Resources

IRS:  800-829-0922

IDOR:  317-232-2240

Bookkeeping focuses on recording daily financial transactions, while accounting interprets, classifies, and summarizes financial data to create reports, perform audits, and provide tax planning strategies. Both are essential for maintaining a healthy financial record, but accounting provides deeper insights for business growth.

Tax planning helps your business by strategically managing liabilities, maximizing deductions, and ensuring compliance with changing tax laws. A year-round tax plan allows you to forecast your tax obligations and make adjustments that align with your financial goals.

Outsourcing payroll ensures accuracy, compliance with tax laws, and frees up time for business owners. With expert payroll services, you avoid costly mistakes, ensure timely payments, and streamline tax filings, helping your business run more efficiently.

It’s recommended to update financial statements monthly. Regular updates help maintain accuracy, provide insights for budgeting and forecasting, and ensure your business is prepared for tax filings and financial audits at year-end.

Small businesses often encounter issues with payroll tax mismanagement, incorrect filing statuses, or underpayment penalties. Having expert tax resolution services can help quickly address IRS audits, tax debt, and misfiled returns, keeping your business compliant.

Accurate bookkeeping provides clear insights into your business's financial health, helping you manage cash flow, track expenses, and make informed decisions. It ensures compliance with tax regulations and simplifies financial reporting, which is essential for long-term growth.

Payroll tax deadlines vary based on your payroll schedule. Typically, federal and state taxes must be deposited monthly or semi-weekly, with quarterly payroll reports (Form 941) due at the end of each quarter. Accurate and timely payroll services can ensure compliance with these deadlines.

Yes, tax resolution services can help resolve liens or levies by negotiating with the IRS on your behalf. We work to remove liens, set up payment plans, or reduce penalties, providing peace of mind as you settle outstanding tax debts.

Accounting services provide detailed financial reporting and cash flow analysis, helping you plan for expansion, secure funding, and manage growing expenses. With accurate financial data, you’ll be prepared to make informed decisions about scaling your business.

If you receive an IRS notice, it’s essential to act quickly. We recommend contacting our tax resolution team to review the notice and address the issue promptly. Whether it’s a simple correction or a more complex audit, we’ll provide expert guidance to resolve the situation.