
Concentrating on only so many areas allows us to add value for less fee than every larger firm would charge. Know that the Tax Cut Act of 2017 has changed your world.
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Certified Public Accountant with over thirty years of experience in public accounting. You really want someone like Frank on the job with your taxes. Frank also holds a license to sell Life Insurance, Annuities, Health Insurance, Disability Insurance for individuals and employers. His motto goes something like.
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Mention the word taxes and many people start sweating. The maze of tax forms you must wade through can seem overwhelming, and following the rules can seem impossible. But take heart: The Internal Revenue Service (IRS) has worked hard in recent years to try to simplify the process for most taxpayers.
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A limited liability Corporation. This type of entity is a flow through entity. For more complicated partnership arrangements it offers some advantages. The IRS has now allowed these types of entities to report income on a form 1120S. This is big deal. For someone who is profiting and needs a LLC (over a Subchapter S corporation) this choice of filing becomes the best of both worlds. Know that in Illinois there is a franchise fee of $250 a year which is $100 more than what a 'regular' corporation would pay.
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