Once you form an LLC, it’s best not to do your taxes yourself, but invest in hiring a professional. Abbo Tax CPA is a San Diego CPA Firm specializing in helping San Diego business owners with their tax needs.
Business taxes are complicated, and there are several steps to making sure that they are done correctly.
Depending on the business, you must register your LLC with the state’s finance department.
You also must file annual state income taxes and other tax documents, depending on the structure of your business and whether or not you have employees.
Calculating your tax obligations can be overwhelming, and if done improperly, can negatively affect your LLC.
Hiring a CPA will not only help keep your LLC in compliance with the state, but it will also give you a reliable resource to go-to for other business tax-related questions.
CPAs can prepare tax documents, file tax returns, and provide tax planning advice to help you plan on how you can minimize your tax liability for the next year. CPAs can also represent you if the IRS has questions about your return or if you are ever audited, which is an important consideration.
Whether your business turns a profit or loses money, you still must file tax documents every year. A CPA can walk you through the many forms and ensure that everything is organized and filed correctly.
Tax preparation for your business is not something to be taken lightly. If you want to run a serious business, and not get into trouble with your state, you should obtain help in filing your taxes correctly.
You’ll want someone who is a good fit for your company, makes you feel comfortable and will answer all of your questions.
Your business is one of the most important investments you will make in your lifetime. When hiring a CPA, you are paying not only for their expertise but for peace of mind that your taxes will be filed in an accurate and timely manner.
If you have an LLC in the San Diego area, call Abbo Tax CPA at (619) 269-8190 to find out how they can help with your tax needs.
