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Showing posts with label Atlanta IRS tax help. Show all posts
Showing posts with label Atlanta IRS tax help. Show all posts

Thursday, March 27, 2014

Don't Fall Behind in Paying Your Small Business Taxes

Small and large businesses are
required to make scheduled
reports to the IRS.
Payroll taxes are all taxes that are collected, by federal, state, and local governments, based on salaries and wages paid to employees. These taxes must be withheld from wages by all businesses that have employees. 

These taxes are remitted on a monthly or semi-weekly basis, depending on the quantity owed. 

Businesses are also required to make regularly scheduled reports to the Internal Revenue Service (IRS) and to state and local taxing agencies about the amount of taxes owed and paid. Self-employed persons are responsible for paying their own payroll or income taxes directly to the appropriate taxing entity.

  • Call GBC Services today for all your IRS needs at 678-366-9232.

Many small businesses fall behind in paying these taxes or filing the associated reports at some time during their existence. Such an error is, however, very costly because significant interest and penalties apply for late payment or nonpayment of payroll taxes.

READ MORE from Inc.com
Inc.com
Business Taxes 
Tax Withholding 
Electronic Tax Filing
Tax Preparation Software

Thursday, March 20, 2014

Professional IRS Representation for Your Small Business Needs

GBC can help your company
with payroll tax problems.
There is a few things you should know about payroll taxes though, crucial knowledge that could help you avoid legitimate problems with the IRS as long as these rules of thumbs are followed and guidelines applied.

First things you need to know before getting Atlanta IRS representation is what to hold back from every employee's paycheck:
  • Federal (and if applicable state) income taxes
  • FICA contributions (for such programs as Social Security and Medicare) 
  • READ MORE ABOUT FICA  

Other important notes for an employer to know to help them with their Atlanta payroll tax problems: 
  • How much income tax to withhold depends on the numbers of exemptions claimed by the employee.
  • FICA contributions from a percentage of gross earnings earned by the actual employee in which you must either match to a certain percentage, or fully.
  • Use a federal tax deposit form with your payment (makes things way easier)
If you do not send these to the IRS, then you may indeed find yourself needing Atlanta IRS representation.  The Atlanta IRS requires this information by federal law, so it is best to make sure you send it over:
  • Form 941 Employer's Quarterly Federal Tax Return. Form is filed every 3 months whilst your business maintains employees. This report shows the employees' federal income tax and FICA withheld for the previous quarter.
    Download Form 941
  • Form 940 Employer's Annual Federal Unemployment Tax Return or FUTA. Filed once a year, and is used to calculate federal unemployment tax. It is important to note that the FUTA tax is paid by the actual business and is not withed from the employee's check.
    Download Form 940
If you find yourself failing in this area of Atlanta IRS representation for your business, do not fret. The Atlanta IRS has reported that the vast majority of businesses are often late, or mess up, their taxes. While the Atlanta IRS considers payroll taxes the most serious of all the tax debts, often they will be willing to work with you as long as you pick the correct Atlanta IRS representation.  

Be careful with payroll taxes, as Atlanta IRS collectors can be extremely tenacious if you owe any payroll taxes whatsoever. 

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!

Thursday, March 6, 2014

Atlanta IRS Solutions...GBC Services Can Help You With IRS Problems

Always fill out tax
forms at the earliest!
IRS problems are extremely unsettling. 

While you are likely to feel panicked and overwhelmed, following the steps below will assist in solving your tax issues in a timely fashion.

Do not let a notice from the IRS sit around without taking action. 

The notice will contain a payoff date for any liability noted. A timely resolution to your problems is crucial to minimize the effect of penalties and interest on this and any money you owe.

  • Read the IRS notice several times. The notice will be difficult to fully understand if you read it only once. 
  • Make notes on what the IRS is asking for, including the tax year the notice...

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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Monday, February 10, 2014

Press Release: Ghassan R. Ghraizi of GBC Services, LLC Authorized as Certifying Acceptance Agent for the IRS



FOR IMMEDIATE RELEASE
Ghassan R. Ghraizi  of GBC Services, LLC Authorized as Certifying Acceptance Agent for the IRS

GBC Services, LLC., has long been a leader in Atlanta's financial sector, providing stellar services in the realm of tax preparation, human resource management, business consulting  and payroll services.
This is perhaps why GBC Service's own Ghassan R. Ghraizi was able to secure a brand new classification as  a Certifying Acceptance Agent for the IRS. As a Certifying Acceptance Agent, Ghassan R. Ghraizi is able to assist foreign nationals and aliens who do not qualify for a Social Security Number (SSN) by providing them with an Individual Taxpayer Identification Number.
An Individual Taxpayer Identification number, or ITIN, is required for foreign persons for federal and state individual income tax reporting. An ITIN does not authorize individuals to work in the US however, nor does it provide eligibility for Earned Income Tax Credit or Social Security.  ITIN's are also issued regardless of an individual's immigration or alien residency status. 
Individuals who are most in need of an ITIN are: Non-residents who desire to file tax returns but are not SSN eligible, a U.S. resident alien (this classification is often based on the number of days one has been in the U.S.), dependent or spouse of a US citizen or resident immigrant who is not SSN eligible and for those who are dependents and spouses of a non-resident via holder.  Unless there is a special exception, all above individuals should have an ITIN.
As a Certifying Acceptance Agent with years of applied experience in the tax preparation field, Ghassan can help assist foreign nationals and immigrants who have to apply for an Individual Taxpayer Identification Number. 
Providing crucial financial services is what GBC Services, LLC., does best.  Now, as a newly appointed Certifying Acceptance Agent,  Ghassan R. Ghraizi can  also give foreign clients  support when it comes to putting down roots in a new land.– wc 306

