Businesses can be taxed for all manner of income, depending on exactly what kind of business you own and the services that you provide. At ABP, we’re well versed in understanding what your needs are – as we have experts in federal, state, and local tax laws. We work to properly report all income and spending, covering all of your bases. Our team of highly trained experts ensure that you receive the most accurate tax return. ABP takes care of all of this, so that you can run the business that you love without having to worry. We sweat the details, so that you don’t have to.
We know that going with an expert is the right way to go when it comes to accounting needs. Your business bookkeeping affects your business tax returns, which also has a direct impact on your personal tax return.
When someone is self-employed, you have one big bucket of income, and it flows through to your personal tax returns. If your business bookkeeping isn’t prepared properly and doesn’t include all allowable expense items, then this can have a negative impact on your personal tax returns. At ABP, we implement a strategy that covers it all – allowing you to take advantage of your benefits at optimal levels.
If you are not claiming all allowable deductions (like personal vehicle mileage and home office expenses), then you are paying more than needed. Our bookkeeping experts make sure that you are claiming all legal deductions, undoubtedly saving you money, while making sure that you are not taking deductions that you are not entitled to.