Save Time And Money by utsource Your Payroll Services

Payroll management is a time-consuming activity,
removing this burden can allow your employees
to focus on more productive items.

There are numerous benefits to hiring an accounting firm offering payroll services in Atlanta that many small businesses may not be aware of.

While on the surface it appears that doing payroll, taxes and other accounting-related services yourself saves money, in reality, this simply may not be the case.


At GBC Payroll of Atlanta, we provide both large and small companies with the accounting tools they require to keep their business running smoothly.

You don’t have to command a league of thousands to find yourself in need of payroll management services.  With skilled professionals at your disposal, you can be assured our expert team of financial consultants will happily assist you with the customization of payroll reports, time sheet filings, and federal and state tax reporting.

 Our job is to relieve you of the day to day burdens associated with payroll processing.

GBC Payroll saves you time and money by providing you a full and accurate payroll service with exceptional customer assistance, low cost preparation, and timely filing of federal, state, and local payroll taxes. We handle your tax deposits and payroll paperwork electronically which frees you of the worries regarding penalties and late fees.

If a good portion of your day is spent taking care of time-consuming enterprises like bookkeeping, ledger balancing, and employee worksheet maintenance........

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READ MORE

• GBC Payroll Services' Website   
• About GBC Services
• Payroll Taxes and Your Business
• Helpful Payroll Related Articles
• GBC Tax Income Atlanta Office
• Chartered Global Management Accountant (CGMA)
  American Institute of Certified Public Accountants (AICPA)
  GBC Services LLC, Tax Accounting Services for Atlanta GA
  GBC Press Release : MORE

Find GBC Services Atlanta Tax Accountants On LinkedIn - Make A Connection

Finding the right certified public accountant for your company’s crucial tax preparation and accounting needs is essential to maintaining a tax compliant status. Rely on the superior accounting experts at GBC Tax Services to get the job done, on time, every time.

GBC Tax Services of Atlanta‘s reliable accounting practices allows your onsite accounting staff to focus on other critical aspects of running your business. This in turn will increase employee productivity, assisting in the goal of greater profit turnover. GBC Tax Services can also be integrated into your current accounting procedures, with cost-effective payroll packages that further decrease company workloads.

Ghassan R. Ghraizi
Team Leader at GBC Services,  LLC.,
Atlanta, Georgia (Greater Atlanta Area) | CPA

Currently leading financial operations at GBC SERVICES, LLC.,  Ghraizi's experience  is varied and extensive.  This fact is perhaps what lends to his talent in providing superior service in the realms of business oriented finance  and human resources  database management.

With such an impressive, well documented work history, there is very little doubt that Ghassan Ghraizi has the knowledge and know how to help clients get the most out of their accounting experience.

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READ MORE GBC Tax Services Website
For All Your Accounting Needs Call GBC 678-366-9232
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Atlanta Georgia Income Tax Preparation,
With GBC Services income tax preparation services, you can rest assured that your taxes will be done right and on time every time.
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Capital Gains In Your Retirement Accounts

Information about capital gains can be kept in
various ways accurately and efficiently.
When in doubt, ask your tax advisor!

It’s likely that you’ve had some capital gains. 

Most of the information about capital gains comes from brokerage firms where you keep your investments; but, your capital gains in your retirement accounts are generally not reported unless you've started receiving distributions from them. Other information comes directly from you, the taxpayer.

Keep in mind the following facts:

• The tax rates on capital gains are less than the tax rate on ordinary income. Most commonly, they range from a maximum of 15% to zero. There are special types of capital gains that are taxed at 25% or 28%.

• You can take a net capital loss on your tax return, but that loss can only reduce ordinary income, like your wages, by $3,000, and losses in excess of that amount are carried forward to the following year. Married taxpayers filing separately are limited to $1,500 per year.

• Net capital losses that exceed the annual limit are carried forward to the following year and treated as if incurred in that year.

There are other technical details that might only interest your tax advisor, but here’s what the IRS expects:

1. Anything you own, whether it’s for business, for pleasure, or for investment purposes, is subject to capital gains tax. Everything.

2. You must report all capital gains.

3. You cannot deduct and therefore do not report capital losses on property held for personal use.

As the summer heats up and you decide to get rid of the collectibles piling up in your garage or in some rented storage place, as long as you don't make a profit from selling your stuff, there's little chance that the IRS will audit your failure to report your yard-sale operation; but, just remember that the IRS can.

