Help & Info

For service specific FAQs, please see service pages.

Every business must file an annual tax return with the IRS, regardless of its activity status. Failure to do so can lead to penalties for both non-filing and non-payment. Additionally, businesses with non-US founders face significant automatic penalties for failing to file specific forms reporting foreign ownership. The best practice is to file annually and ensure timely submission to avoid these penalties.

A C-corporation must annually file a Federal return (Form 1120) along with associated forms, including informational returns for payments to non-employees. Additionally, a state tax return and possibly a state franchise tax return, depending on your registration, are required. You may also need to handle employment taxes for US-based employees and sales taxes. While these requirements may seem overwhelming, we offer assistance to navigate through them.

The federal tax requirements for an LLC depend on whether it is a Single Member or a Multi Member LLC.

  • For Single Member LLCs, they are treated like Sole Proprietorships, and typically file their regular 1040 along with Schedule C.
  • Multi Member LLCs are treated as partnerships and must file Form 1065. Each member then reports their share of profits or losses on their individual tax returns.

Additionally, you may need to file informational returns such as 1099s for payments to non-employees. A state tax return is also likely required, along with a State Franchise tax return if applicable to your registration state. If you have employees in the US or engage in sales, you may also need to handle employment and sales taxes.

Navigating these requirements can be overwhelming, but we’re here to provide assistance.

Bookkeeping serves two critical purposes for your business. Firstly, it helps you monitor key financial indicators such as profit, loss, and cash flow, enabling informed decision-making. Secondly, regular monthly bookkeeping ensures compliance by maintaining a clear financial record throughout the year, simplifying IRS tax reporting.

We adhere to strict IRS guidelines for tax preparers to safeguard your data. Additionally, we are currently undergoing a SOC2 Audit to ensure that both our systems and processes are designed to protect your information.

We can assist with late tax returns, amendments, State or Franchise taxes, and more. Please reach out to us, and we’ll gladly help! Once you contact us, we’ll ask you to send the necessary documents, and together, we’ll determine the best approach to resolve the issue.

Yes, the IRS has a very active and automated mail department.  They are quite quick to send out messages about penalties, non-compliance and the like.  We are happy to help in these situations.  The best thing to do is use our contact us page and send us the letter and we can work together to determine how to address the issue.

Important reminder: The IRS never initiates contact with taxpayers by phone; they always send letters first. Therefore, if you receive a call claiming to be from the IRS, it’s almost certainly a scam. These scammers often aim to gather sensitive business information. Stay vigilant and contact the IRS directly if you have any concerns.

Yes, if we make a mistake on your taxes we will fix it free of charge.

No, please don’t mail it or email it (neither are very secure).  The best thing is to upload it to our secure portal and then our team will have instant access to it.

We can cover lots of topics and help you gain a better understanding of how your business will be taxed and the implications.  Topics often include – tax strategy, explaining why you may have received an IRS letter, how fundraising will impact your business, and similar topics.  It can be super helpful to speak with a tax expert.

We are a remote first company, and have been since inception back in 2017.  We have team members in the US and abroad.  Our systems are designed for us to work with you regardless of where we are or where you are physically located.