Stay up to date with the latest tax news and information
Personal Tax Returns. We can help you breakdown expenses, find deductions and take advantage of every refund you're entitled to. We'll find things computers miss and the longer we work together the easier and more efficient this process will be.
Business Tax Returns. Sherbetjian Premium Tax Services files all types of business tax returns including S-Corporate, single or multiple member LLCs, and Partnerships. We'll keep you aware of deadlines and make sure to file extensions if necessary. The biggest benefit of working with us is the peace of mind you'll have just knowing we've got you covered.
Estate Taxes. When you lose a loved one and they may leave more than an estate. Taxes may still be due on income, dividends and capital gains. An estate tax return may be due within nine months of their death. We can help prepare the necessary paperwork or file a six month extension to buy you precious time.
Trust Tax Returns. As a trustee you may have a fiduciary responsibility to manage all aspects of the trust. We can assist you in handling your tax obligations attached to the last will and testament or trust agreement. Trusts are separate from the grantor and as such must report its own income and tax. Income from a trust must be reported.
Stay up to date with the latest tax news and information
Not many organizations partake in bartering these days, and most companies sell goods or services to survive. Regardless of whether the establishment is in the retail, restaurant, or another industry, money will become exchanged, and the owner must keep accurate, precise books. Failing to do so can open the door for problems with the IRS to arise, which can lead to penalties, fines, and other unfavorable consequences. Don’t leave financial matters in the hands of fate, and instead, hire a professional bookkeeper to ensure your finances remain organized, maintained, and up to date.
Tax season is a very hectic time of year. People circle April 15th on their calendars and spend months attempting to get supply receipts, customer invoices, or different items organized. Sometimes, this endeavor involves getting on the computer to search for things, yet on other occasions, the person becomes overwhelmed by having to search through shoe boxes to look for the physical documents. Consider hiring an accountant to ensure that finances remain in order and easily accessible.
There are many benefits to starting your own business, which is why so many members of the workforce turn to entrepreneurship. Although the venture can be quite risky, the rewards often outweigh the consequences, and people set off in search of obtaining the American Dream. These individuals look forward to being a boss, making decisions, and achieving success in their chosen field. However, on some occasions, company finances can get out of whack, numbers become miscalculated, and owners find themselves dealing with IRS representatives. Luckily, there are many things that entrepreneurs can do to prevent such awful events from occurring, so continue reading and heed this tax advice.
Each year, people find themselves overwhelmed and confused by the complicated legal jargon printed on varying tax forms. Before an individual can begin subtracting this line from that one, adding dependents, or completing different time-consuming and tedious tasks, they must first figure out which filing status is right for them. Sometimes, all a person has to do is check the little box next to single or married, and in a jiffy, they are finished. However, on other occasions, taxpayers may find themselves qualifying for multiple statuses and unsure of which selection to pick.
Thanks to the wealth of financial terminology that’s been used in everything from television series about orga-nized crime, to the biopics of successful business people, the average American has had some broad expo-sure to a lot of different financial concepts. One of them, an especially popular idea in both fictional financial crime and, unfortunately, real world financial crime, is the unreported offshore account.
One of the biggest—and at the same time most nebulous—threats in 21st century life is identity theft. It’s a problem that’s unique to a society relying more and more on a digital lifestyle to get through the days. When your ability to take a loan, make a payment, or even validate your citizenship is dependent on what kind of data about you is available on a database or server somewhere, who you are, and what you are financially capable of, becomes more “fluid.” It means that you are able to access more of your social, financial and sometimes even political power from far away places, as long as you have the credentials to confirm your identity.
Life in the 21st century is increasingly one where the digital format is the medium of choice. More and more people just stream their music rather than buying CDs to listen to. People read books on their tablets or dedicated e-readers rather than putting printed books on a shelf. Even movies are consumed by digital stream rather than played back on a disc.
If there’s one thing that’s generally agreed upon by most Americans, it’s that the arrival of tax season and the need to file for income taxes is not a fun time. This is when some people, especially those that run their own business, must break out the receipts, documents, and other proof of transactions over the financial year, and nail everything down so that you, your finance department, your accountant, or your tax service can dutifully fill out all the forms required to pay the IRS—and by extension, the USA itself—what they are due.
It’s true that nobody really wants to think about taxes. From the hassle to the cost, it’s not high on anyone’s to-do list. But, it’s a necessity, and one that you’ll need to give your full attention at some point. Letting the professionals handle the process for you can help cut down on a tremendous amount of the hassle and stress, but it’s also important to make sure that they offer you the option of e-filing your taxes.