Five major types of business taxes are: (1) corporate franchise tax, (2) employment (withholding) tax, (3) excise tax, (4) gross-receipts tax, and (5) value added tax (VAT). Some types of firms (such as insurance, mining, and petroleum extraction companies) pay additional taxes peculiar to their industries. While firms too pay income, property, and sales taxes, such taxes are not specific to businesses. In terms of economic impact, however, all taxes are 'people taxes' because they affect human beings and not some abstraction labeled 'business.'
We make the tax return planning and preparation process painless. Our clients rely on us to determine the minimum legally available income tax liability, through a creative and coordinated approach to the preparation of returns.
In many cases, there are a number of alternative filing choices available, a choice that is complicated by the plethora of income tax laws in the United States. In order to provide our clients with the best available alternative, many returns are prepared many times, using a set of alternative filing strategies. Our commitment to you is that we will research and recommend the optimal filing strategy in your specific situation.
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