Simplify your taxes, maximize savings. Our experienced team handles tax planning, preparation & more, ensuring compliance, peace of mind, and more money in your pocket.
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Natallia Bekis, CPA can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
book todayOur family-owned account service has been serving the community for the last 15 years. Our team has grown and includes experienced CPAs and dedicated support to offer a broad range of services for business owners, executives, and independent professionals.
We are affordable, experienced, and friendly. By combining our expertise and experience, each client receives close personal and professional attention.Please call us today and we'll be happy to offer you a free initial consultation.
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.
To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test:
• To meet the qualifying child test, your child must be younger than you or your spouse if filing jointly and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.
• There's no age limit if your child is "permanently and totally disabled" or meets the qualifying relative test.
In addition to meeting the qualifying child or qualifying relative test, you can claim that person as a dependent only if these three tests are met:
1. Dependent taxpayer test
2. Citizen or resident test
3. Joint return test
One traditional reason for forming a separate business entity is to limit your personal liability. So in case of disaster, you are likely only to lose your investment in the business, but not everything you own. Insurance is a much better selection if you have to choose. It can protect against your own actions, and prevent you from losing your investment.
Additionally, investors often want a corporation rather than some other business form because it gives them certain rights that limit the risk of their investments.
