TAX PREPARATION UNIONTOWN

At Akron Income Tax Co. let them handle your accounting, bookkeeping, and Income Tax preparation needs. They are located at 2215 income tax services Uniontown E Waterloo Rd (RT 224) at the Gala Commons Plaza and you can reach them by phone at (330) 733-1040. Visit the Akron Income Tax Co. website at https://apc1040.com/income-tax-services-uniontown/ to book an appointment today!

Income Tax Preparation: Accurate, Reliable, and Secure. Trust Akron Income Tax Co. to deliver professional results at reasonable fees. Their flat rate, no frills pricing, means you will always know what you are paying upfront. There are no surprises or hidden fees. Whether you are preparing your individual personal income tax returns or if you are a small business, completing the tax return yourself can be a serios burden and put you at risk for missed deductions and tax credits. They offer personal individual tax returns preparation (1040s), corporate tax returns (1120s), partnership returns (1065s), and LLC’s income tax preparation. Their goal is to exceed your expectations. Above all, when it comes to federal and state income tax preparation, delivering services that are relevant today while keeping pace with your business’s changing needs in the future. Whether you are located in Akron, Ellet, Kenmore, Mogadore, Green, Tallmadge, Uniontown, Barberton or any other local area they are the nearest tax office to provide income tax preparation or any tax assistance you may need. For instance, their income tax professionals offer face-to-face preparation appointments (yes, your time is valuable, and they respect it!) in a private tax office, or you can just drop your tax documents off at any time and pick them up in a few days. They also have online tax options, so you can file your federal income taxes without leaving home. Their income tax service will exceed your expectations, satisfaction guarantee. Income Tax Return Preparation for individuals and businesses. You can trust them to deliver professional results at reasonable fees.

Now that you know more about Akron Income Tax Co. and why you should book an appointment, let’s talk about why you should work with a professional for your corporate tax returns. Many small businesses structure their company as a corporation to enjoy tax advantages such as limited liability. However, the corporation’s unique tax status comes with a set of responsibilities including filing and paying annual tax returns. Preparing and filing non-simple corporate tax returns requires specialized knowledge and experience to avoid costly errors and penalties. All corporations must file an income tax return annually regardless of whether the company has taxable income or not. Generally, the tax return is filed using Form 1120. The due date for a corporation’s income tax return depends on the type of entity and jurisdiction. For example, a calendar year corporation must file the return by May 15th. A fiscal year corporation, on the other hand, must file its return by October 15th. In addition to the federal income tax return, some corporations are required to file state and local tax returns.

Moreover, the amount of taxes paid or owed by a corporation will vary depending on the type of entity and the activities performed by the company. For instance, corporations that perform taxable services or activities in New York must pay the franchise tax, which is computed and reported on an annual basis. Besides the franchise tax, most states and cities impose their own taxes on the corporations that conduct business within their respective jurisdictions. Local taxes may include sales, excise or property taxes. Corporations that conduct international business must also be aware of the complexities and requirements of filing and paying their taxes globally.

It is important that the corporation pays its taxes on a timely basis to avoid late payment penalties. To minimize this risk, the corporation is required to make estimated tax payments throughout the year. Generally, the corporation’s estimated tax payment must be equal to or exceed its actual tax liability for the current year. Estimated tax payments are typically due on the 15th day of April, June, September and December. However, a calendar year corporation with a December 31st year end is permitted to make the first estimate payment on October 15th. In most cases, the estimated tax payments must be made electronically unless the corporation is exempted by the IRS. Failure to file a timely return will result in interest and penalties. Now that you know why you should work with a professional for your corporate tax returns, it is time to go back to the website of the tax experts, Akron Income Tax Co. to book an appointment today!