Tax Preparation Outsourcing in the US: Tips by Accounting Experts Before planning any business or start-up, one must be well aware of the tax laws. When you head to obtain the federal identification number, the authorities may ask you various questions in the application phase, like how you want to be treated for a tax purpose and more. You must be familiar with terms like LLC, C-Corp and S-Corp. Starting your own business, you need an expert in preparing and filing tax returns. Hiring an accountant in-house is great. But one individual sure cannot do what experts can!
Filling the wrong tax figures can prove fatal and hinder the success path of your company. Moreover, it may compel an investigation by the Internal Revenue Service. Glocal Accounting is renowned for tax preparation outsourcing in the USA. Our experts stand with you and actively seek out your best interests, biggest refunds and smallest legal tax liabilities. It is advisable to look for a tax expert to guide you from the initial stage of the application phase. For example, you need to answer LLC-related questions during the application phase. If you elect to be treated as a corporation, it would be C-Corp or an S-Corp. If you were to be S-Corp, what would be the reasonable salary you would pay? We know that maximum startup entrepreneurs are not prepared to answer such questions.