Services We Offer
  Tax Preparation and Filing

Whether you’re a self employed individual or filing as a corporation, get peace of mind with taxes done correctly and efficiently. (Get More Info)

  IRS Tax Problems Resolution

Whether you’re facing tax levies, liens, or garnishments, don’t face the IRS alone. We may even be able to arrange a reduced payment. (Get More Info)

  Business Registration

Need help registering your new business as an LLC, corporation, or partnership registration? Keep it simple – let us help! (Get More Info)

  ITIN Application

Do you need an Individual Tax Identification Number(ITIN)? We are authorized by the IRS to assist you in obtaining one. We can help! (Get More Info)

  Accounting and Bookkeeping

If you’re not a bookkeeper or accountant, spending time on this task is decreasing your profits! Our services can help your business grow! (Get More Info)

  Payroll Processing

Payroll is a hassle and a huge time drain for small businesses. Let us help with all aspects of your payroll processing (Get More Info)

  Notary Services

When you need notary services, we’re your trusted partner. We provide fast service for your notary needs. (Get More Info)

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Streamline your filing process and avoid the risk of process glitches. We can help you.

Contact Information
KF Tax & Accounting, P.C.

1970 Rawhide Drive, Suite 204
Round Rock, Texas 78681

Tel:  512-244-1516
Fax: 512-244-1567

Email: enquiries@kftaxandfinancials.com
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Federal Tax Help for Business Owners

Posted by kftaxaccounting2014 on May 11, 2015 in Uncategorized | 5 comments

Are you a business owner that needs federal tax help?

If you are a small business owner,you should know the IRS always have you in mind,IRS wants you to thrive and excel.There are some programs and awareness set aside for small business owners,some of which includes educational products,webinars,videos and a lot more.And also in recognition,May 4-8, 2015  was set aside as small business week to celebrate and highlight its importance.

Some of the topics discussed in the webinar are;

  • Accounting Method:You need to know there are certain rules that governs when to report your income or expenses.There are different accounting methods and period but mostly small business owners uses the cash method.Under the cash method You have to report income the year you receive it and then deduct the expenses the year it is been paid.
  • Business Taxes:The income tax,self employment tax,employment tax and the excise tax are the four types of business taxes in general.In your business if you are making profit it is pertinent on you to pay the self employment and income tax and this may be done by using the estimated tax payment.
  • Tax Forms:If you need to report your self employment taxes you will need either to file the schedule C(profit or loss from business) or the Schedule C-EZ(Net profit from business)using the Form 1040.Your expenses and certain conditions will determine which of the forms to use.
  • Allowable Deduction:You should know you are allowed to deduct expenses paid to run your business.Either ordinary or necessary expense incurred can be deducted.
  • Business Use of a Vehicle : If you use your car or truck for business,you may be able to claim the cost used to operate the vehicle for the business use.

To learn more about the tax benefits you deserve and a lot more see webinar. And if you need to talk to a tax expert about it,we are here for you!

 

 

 

Director, Tax and Accounting
Tax Accountant specialized in Tax Accounting, IRS Representation & Resolution of Complex Tax Matters, Individual and Corporate Tax planning, and Tax Advisory Services.

Specialties: Tax Resolution, Tax Planning, Financial Planning and Analysis, Budget Management, Payroll Management, Cost Management and Optimization, SAP, Oracle, Hyperion, PeopleSoft

5 Responses to Federal Tax Help for Business Owners

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    • kftaxaccounting2014 says:

      Hello,
      Thank you for liking our post.
      I will suggest you try Yahoo directory listing, but that is if you think its worth it.
      I hope this helps?

      Best,

      For KF Tax & Accounting P.C. Team

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