When preparing and filing business taxes, it is your right to pay the least amount that is legally owed. However, determining the least amount owed can be a difficult and tedious process. The tax codes are voluminous, and very few know all the items they cover.
Some corporations prepare and file their taxes using internal resources. The majority, however, do not. Here at Whyte & Associates, Rancho Cucamonga, California, corporate strategies are done expertly. We would like to be your corporation’s go-to shop for tax preparation and filing.
You would be incorrect if you think that corporations are taxed similarly to private individuals. A corporation is the only business that has to pay its income taxes on profits. Corporations are taxed differently than other business constructs such as LLCs and sole proprietorships.
The Federal government levies tax on income that corporations make. In addition, corporations are subject to a state income tax on net income derived from business conducted in California. In addition to the fact that tax must be paid, the rules and regulations that govern corporate tax are complex. These rules can change from time to time.
There are a whole host of tax issues that corporations need to know and may have trouble with. Corporate tax planning is essential. Your corporation will realize a number of benefits from working with a professional. These include:
Whyte & Associates, Inc, Rancho Cucamonga, California, stay ahead of the ever-changing federal tax code and can handle your corporate tax planning and filing so that you can focus more directly on your corporation’s operations and growth potential. We would like to work to save your company money at tax time. Call (909) 575-0080 to schedule an appointment.