How can I get my tax refund?

Your tax refund transfer will be faster if you e file it accurately. The IRS will direct deposit in your bank, member FDIC, within in around 3 weeks. However, if you mail your return, you’ll probably have to wait a much longer time to receive your refund. To avoid delays in refund transfer and get max refund, consult with our tax professional today.

What are the requirements to e file a tax return?

You really should e file, there are lots of reasons to do so. We will take care of your filing process electronically. However, you need to provide us with last year’s AGI information. If you don’t know what it is, then you can use the IRS Get Transcript to get your previous year’s AGI.

What are your tax preparation fees?

We only charge $120 as tax prep fees. Moreover, you get unlimited access to tax advice from a tax professional on any of the tax topics without any additional service fees. Our pricing is transparent. There are no hidden e file fees or additional fees for the tax help we provide.

Am I eligible to pay self-employment income tax?

Different limitations apply on individuals with different financial records. If your net income is above $400, you need to file a tax return, but if your income is below $400, you may still need to fill out the form just according to the filing requirement.

How can I file a return for previous tax years?

Filing for previous year can be done. We can e-file for 2 previous years. Older returns more than 2 years old must be paper filed. Furthermore, IRS does not allow taxpayers to e file prior year returns via self-preparation websites.

Do you also offer legal advice?

We do not provide legal advice. We don’t represent taxpayers in front of state agencies or the IRS. However, our professional credentials allow us to offer you audit support as a tax preparer.

What kind of deductions am I eligible for?

Everyone is eligible for some kind of deductions or tax credits. However, the amount of tax could be different for each individual because of their income. Although, business owners and self-employed persons might get a slight advantage on saving the cost during audit defense.

Which tax software do you use for tax preparation?

We use ATX but we can use any tax software as we have access to paid versions of these tax tools.

Usually, when is the due date of the Ohio Tax Return?

The deadline for tax return in Ohio is usually fixed on April 15, unless it arrives on the weekend or is otherwise devised to change by the IRS. We recommend you to file the returns earlier as you can amend returns if the tax situation changes.

Small Business Income Tax

Small Business Income Taxes Made Simple

Filing your income tax can be a daunting task, especially if you’re a small business owner. The tax code is complex and ever-changing, making it difficult to keep up with the latest regulations. And if you make a mistake on your return, you could end up facing additional taxes, penalties and interest from the IRS.

The IRS will be adding 87,000 more agents and they will be auditing more taxpayers in the future… Are your prepared for an IRS Audit? Proper tax record keeping, and document retention will be important. Protect yourself by hiring a tax accountant who will make sure you are on the right track.

Let Akron Income Tax Co take the hassle out of filing your taxes. We’re experts in small business income tax, and we’ll make sure that you get the biggest refund possible without running afoul of the IRS. We offer a full range of services, including bookkeeping, payroll processing, and more. Contact us today to get started!

Who We Are?

We are small business income tax specialists dedicated to making filing your Ohio Business Taxes easier for you. Furthermore, we guide you through every step to figure out business tax in Ohio as a business owner and ensure that the Filing process goes smoothly.

Finally, with proper income tax recordkeeping, we make sure that you’re taking all of the legal deductions and estimated tax payments possible so that you can save money and limit your federal tax bill. If you’re ready to make tax season less stressful, we’re here to help!

What We Do

Since our inception, we have offered a full range of accounting, federal Income Tax Preparation near me, and Business Consulting solutions. We focus on small to medium-sized businesses throughout the Greater Akron, OH area and beyond.

Given our background and whatever needs your business may have, regardless of the size and scope of your business. Furthermore, we know that we have the experience necessary to help you file your Ohio State Tax and manage your finances at a reasonable cost.

We here at Akron Income Tax Co. understand that Filing small Business federal income Taxes can be a complex process. First, we seek to answer all of your questions about tax laws and federal taxes if you pay estimated tax. Also, we can deal with social security and Medicare taxes.

Secondly, we will guide you every step of the way so that you can rest assured your Taxes have been filed successfully. Finally, we can help you save as much money on your property tax as possible along the way.

Some Common Areas

Also, we will discuss with small Business owners as we’re working with them, including:

Helping you understand some of the common deductions that you can make when Filing your State tax Return and federal employment taxes regarding your small Business activity.

Detailing the Bookkeeping process to help you see what types of options are at your disposal. Also, to help you understand the importance of and strategies involved in Bookkeeping and Filing Taxes.

Diving deeper into the difference between a small business and a hobby (Many individuals may have picked up small activities over the course of the year to help them bring in additional income. Understanding the difference between a hobby and a small business is crucial as you file your taxes for the year as you’ll want to avoid any confusion and consequences that may come afterward.)

With our support, filing small income Business Taxes that are comprehensive and strategic to help you save money is more than possible.

FAQs

1. Can Small Businesses Get Tax Refunds?

In most cases, small businesses can get a refund when they pay taxes. This includes income tax, payroll tax, and sales tax. However, there are some exceptions. Make sure to contact an accountant or tax specialist to find out if you are eligible for a refund.

2. How Do Small Businesses File Taxes?

There are a few different ways that small businesses can pay income taxes. The most common way is to use tax software or using an online tax service. If you want to file your taxes by hand, you can get forms from the IRS (Internal revenue service) website.

3. What is the Small Business Standard Deduction?

The small business standard deduction is a deduction that allows small businesses to deduct certain expenses from their income. This includes expenses such as office supplies, advertising, and travel corporate income tax.

4. What is the Self-Employment Tax?

The self-employment tax is a tax that self-employed individuals must pay. This includes people who work from home or have their own business. The tax rate for self-employment tax is 15.3%.

5. What if I receive a 1099-K?

Most importantly, a lot of people who use PayPal, Venmo, Ebay, Amazon or other 3rd party transactions will receive this 1099-K if they had more than $600 in transactions.

Ready To File Your Taxes Affordably and Confidently?

Our exceptional team of tax Accountants is available to assist you whenever you need us! One aspect of your Business that you may think of delegating is accounting. It is better to get the services of a professional to do all the tax Accounting tasks. If you’re ready to make Filing your small company income Taxes simple, all you have to do is reach out to us, and we’ll begin working on your Tax Returns.

We also provide that service if you want to file employment taxes for your limited liability company (LLC). All small businesses and limited liability companies (LLC) in Ohio can avoid paying state income tax rates varying between 2.85 percent and 4.797 percent by filing the correct form.

We look forward to working with you!