Contact:

Ghassan R. Ghraizi
GBC Services, LLC
Certified Public Accountants
1950 North Park Place SE
Suite 150
Atlanta, GA 30339-2097
678-366-9232






Wednesday, October 30, 2013

Part 2 of 2 - The IRS Audit Monster – What Are the Chances of You Running into the Beast?

Avoid the headache -
Hire Real IRS Representation
The top 10 signals that send out red flags that alert the IRS audit monster to your business:
  • Inaccurate W-2/1099 reporting
  • Itemized deductions that are overly excessive
  • Hiding your cash receipts
  • Large charitable deductions
  • Informant
  • Large business expenses
  • Previous history of tax problems or IRS audits
  • Complex investment transactions
  • Complex business transactions
Depending on your business, you may have some of these red flags already lurking in your business. Some of them might be there and you may have no idea they exist until you get some real IRS assistance. Getting real IRS assistance means hiring real IRS representation, not just “googling” for answers that can help you solve your IRS trouble. Instead, get a professional who knows all the policies and laws for your area.

One of the best firms around when it comes to IRS representation is GBC Atlanta Income Tax Services, think of them as the light that can help frighten away the IRS audit monster.

Give GBC Atlanta Income Tax Services a call right now for the proper IRS representation and avoid the headaches of any further IRS troubles.



Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!

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Wednesday, February 20, 2013

Advice On Dealing With The IRS from eHow's Money Section

Read Notices from the IRS
Immediately and Thoroughly
IRS problems are extremely unsettling. While you are likely to feel panicked and overwhelmed, following the steps below will assist in solving your tax issues in a timely fashion.

Do not let a notice from the IRS sit around without taking action. 

The notice will contain a payoff date for any liability noted. A timely resolution to your problems is crucial to minimize the effect of penalties and interest on this and any money you owe.

  • Read the IRS notice several times. The notice will be difficult to fully understand if you read it only once. 
  • Make notes on what the IRS is asking for, including the tax year the notice...

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!

Wednesday, January 16, 2013

How to Find the Right IRS Tax Representation in Atlanta Georgia

Find the Best Atlanta
IRS Representative at GBC
It's time for you to find the right IRS tax representation in Atlanta Georgia. 

Taxes can be complicated, frustrating, and leave you a wreck for days, but just imagine you find out you are going to get a visit from the tax man or that something was wrong with what you sent in. Now the real panic sets in!

What can you do in such a crisis?
In order to hire the right person, you need to know what a tax rep can do for you. Here are some things to look for when searching for experience Internal Revenue Service Representation:
First of all, if you owe outstanding Georgia taxes, your representation should be able to help you reach a reasonable compromise. What questions will they consider to help find a middle ground between you and the IRS?
  • Is the amount of tax being required the correct amount?
  • Could you ever conceivably pay the tax owed?
  • If the answer to both is affirmative – would paying back the outstanding debt place you under extreme financial burden. 
  • Visit the IRS website. 
Since the government rejects the great majority of attempts at compromise, be certain to find representation that will pre-qualify the request. That way you are not wasting your time and even more money getting together the needed information to present your case. Which income tax documents and forms are needed?
  • Form 433-A Collection Information Statement for Wage Earners or Self-Employed Individuals
  • Form 433-B Collection Information Statement for Businesses
  • Form 656 Offer in Compromise 
  • Visit the IRS website. 

Of course depending on whether you are self employed or are running a small business that will determine which of the first two forms you will use.

Another sticky Internal Revenue Service situation arises when you can't pay your taxes on time in full. Does the government offer payment plans? While it isn't generally advertised, a representative can help you to set up a reasonable monthly plan. Look for someone who can:
  • Help with Form 9465 which is a request for a payment plan
  • Help you avoid interest and late fees by encouraging you to scrounge up as much as you can for the initial payment
  • Contact you immediately when they hear back from the IRS regarding whether your request was accepted or denied, or if you need to provide additional information 
  • Visit the IRS website. 

Your tax representation also needs to have a good grasp on penalties. Do they know the penalties for:
  • Failure to pay
  • Inaccurate filing
  • Understatement of the amount due
  • Late filing
  • Fraud
  • A frivolous return (not enough information to verify tax amount due)

There are many situations in which you would need Atlanta IRS tax representation.
Be sure to find someone who has experience in the aspect of tax law that you need assistance. Since you probably don't want to flash around problems with the IRS, the best way to find your representation is online. But if you happen to know someone who has had a problem in the past, word of mouth usually makes for good recommendations.
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