Business Tax Help & Accounting Solutions for Dallas Business Owners
Our expert team of CPAs, Tax Attorneys, and Accountants work together to help small business owners of Dallas and all surrounding areas resolve business tax problems, and remain healthy through personalized bookkeeping, payroll, and tax management solutions
Business tax problems affect Dallas businesses of all sizes and across all industries, and Dallas Pure Tax is here to provide full-service business tax help catered to the unique needs of your business. When you own a business in the Dallas area, your days are consumed trying to serve your customers, meet your payroll and hopefully grow your business. Sometimes, tax filings fall through the cracks. Other times, small business owners run into temporary cash flow problems and fail to pay payroll taxes or other business taxes, resulting in impending business tax debt. These business tax problems are quite common, but with a phone call to Dallas Pure Tax, our professional tax attorneys and CPA's can provide business tax help you need to get back on track. We take a comprehensive approach to business tax help with an overall goal of helping our Dallas clients succeed. Whether you need professional IRS help to settle your business tax problems, or need ongoing tax accounting and bookkeeping, we have a solution for you!
Solutions for Business Tax Problems
Payroll Tax Relief
Payroll tax debt is very serious, and it may even be subject to criminal prosecution. Sometimes business owners fall behind on their obligations and use payroll tax withholdings to cover other business expenses. It is not uncommon for companies to go out of business due to overdue payroll tax debt. The failure to file form 941 can be easily corrected by a tax accountant, but you must do so or you can be certain that the IRS will contact you quickly and consistently until the payroll tax problem is cleared up. Furthermore, failure to pay payroll taxes will subject you to tax penalties and potentially liens and asset seizures. This particular type of business tax problem demands your prompt action. The solution is simple, you need to consult a payroll tax specialist who is experienced in payroll tax law and can provide the payroll tax help you need.
Worker Classification Filing – Employee or Independent Contractor?
While you may think of your workers as independent contractors, it’s quite possible that under law, they are in fact employees. And, if they are employees then you owe payroll taxes on their wages. There is a multi-part fact-based inquiry to determine whether your workers should be classified as employees or independent contractors and most of the factors relate to the degree of autonomy by the worker. In other words, do you control the contractors’ time and the way they perform their job? If so, the “contractor” is quite likely an employee. If you are in doubt about whether your workers are employees or independent contractors, you should consult IRS Form 22-8 "Determination of Employee Work Status for Purposes of Federal Income Tax Withholding" to assist you in making the determination so you can avoid business tax problems.
Resolving Overstated Deductions
Sometimes the line is blurred between personal and business related expenses, and this can lead to business tax problems. Of course, you can only deduct business expenses, not personal vacations, transportation, or home improvements. Moreover, the Internal Revenue Code imposes the burden on you to prove that you are entitled to the deduction. So, for example, if you write off a portion of your auto expense, you better have a detailed log showing how your vehicle was used for business. Failure to do so subjects you and potentially your business to serious tax problems.
Partnership & Incorporation Tax Issues
When starting a new business, or transitioning an existing business to another category, it's crucial to have all agreements and legal contracts drafted properly. Having contracts and articles of incorporation prepared incorrectly can lead to many headaches down the road, including tax filing issues with the IRS. Make sure you get your business off on the right foot, if your business is compromised of multiple agents (partners), and need your business tax filings and agreements setup properly, swe can help. If you are a local Dallas business with a business partnership experiencing IRS problems, or are starting new and would like the proper consulting, ur business attorneys can help organize your business' legal contracts and tax filing so you remain compliant, and avoid tax problems down the road.
Personalized Tax, Payroll, & Bookkeeping Solutions
At Dallas Pure Tax, we've tailored our business tax services to accommodate the ongoing tax accounting and bookkeeping needs of our business clients. We're not only in business to resolve IRS problems for business owners in the Dallas area, but we also want to be your ongoing partner in business success. Our team of expert CPAs, Accountants, and Tax Attorneys combine their expertise to offer year-round tax filing and accounting solutions, personalize to your needs. For a flat, affordable monthly fee, our team handles all bookkeeping, tax filing, payroll filing, cash flow management, IRS resolution, plus any other tax consulting or financial need you have. Our services are 100% flexible to your business goals, and our involvement will grow as your business grows!
See How Our Comprehensive Business Tax Help & Accounting Solutions Can Help Your Business
Our number one goal at Dallas Pure Tax is to see Dallas businesses avoid business tax problems and flourish. Our full-service business tax help and accounting solutions are perfect for startups or businesses of any size. For more information on our business tax services and how they can help your business succeed, contact us today for a free consultation.
The Dallas Pure Tax team