We Have Your Business Taxes Covered

HOW CAN SMALL BUSINESSES REDUCE THEIR TAXES?

There are lots of ways a small business can reduce their tax liability each year. Some common options include choosing the correct entity for your business, being smart about tax elections, and keeping an eye on your Adjusted Gross Income. Working with an accountant or financial advisor is the best bet to ensure small businesses reduce their tax burden and maximize their deductions.

WHAT ARE QUARTERLY ESTIMATED TAXES?

If you’re a freelancer or contractor, or you own and operate a small business, the IRS requires that you pay Estimated Taxes four times a year. You can either calculate your payment by making a prediction of what you’ll make in the year, or by tallying the exact amount you made in the quarter.

Quarterly estimated tax deadlines each year fall on:

April 15th June 15th September 15th January 15th of the following year.

Learn more about quarterly estimated taxes.

CAN SMALL BUSINESSES GET A TAX REFUND?

Some small businesses can receive a refund from the IRS depending on their entity election. For example, many businesses choose pass-through taxation, where the business earnings are passed to the individual owner’s income tax return. In that case, the owner is required to pay estimated taxes to the IRS and would likely not receive a refund. 

You Run Your Business. We'll handle the Accounting.  

All at a Pre-negotiated Discounted Fee. Business and Personal.

We match you with our Partners who know the ins and outs of your industry and state. Get your questions answered and get the advice you need to run your business smoothly.  Select your preferred appointment time. We'll call to discuss your needs and recommend a plan. Relax knowing your taxes and accounting are in expert hands.

Worried About IRS Compliance? 

Rest Easy. We have accountants, with knowledge of your local laws and regulations and experience in your industry.  With our team on your side, you’ll never have to worry about compliance again.  Call for a free consultation at 216-415-7555 

HallsMark Management Group LLC is not a tax advisor. This information is not intended to provide legal or tax advice. You should consult with your legal and tax advisor regarding your circumstances.