There are many reasons to be concerned with business tax issues. Whether you are a new business starting up or a business giant hoping for a takeover or merger, you need to pay attention to the tax implications of your decisions.
New Business Concerns
If you are thinking about starting a business, you may have lots of questions about business setup and how it affects your tax. There are many things to consider:
- What forms do I need to fill out to be legal?
- How much money can I make before my hobby is considered a business?
- Do I need to collect sales tax?
- What taxes are involved if I have employees?
- How do I get a federal business tax ID number?
- Am I better suited to a sole proprietorship, a partnership, or a corporation?
- Do I need insurance?
- What happens to my business if I die?
- How should I set up my fiscal year?
Making the wrong choices can cost you lots of money. Ask Terri Brunsdon of Brunsdon Law Firm to advise you on your business setup. To learn more about what is business tax, click here.
Business Taxes in Default
There are many reasons that your business taxes may be late, but penalties and fees can add up quickly.
- You may need to appeal a tax decision. Sometimes the government just needs more information to see things your way.
- If you have a huge outstanding tax bill, you may want to negotiate a settlement. Brunsdon Law Offices can help.
Terry Brunsdon will tackle the overdue tax problem for you and give you peace of mind so you can sleep at night again. For business tax help, contact Brunsdon Law Offices.
Business Taxes in a Growing Business
As your business grows, so do your taxes. It may be time to look for ways to take business tax credits or business tax deductions to help your bottom line. Ask for information to see if you qualify for any tax savings. Contact Terri at Brunsdon Law Offices today to check your tax returns for possible tax savings.
Mergers and Takeovers
The tax implications of a merger or takeover can only boggle the mind. Before you complete the transaction and sign the deal, talk to Terri Brunsdon of Brunsdon Law Offices to be sure that you are not incurring extra taxes by your actions. Terri is not only an attorney, but also a CPA, who holds a master’s degree in Tax. She can help you look for the best financial decisions during this high-energy time.
Contact Us for All Your Business Law Needs
At Brunsdon Law Offices, we have been helping clients with problems just like yours for many years. Our staff is friendly and concerned. Contact us today with your questions or to make an appointment.