A tax return is a form documented with a tax authority that reports income, budget, and other
relevant tax details. It allows taxpayers to compute their tax liability, plan tax payments, or
request reimbursement for overpayment of taxes.
In most countries, tax returns must be filed annually for an individual or business with allowable
income, including salaries, interest, dividends, capital, gains, or other profits.
Tax returns are customarily devised using forms prescribed by the IRS or other apposite
authorities. The tax return process is mandatory for every private citizen or business owner at
least once a year.
Generally, a tax return starts with the taxpayer providing personal details, including their filing
status and reliant information.
The Tax Cuts and Jobs Act was written into the law in December 2017. It makes a vast amount
of changes to income tax, estate tax, and even gift tax. You can take advantage of the benefits
offered by the legislation through various techniques. However, to execute those techniques, you
require proper tax planning and preparation.
Here, at Accurate Tax Firm, we have professionals who have extensive knowledge of laws and
regulations. They know when and how to use that knowledge for maximum benefit.
Since filing for tax returns requires some special planning and preparation not everyone is
capable of doing it. Proper experience and qualification are needed to properly deal with tax
returns.
Therefore, Accurate Tax Firm provides Tax Return Services to all sorts of corporates or business
owners with well-experienced accountants and tax return agents who are aware of various
efficient techniques to ease some of your responsibilities
.
Our job is to ensure not to waste your time and resources. Contact us now through secure client
portals, and safely fill in relevant financial information!
Following are the reasons, it is important to complete this annual obligation and fend off
auxiliary debt.
A penalty can apply to those who have not filed income tax returns for several years. Moreover,
the Department of Justice can charge fines for failing to file an income tax return.
IRS go after unpaid taxes, beginning with simple reminders, letters, and emails to all your assets
seized and rendering you with no choice but to declare bankruptcy, in extreme cases. To avoid
all these circumstances, we are here to guide you in filing a tax return.
It is recommended by the IRS, that filers keep tax returns for a minimum of three years while
other factors may require further extended retention. In case, there are errors in the tax return, it
should be amended and submitted to correct the disparity.
Another drawback of failing to file a tax return is that the person could be depriving themselves
of supplementary revenue for which they are generally eligible. On account of their personal
situation, they may be eligible for a family allowance, GST credits, the Trillium Benefit
(Ontario), the solidarity tax credit (Quebec), or many other different allowances.
Our Tax Return services ensure not to allow any dire circumstances to come to pass in your
business. We back you in numerous ways of resolutions like:
· Ending a wage ornamentation
· Releasing a tax lien
· Resolving back taxes definitively
Tax return for businesses is a very critical annual obligation that needs to be considered
carefully. In the management of over-going taxes, you risk losing profits while handling lesser
taxes, you risk non-compliance.
Avail the services of Accurate Tax Firm to ensure you never miss a tax deduction, all along
complying with the traditional laws!
The importance of tax returns for individual citizens is similar to what it is for businesses.
Without exploiting your budget, Accurate Tax Firm can take all the stress that comes with tax
filing from you.
We promise proficient handling of all the matters related to personal tax returns!
Accurate Tax Firm has enough potential and expertise to manage all your taxes, whether they are
on the State level or Federal level. Following are some of our services:
· Sales and Use tax services
· Tax incentive analysis
· Nexus filings and more!
Let us assist you in decreasing the effective tax rates for your business within the legislation
rules!
Some people don’t file tax returns on time and they realize their mistake later. Accurate Tax
Firm offers assistance in filing for the earlier unfiled returns. Numerous methods can be used for
resolutions, one of which is installment agreement or remission for taxes.
Contact us now and ease your difficulties!
Accurate Tax Firm provides a Fresh Start program for individuals and businesses to help them
pay their back taxes and reduce the number of tax liens issued. Any taxpayer who owes more
than $50,000 in back taxes can apply for a streamlined installment agreement with the IRS. Such
installments can allow you to easily manage large amounts of money and pay them in months, or
years.
I went to SG INC CPA for Accounting for Income Taxes needs. It was advertised as an all stop shop. Originally, I thought it was merely a marketing campaign. But they did complete all my requirements. Their boasts are not empty. Their employees are all knowledgeable in their chosen fields. This mastery allows them to complete all the work given to them within expected deadlines and expectations 
