Do You Need A Tax Specialist For Your Small Business?

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Do You Need A Tax Specialist For Your Small
Business?
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• Whatever the time of year, taxes are never far
  from the thoughts of most small business owners,
  and planning and preparing for them is an all
  year affair. Many small companies use tax
  professionals to assist them with their taxes,
  not only for convenience but for ensuring that
  their returns are timely and correct, and if you
  dont yet have one, perhaps you should?
• What is a tax professional?
• Tax advisors, preparers and planners are
  regulated by the IRS and may include attorneys,
  CPAs and enrolled agents and several other types
  of registered tax return professionals.

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• What exactly do they do and how might your small
  business benefit from one?
• A tax professional can assist you with your
  business taxes, before, during and after tax
  preparation
• How a tax pro can help before you prepare your
  taxes
• Tax planning involves meeting with your tax
  professional at strategic times in the year
  such as every quarter to discuss the ways in
  which you can legally minimize your taxes
  avoiding paying them, rather than evading. With
  their in-depth and up-to-date knowledge of tax
  laws and regulations, they are able to give you
  sound strategic advice on how to navigate the
  laws to lower your tax bill.

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• How a tax pro can help during tax preparation
• Preparing your business tax return and your
  personal one is usually the job of your tax
  professional, and if you pay business taxes
  through your personal tax return, then its
  helpful that the same person helps you to prepare
  them both to coordinate tax savings. A good
  example of this would be if a loss on your small
  business taxes (through Schedule C) was applied
  to your personal tax bill to lower them overall.
  Lower business income means lower self-employment
  taxes, which you are obliged to pay personally
  along with your income taxes.

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• How a tax pro can help after the tax preparation
• Even if your tax return has been filed by your
  tax professional, they may still have work to do
  if youve been selected for an audit. Your tax
  pro will be able to assist you in the event of an
  audit and may also be able to represent you
  before the IRS during an audit.
• As you can see, there are multiple ways in which
  a small business can benefit from using the
  services of a tax professional, and here are just
  a few of them

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• They can save you money at tax time
• They will ensure that your taxes are recorded
  and filed to meet all IRS deadlines
• Their understanding of tax laws means that
  youll always be compliant
• Your tax professional will pull out all the
  necessary records, saving you a lot of time
• Should you get audited by the IRS, they will be
  there to help you

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• The truth is that anyone can help you to prepare
  your small business tax returns, whether they are
  qualified to do so, or not, but with a
  professional who is registered and can provide
  you with proof of their experience and
  qualifications, you are given much greater
  assurances that your tax return will meet all
  legal requirements and will be accurate and
  timely.
• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax preparation service
  Coral Gables. If you are looking for tax
  preparation service in Miami, Heyer Associates
  would be a right option.