FAQ
Quicklinks
How many people do I need in order to open a corporation?
What is a Register Agent on a Corporation?
What is included and how much do you charge to open a corporation?
Do You Have A Minimum Fee Or Consultation Charges?
Do You Prepare Personal Income Taxes?
Do You Deal With Non-Profit Organizations?
Do You Prepare Payroll Taxes Reports?
Do You prepare Sales Tax Reports?
I Owe Money To The IRS and can’t pay the full amount; Can You Help Me With This?
What is an offer in compromise?
What Is The Difference Between A “C” Corporation And An “S” Corporation?
What is the difference between INC. and CORP.
I don’t have a social security number yet, bud I did work in the U.S. Can I still file my taxes?
I received a letter from the IRS they are going to audit my income tax return, can you help me?
How are tax returns selected for an audit?
Do you handle electronic filings?
Do you have the program for refund anticipation loan (RAL)?
Do You Open Corporations?
Yes, we do open corporations. We file the required paperwork with the state, and then a corporation is opened.
How many people do I need in order to open a corporation?
In Florida one is O.K. Although a board usually has three positions, President, Secretary and Treasurer, one individual can occupy all of them.
What is a Register Agent on a Corporation?
This is a name and address of a person or entity living in Florida that can receive correspondence on behalf of the corporation. In most cases, the owner is also the Register Agent.
What is included and how much do you charge to open a corporation?
| When we open a corporation you get: | |
|---|---|
| $ 75.00 | Articles of Incorporation |
| $ 75.00 | Employer Identification Number (EIN, equivalent to your social security) |
| $ 75.00 | Sales and Use Tax Application |
| $ 75.00 | State Unemployment Tax |
| $150.00 | Corporate Kit |
| $ 75.00 | Corporate Seal |
| $ 75.00 | Stock Certificates |
| $150.00 | Name Search |
| $150.00 | Sample of Board Minutes |
| $ 75.00 | Form 2553 (S-Corp. Status, if applicable) |
| $150.00 | 1hr consultation to ensure you get the entity that suits you best |
| $ 72.95 | State Filing Fees |
| Priceless | More than 25 years of experience |
| $1,197.95 | Total |
| $747.95 | Discount 62.50% Savings |
| $450.00 | Your Price |
Do You Have A Minimum Fee Or Consultation Charges?
Yes, we have a policy of $75.00 minimum fee for every 30 minutes. However if you decide to do the work with us: file a tax return, open a corporation, bookkeeping, etc. at the same meeting, we do not charge the consulting fee.
Do You Prepare Personal Income Taxes?
Yes, we are a full service CPA accounting firm. We do prepare personal tax returns for the most simple to the most complicated tax situation.
Do You Deal With Non-Profit Organizations?
Yes, we do work with non-profit organizations. We handle non-profit situations from the creation all the way up to the regular maintenance of the organization. We have a complete package to help non-profit organizations be completely tax exempt on the income tax and sales tax.
We can help you with the 501C3, which is the tax exemption application for non-profit organizations. We presently have more than 25 non-profit customers within this category.
Do You Prepare Payroll Taxes Reports?
Yes, we do offer this as part of our accounting services. We help the clients determine how much they must deposit every month or pay period. We will help you comply with the requirements associated with the filing of the particular payroll tax form.
Do You prepare Sales Tax Reports?
Yes, we help clients with the sales tax report.
I Owe Money To The IRS and can’t pay the full amount; Can You Help Me With This?
Yes, we can help anybody who owes money to the government. We can assist with a payment plan or analyze your situation to see if you qualify for an reduced amount owed.
We will settle the debt directly with the IRS on your behalf. We analyze your situation and offer a compromised settlement to the IRS. We handle the complete negotiation on your behalf. In some cases, we can reduce your debt owed to the IRS to pennies on the dollar.
What is an offer in compromise?
An offer in compromise (OIC) is an alternative agreement between a taxpayer and the IRS to resolve a tax liability. The IRS has the authority to settle, or compromise, federal tax liabilities by accepting less than full payment under certain circumstances as follows:
Doubt as to Liability: Doubt exists that the assessed tax is correct.
Doubt as to Collectibility: Doubt exists that the taxpayer could ever pay the
full amount of tax owed.
What Is The Difference Between A “C” Corporation And An “S” Corporation?
The answer is related to tax matters. It is determined by how the IRS is going to view your situation. As a general rule, an “S” corporation is more convenient as you can legally eliminate double taxation. We need to evaluate if you qualify for this status.
What is the difference between INC. and CORP.
There is no difference. They are the same.
I don’t have a social security number yet, bud I did work in the u. s. Can I still file my taxes?
You do not need to have a social security number in order to file taxes. You are required to file taxes if you have any earned income inside the U.S. You must file taxes regardless of your immigration status. You can be a resident for income tax purposes, which means you must live in the United States more than half of the year and not have
a legal status for immigration purposes.
You may be required to apply for an ITIN (Individual Taxpayer Item Number). This is
a number the IRS assigns you in order for you do file you taxes if you do not have a social security number.
I have a visa to work. I came to work in America and I brought my family. We are here legally, but I am the only one who has the social security. Can I include my family on my tax return?
Yes, this is because they are related to you, they live with you, and depend on you. Since they don’t have a social security number they will apply for the ITIN when you file your personal tax return.
Form W-7 will be prepared for each ITIN applicant, they will be attached it to the tax return, and send it to a specific IRS address.
I received a letter from the IRS they are going to audit my income tax return, can you help me?
Yes, we can represent individual and business taxpayers on audits with any government agency. The process starts with a meeting to ensure we can help you. Then we established an action plan and go to the different meetings with the auditor.
How are tax returns selected for an audit?
There is three ways the IRS selects tax returns for an audit:
- At random.
- By industry. Sometimes the IRS looks closer at certain industries, like LLC’s and self-employed type businesses.
- If your tax return is suspicious in nature. If you tax return has too many red flags, such as too many deductions in regards to the income reported – it is a clear indication your tax return needs a closer look by the IRS.
Do you handle electronic filings?
Yes. We file returns electronically
Do you have the program for refund anticipation loan (RAL)?
Yes. We are authorized to participate in this program. We electronically transmit your return from our office to the bank and the IRS. The benefit of this program is the customer receives their income tax return within 24 hours thru a RAL. There is a fee for this service.
Do I need to apply for a sales tax number?
In general, you will need a sales and use tax number if you are engaged in any business activity which will normally collect sales tax. There are exemption as to when to charge or not sales tax.
What is Workers Compensation Insurance?
In general, the Workers Compensation Insurance is an insurance required for any time of business that have four or more employees to cover for accidents on the job. The insurance requirement and rates are dictated by the state government, and the actual policy is offered by the private sector.
