Everything You Get with Incfile's One-Hour Free Small Business Tax Consultation

Everything You Get with Incfile's One-Hour Free Small Business Tax Consultation

What do you get with Incfile's one hour free tax consultation?

If you find the thought of small business taxes stressful, we can help. When you form a business with Incfile and you choose our Gold or Platinum packages, you can take advantage of a free tax consultation. You’ll be able to talk to a business tax expert, ask questions and get the insight and support you need to make filing and paying your taxes a breeze.

Here are some of the areas we’ll cover during your free tax consultation.

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The Structure of Your Business and What That Means for Your Taxes

The most common legal small business structure is as a limited liability company, but you might also have formed as an S Corporation, C Corporation or nonprofit. Our tax professionals will discuss your business structure with you and tell you about any specific tax elections or registrations you need to make so you’re taxed properly by the IRS and your state.

The Types of Taxes You and Your Business Will Pay

You’ll be taxed slightly differently depending on your business structure. A tax expert will discuss:

  • The types of taxes that you will need to pay to the IRS and your state’s Department of Revenue. 
  • When you need to pay things like estimated taxes.
  • The types of forms you and your business will need to file.

Business Expenses You Can Use to Reduce Your Taxes

Most taxes are based on the profits that your business makes. Legitimate expenses reduce your profits, meaning you pay less tax. Many of these expenses are often missed by business owners, meaning you pay more tax than you need to. Your small business tax consultant will talk you through these common business expenses to ensure you’re taking advantage and reducing your tax bill.

Properly categorizing all of your expenses lets you understand what you’re spending money on. This helps you understand the financial health of your business and how to control your costs.

Best Practices for Business Bookkeeping

Bookkeeping is the process you will use to track all of the money coming into and going out of your business. Staying on top of your bookkeeping makes it much easier to track your revenue, expenses and profits. Our tax experts will talk about how bookkeeping works, and the type of system you might want to put in place to track and reconcile all of your transactions. This will make it much easier to collect accurate information for preparing, filing and paying your taxes.

Your Questions About Small Business Taxes

Your tax specialist can answer any specific questions you have about your business tax circumstances. You might want to put a list of questions together to ensure you discuss them all during your call.

How to Make the Most of Your Tax Consultation

You’ll want to take maximum advantage of your free tax consultation. We recommend having some information ready before you chat with your tax expert:

  • Whether this is your first business, how long your business has been in existence and any previous experience you have with running a business or paying taxes
  • The nature of your small business, the types of products and services you sell and major expenses or costs
  • The ownership structure of your business and whether you have any other investors, partners or owners
  • If you’re employed and paid elsewhere, through receiving wages or as an independent contractor
  • The amount you’ve invested into your business
  • Whether you’re currently working with an accountant or other tax professional

Taking the Hassle Out of Small Business Bookkeeping and Taxes

After talking with your tax expert, you might decide you want a professional to take care of your business tax affairs. We get it — many business owners say that tracking their bookkeeping, gathering information, filing and paying their taxes is their least favorite responsibility!

If that’s you, we can help. We provide a complete, cost-effective business accounting and bookkeeping service that does all the hard work for you.

incfilebookkeepingservice

We’ll help you:

  • Ensure you’re compliant with all of the IRS and state DOR requirements.
  • Gather the right information to file your tax forms with the right agencies, in the right ways, at the right times.
  • Get access to easy-to-use bookkeeping software so you can understand your revenue, expenses, cash flow, transactions, balances and profits.
  • Get monthly financial reports to help manage the financial health of your business.
  • Enjoy unlimited bookkeeping and accounting support.
  • Maximize your expenses and write-offs to keep your tax bill down.
  • Prepare and file a federal tax return and one state tax return.

You’ll get a dedicated bookkeeper and a small business tax specialist. You can schedule as many tax consultations as you want, direct from your Incfile dashboard.

Take the stress out of your taxes by taking advantage of your free small business tax consultation.

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