We work with businesses of all shapes and sizes in the DMV area settle IRS problems and maintain healthy compliance
Local businesses and non-profit organizations in Washington D.C., Maryland, and Virginia are crucial to the health of our economy, but as successful and hard-working these business owners are, it's a harsh reality that a vast majority of them encounter business tax problems of some kind. As a local business ourselves, we believe that the blood, sweat, and tears you put into your business should not be overshadowed by tax problems, as they can prove to be very detrimental to the well-being of any business.
The Pure Tax team
Solutions for Business Tax Problems
Payroll Tax Relief
Payroll tax problems can lead to the seizure of your business’ assets by the IRS. When business’ experience slow cash flow, it can be tempting to borrow from the money set aside to pay payroll taxes. Payroll taxes are Trust Fund Taxes and if you don’t pay them, when due, you can be certain the IRS will do everything in their power to collect them, and will not sympathize with business owners who do not comply. We work with DMV area business owners to settle payroll tax debt and help them maintain payroll tax compliance moving forward.
Worker Classification Filing
Your workers may or may not be independent contractors, despite the way you choose to treat them for tax purposes. If you classify them as contractors, when indeed the IRS or State regulations label them as W-2 employees, then you will owe payroll taxes on the compensation you paid them. To make matters worse, you’ll owe penalties and interest because of the classification error. Our tax accountants and CPAs can bring clarity to worker classification regulations, and make sure business' are maintain compliance.
Overstated Deductions
If you overstate deductions or under report income on your tax return, it goes without saying that you are risking getting audited, along with penalties and collections if not addressed properly. Even in the case of honest mistakes, you’re going to owe the IRS more money as opposed to paying them in full in form of quarterly estimates throughout the year. The characterization of items of income and expense are not always crystal clear. Whether you are currently experiencing back taxes and penalties as a result, or would like proper consulting to avoid these issues, our business tax resolution experts can help.
Bookkeeping, Payroll, and Tax Consulting
In addition to helping DMV businesses and non-profits resolve IRS problems, we also help businesses maintain healthy payroll, bookkeeping, and tax filing compliance. We offer monthly programs for businesses and non-profits that need help keeping their accounting and tax filing in good shap. Our clients have peace of mind knowing they have a full team of tax experts on their side, including tax attorneys, CPAs, and Accountants at hand for any tax consulting or resolution need that may arise. If you are a local business or 501(c)(3) status venture in the Washington DC area in need of a full-service tax professional, our firm can provide a personalized solution for you.
RESOLVE YOUR BUSINESS TAX PROBLEMS & MAINTAIN HEALTHY TAX COMPLIANCE
