Overview of Tax Planning and Tax Compliance Services

Federal & State Tax Compliance Services 

Every business in the USA must adhere to federal and state tax laws. Failure to file tax returns on time or report income effectively could lead to penalties, interest costs and audits from the Internal Revenue Service (IRS). We help businesses file accurate returns, track deductible expenses and comply with IRS Code Section 280E, IRC 162 (ordinary business expenses) and state-specific tax laws.

• Accurate tax Filings - We prepare and file state and federal tax returns which include income tax, payroll tax & sales tax.
• Tax Law compliance - Our Tax Compliance advisors keep you in compliance with the most recent IRS laws and stay away from penalties.
• Audit Support - We assist you to react to and resolve problems when you receive an IRS or state tax notice.
• State & local tax (SALT) Compliance - We assist companies with sales tax, franchise tax, and local tax compliance.

Tax Planning for Small Businesses 

Operating a business is more than paying taxes - it means planning to reduce taxes & maximize profits. The TCJA provided key tax breaks for businesses, including the Qualified business income (QBI) deduction (IRC Section 199A) that allows small business owners to deduct approximately 20% of their business Income. Our tax planning services let you seize those opportunities while complying with tax laws.

• Business Tax Optimization - We find tax saving opportunities - deductions and credits.
• Entity Structure Planning - Choosing between an LLC, S-Corp, or C-Corp influences your taxation - we help you decide.
• Year-Round Tax Strategy - We don't simply file taxes - we plan ahead for savings all year round.
• Small business tax Advice - Our financial tax advisors will help you make tax-efficient business choices.

Payroll Tax Compliance 

Employers in the USA must pay federal and state payroll tax laws including FICA (Social Security & Medicare taxes), FUTA (Federal Unemployment Tax) & state employment taxes. At StartupFino, our tax and financial experts assist companies with payroll tax compliance to stay away from expensive blunders and legitimate problems with the IRS and Department of Labor (DOL).

• Payroll tax filing - We handle payroll tax computations, reporting and timely filing to stay away from penalties.
• Compliance with Employment Tax laws - We enforce IRS Publication 15 (Employer's Tax Guide) along with state payroll Laws.
• Employee & Contractor Taxation - We deal with tax withholdings for W-2 workers and 1099 independent contractors.
• Payroll Audits & IRS Support - If the IRS inquires about your payroll taxes, we help you answer them and fix it.

Corporate Tax Planning & Compliance 

Large businesses & corporations have complicated tax challenges such as business income Ttx, excise tax along with international tax regulations. The IRS Corporate Tax Code and laws like IRC Section 482 (transfer pricing rules) require businesses to create tax-efficient strategies. Our corporate tax planning & compliance services help your business maximize deductions while staying within legal tax boundaries.

• Corporate tax Strategy - We structure tax plans to legally minimize corporate tax burdens.
• Mergers & Acquisitions Tax Planning - We assist with tax effective business transactions.
• Tax Compliance & Reporting - Our tax planning advisors prepare accurate corporate Tax filings.
• International tax Compliance - We assist businesses with their cross border tax obligations under OECD and IRS rules.

Personal Tax Advice & High-Net-Worth Tax Planning

Tax planning isn't just for companies - general people and HNIs also require financial tax advisors to reduce their personal tax liabilities. The IRS tax code provides deductions for retirement savings contributions (401k & IRA deductions), capital gains tax planning & estate tax methods. Our personal tax advice helps people, entrepreneurs and wealthy people realize maximum tax advantages and remain compliant.

• Personal Income Tax Optimization - We discover tax-saving deductions & credits.
• Investment Tax Planning - We handle capital gains, dividend taxes and wealth accumulation methods.
• Estate & Gift tax Planning - Reduce taxes on inheritance & wealth transfers.
• Financial Advisor tax Planning - We assist with taxes on personal and company wealth.

Business Incentives & Tax Credits 

The U.S. tax system provides various business incentives and tax credits to help companies lower their tax liabilities and promote development. Most businesses miss out on these opportunities simply because they lack awareness or complicated eligibility criteria. Our tax planning advisors enable you to locate and claim these incentives while complying with IRS tax codes and saving you money. The R&D Tax Credit (IRC Section 41), Work Opportunity tax Credit (WOTC) & the Employee Retention Credit (ERC) are some programs which can bring down business tax burdens. Our financial tax advisors help determine eligible credits and also provide documentation so your business benefits without legal risks.

• Identify Eligible tax credits - We assess your business to establish eligibility for federal and state Tax Credits.
• Obtain the Most Out of Taxes - We Help you maximize your tax advantages.
• IRS Compliance & Documentation - We assist with filing and submitting reports to IRS guidelines.
• State & Local Incentives - Our financial advisers secure state business tax credits along with grants.

Transaction & Tax Consulting 

Major business transactions like mergers & acquisitions, asset sales and restructuring involve significant tax Implications. If not handled properly, businesses might experience unforeseen tax liabilities, compliance issues, along with penalties. Our tax planning advisors offer expert guidance on corporate tax preparation and compliance to ensure organized transactions which are tax effective. Mergers and acquisitions must follow strict tax laws under the IRS tax code (IRC Section 368). Whether you're selling a company, buying new assets or even preparing a company restructuring, our financial tax advisers minimize tax liabilities while complying with IRS regulations.

• Mergers & Acquisitions tax Strategy - We structure deals to minimize corporate tax and capital gains liabilities.
• Business restructuring Guidance - We assure tax efficient restructuring for more savings.
• Tax Due Diligence - We look at the tax effect of business purchases or sales.
• IRS Reporting & Compliance - We make sure transactions meet IRC Section 368 and all other tax laws.

IRS Audit Support & Tax Resolution 

An IRS audit can be time-consuming and stressful but with the right guidance, businesses can solve tax problems quickly. In case your business gets an IRS notice, audit request or penalty, our tax compliance services will enable you to react effectively and quickly. We manage communications with the IRS and ensure your business meets federal and state tax laws. The IRS audits generally look for errors, underreported income or suspicious deductions on tax filings. In contested tax instances, businesses might be eligible for offer-in-compromise programs or other settlement alternatives. 

• IRS Audit Representation - We deal with IRS audits and solve them with minimum disruption.
• Penalty & Interest Reduction - Our team negotiates with the IRS to reduce or even eliminate penalties where possible.
• Tax Dispute Resolution - We help with appeals and settlements under IRS Offer-in-Compromise (OIC) rules.
• Compliance Review & Prevention - Our tax Compliance solutions help your company stay away from future audits.