We've got you covered: Taxes prepared and filed, year-round strategy and advice, audit protection and more. Be confident about your business tax situation.
Business owners get taxed twice when their corporation pays taxes on its profits, and then the owner pays personal taxes on dividends received from the corporation.
We help business owners save thousands of dollars through restructuring and reclassification. Learn how to pay yourself a salary without getting taxed twice.
Let us handle your everyday bookkeeping tasks so you can focus on what you do best – running your business.
Accurately categorized transactions and reconciled accounts. Make business decisions based on up-to-the-minute information.
Taxes, bookkeeping, payroll, entity formation and more – all in one place and provided by experts.
CPAs are a business owner's best friend. They help you solve problems and answer your most challenging questions.
Accounting for everything small business. From entity formation to business income tax filing and beyond, we have accounting for small business paperwork and financials covered.
Looking to file small business taxes online? Business taxes are prepared and filed for you. Maximum savings guaranteed.
Avoid penalties; avoid overpaying. Annual franchise taxes are prepared and filed by our tax professionals and business accountant team.
State-specific tax advisory and accounting services. Let us handle the nuances of your payroll and sales tax.
Several factors determine that amount, including revenue and how the business is structured. Small businesses pay an estimated average federal tax rate of 19.8%. The estimated average for S corporations is 26.9%, the sole proprietorship average is 13.3%, and the partnership average is 23.6%.
While it may seem like S corporations pay more in taxes, they usually pay less than sole proprietorships or partnerships with similar income levels because they are more profitable.
In most instances, you will have to file business taxes even if there’s no income to report. If your business is no longer active and you aren’t planning to reactivate it in the future, we suggest you consider dissolving your company.
If you don’t file business taxes, there will be consequences from the IRS. Some of the potential consequences include levies and liens, fees and penalties, and criminal charges for the most egregious violations. The IRS will typically send a warning notice before implementing punitive actions.
You may file small business taxes yourself or enjoy the professional services of 1-800Accountant. If you’re interested in our service, please schedule a consultation call with our experts. They’ll gather information about your business, industry, state, and tax situation, then recommend the best path forward to maximize your tax savings.
Entity selection is the key to tax savings. Partner with us to ensure you pick the best one for your situation.
Bookkeepers save you time and money. Focus on running your business and let us handle your day-to-day accounting.
Simple integrations, automatic calculations. Running payroll and benefits is easy with experts on your team.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
**Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
***Historical first-party data.