting for you IRS says many consumers could be owed around $850 in unclaimed tax refunds for returns that were not filed for 2014. The filing deadline is April 17.

True or False? All tax refunds are now being delayed.

3 big tax myths the IRS wants to clear up for you Knowledge is power.

The official start date of the 2018 Tax Season is January 29th. On that date, you may began filing paper and electronic returns.

The IRS begins accepting tax returns Monday — here's what to expect this year You can submit your tax return to the IRS as early as January 29, but there are certain things to be aware of before you do.

http://www.businessinsider.com/irs-tax-return-filing-instructions-2018-1

The IRS begins accepting tax returns Monday — here's what to expect this year You can submit your tax return to the IRS as early as January 29, but there are certain things to be aware of before you do.