Taxes are part of everyone’s reality, whether they are a business organization or an individual. Tax season can be stressful no matter what situation you are in if you are not prepared, but with the help of a professional accountant, you can coast through tax preparation and rest assured that you have paid exactly what you or your business owes – no more, no less. At Whyte & Associates, Inc. in Rancho Cucamonga, our team of accountants offers tax planning services to both individuals and businesses to help relieve stress and prevent you from leaving money on the table.
Generally speaking, anyone that earns an income must at minimum pay federal taxes, and depending on which state you live in, you may also need to pay state taxes. The amount you owe each year depends on a variety of factors, including:
All businesses except partnerships are required to file a tax return with the IRS each year. The logistics of how you file and what you owe will depend on a number of variables, including the type of business entity, whether you have employees and/or independent contractors, your profits and losses, and many other factors.
Most individuals and business owners are not familiar with the tax code’s ins and outs, and preparing their own taxes can be frustrating, stressful, and error-prone. In addition, if you need to pay quarterly estimated taxes, it can be difficult to determine how much you need to pay each quarter to avoid potential penalties. This is where professional tax planning comes in! Our team of experts lives and breathes tax laws and can help you not only reduce your tax bill but also ensure that it is accurate and that you have filed everything you need to rest easy, knowing that your taxes have been done correctly and on time.
To schedule your appointment with our tax planning experts, call Whyte & Associates, Inc. today at (909) 575-0080!