Achieving your tax objectives in today's ever-evolving global landscape requires experience and foresight. Make the best decisions to strategically move your business forward with confidence.
Get your IRS Form ready with maximum deduction to save your taxes.
A business entity should pay these taxes in the form of Estimated Tax Liability in the year in which the income earned. After the tax year is over, the business should file the annual tax returns as follows.
A business entity with employees are required to pay employment taxes such as withholding and pay federal & state taxes on the employees pay, paying and reporting FICA taxes ( Social Security tax & Medicare Taxes) and Unemployment Taxes.
Also, a business should file quarterly Federal tax returns – Form 941 and annual FUTA tax return – Form 940 apart from the annual Federal and State tax returns.