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Atlanta Georgia Income Tax Preparation,
With GBC Services income tax preparation services, you can rest assured that your taxes will be done right and on time every time.
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READ MORE about his experience and skill set:

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

• GBC Tax Offers Atlanta Experienced IRS Representation
• Essential Financial Services
• Tax Requirements By State
• Visit the Internal Revenue Service's Website
• GBC Audit Services

Proper Tax Filing in a Gig Economy

The modern economic landscape is shifting
so abruptly, a small business owner in a gig
economy may falter or misfile, prompting an audit.

Trying to keep abreast of the various ins and outs of tax filing is daunting enough, but can be especially problematic in a gig  economy.

What the heck is a gig economy you ask?  

As the name somewhat implies, it is an economic period where permanent work becomes scarce and most companies rely on hiring independent contractors and temp workers to get corporate work done. 

As can be expected, this makes for uncertain influx of income forth bother employers and employees.

Our current economic climate not only alludes to this growing trend, but it also indicates that it may become a permanent fixture in the corporate sector. A recent study by Inuit indicates that 40 percent of  US based workers will identify as independent contractors by 2020.  There are a number of reasons for this, from  the prevalence of online  jobs, remote  work and tiny entrepreneurial companies that are fueled by internet traffic or revenue sharing ventures.

With so many online businesses, usually sole proprietorships, being established, entrepreneurs will find themselves challenged  on how to adequately file their taxes and avoid the kind of red flags that prompt an IRS audit.  Adding to the potential of an Internal Revenue visit is how relatively new the phenomenon is.  Government agencies are usually slow to adapt to economic and social changes, so they may not have systems in place dedicated to the growing number of gig economy based set ups.

The biggest concern for an e-commerce company, particularly if it is a sole proprietorship or LLC, is the proper reporting of income. 

The best way to ensure proper filing is to do so via the 1040 form, the standard tax return for independent contractors. If the business is technically diversified . e.g., you create arts and crafts as well as sing on the weekends in a money making party band, the business owner will have to keep separate records from each enterprise and designate their income separately on both state and federal forms.

Because the modern economic landscape is shifting so abruptly, a small business owner in a gig economy may falter and even misfile, prompting an audit. To avoid this pitfall, such companies may need to rely on a reputable accounting firm to handle their taxes. A reputable company will offer packages that suit the needs of a wide variety of business. When investigating an accounting firm, ask relevant, in depth questions to see if they understand the specific needs of an independent contractor who is subsisting within a gig economy structure. By hiring knowledgeable accounting pros, an independent contractor can remain reasonable free from the threat of an IRS audit, which will grant peace of mind to any business owner, in any type of economic climate.

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READ MORE

• GBC Payroll Services' Website   
• About GBC Services
• Payroll Taxes and Your Business
• Helpful Payroll Related Articles
• GBC Tax Income Atlanta Office
• Chartered Global Management Accountant (CGMA)
  American Institute of Certified Public Accountants (AICPA)
  GBC Services LLC, Tax Accounting Services for Atlanta GA
  GBC Press Release : MORE

The Importance Tax Planning for Small Businesses

Your blood sweat and tears go into maintaining
your small business. Protect your time and money
by hiring an external accounting firm.

Unlike most mega corporations, small businesses don't have a team of accountants and lawyers to consult when hit with a IRS audit. 

This is among many reason why a small to moderate sized business should retain the services of a reputable accounting firm.

A reliable and historically proven  accounting firm, such as GBC Taxes Atlanta, would act  on your company's behalf if you ever find yourself  in need of assistance during or after an IRS audit.

Of course it is also prudent to avoid  getting audited altogether. The best way to do this is to outsource your financial  preparations for quality record keeping.  Even with dependable in house  accounting staff on hand, you will need a second pair of eyes to keep the tax man at bay.

Human Factors and Financial Accounting

The problem with relying solely on  company  finance officers is the principle of familiarity breeds contempt. It's not that the staff CPA's will consciously try to sabotage records, it's just that, being human, they will become comfortable with  the daily routine  of the office.  Such comfort has it's draw backs and minuses.  On the one hand, its good to have happy and satisfied workers--this makes them more likely do their jobs well in an effort to  remain employed.

The down side--in such an atmosphere it can become rather easy to become complacent, skipping over imperative details that  can provoke an  Internal Revenue investigation when tax time comes around. Besides, it never hurts to give your internal  ledger keepers a helping hand.

Maintenance and Record Upkeep

Another potential issue with in office record keeping is the propensity to lose all important paper work and documents.  This of course becomes an issue in during an audit where relevant  information  can make the difference between a loss of hundreds or even thousands of dollars into government coffers.

Knowing what these trends are can also e assist in cultivating  business planning that helps your company, and it's assets, grow.

When  small business outsource their financial record keeping for tax related purposes, they  have the added security of knowing pertinent information is being stored for easy accessibility when need be.  It's like having a back up, fire proof safe  at the ready in case of an emergency.

Business Planning and Updating

Because tax preparation and filing is the focus of any good accounting firm, they will be more likely  know what the current IRS regulations are, especially in terms of small businesses. This is essential, as governmental procedures can change annually depending on global and domestic economic climates. 
Your blood sweat and tears go into maintaining your small business. Protect your time and money investment and ensure long term viability by hiring an external accounting firm to fulfill all your  important  tax related needs.

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

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When seeking the assistance of a Certified Public Accountant, experience is key. GBC Services CEO Ghassan R. Ghraizi has the education  and proven commitment  to  providing superior customer service and cutting edge accounting technologies. To learn more about  this highly qualified Atlanta based CPA, contact Ghassan R.Ghraizi  today.

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READ MORE

• About GBC Services
• GBC Audit Services Website
• Visit the Internal Revenue Service's Website
• GBC Tax Income Atlanta Office

Online Payroll Processing and Human Resource Management System Specialists

IRS and Small Business Owners IRS Alert

If you run a small to moderate sized company,
outsourcing options as a means to protect your
investments on the in case of IRS prompted audit.

Many small businesses suffer from the misconception that only big corporations have to worry about exhaustive IRS audits. 

Nothing can be further from the truth.


Why?
The Internal Revenue Service utilizes a different set of criteria for evaluating moderate and small businesses, so there are numerous things that can red flag your company for potential governmental scrutiny that are unique to typical mom and pop ventures.

The most common issue  that creates unwarranted suspicion is the filing of numerous tax deductions and exemptions.  Even if such deductions are legitimate, far  too many of them may  give the IRS the impression, mistaken or other wise, that you are playing fast and loose with tax loopholes, shelters and write offs.  To reduce potential risk of an IRS audit in this regard,  you may wish to mitigate the numbers of deductions you indulge, taking due care to keep all receipts  and documents on hand.  This measure may not only keep you from getting audited, but may very well assist in keeping the business in the black should you wind up  being the unwitting participant of  an IRS evaluation.

Another potential problem that may be more specific to smaller and mid sized business is the correspondence audit. 

Moderate sized companies are in greater danger.

Especially this type of review due to the fact that this type of IRS evaluations focus primarily on  red flags that are specific to more diminutive enterprises. In many cases,  this style of audit may not require a face to face meeting and can be disputed in an informal setting.

Another way to keep the tax man at bay is to outsource your major accounting work. Even if you have an in house bookkeeper or a reliable on staff finance team, it is always a good idea to have another pair of eyes evaluating your books. Not only does it guarantee your financial records will be maintained, it allows for pristine record keeping that reduces IRS related inquiry.

Outsourcing may be especially needful if you undergo a correspondence audit and decide to dispute the outcome. 

Even though these kinds of IRS audits are largely handled via snail mail, they can still be costly and problematic to a small company's bottom line when contested.   Companies that routinely outsource with reputable accounting firms will be able to utilize reliable CPA's to represent them in Tax Court. Additionally, the company will be familiar with your company's in house finance paradigm and can utilize this knowledge to assist you in the pursuit of your goals.

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READ MORE

• GBC Tax Offer Atlanta Experienced IRS Representation
• Visit the Internal Revenue Service's Website
• Atlanta Income Tax Preparation Services
• GBC Tax Income Atlanta Office
• Commonly Used Tax Forms
• Contact GBC Income Tax Services Today! 
• Payroll Taxes for Your Small Business

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

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