G&S Accountancy

Tax plays an important role in today’s world and keeping it in check is an essential part of it. Have you ever been curious about how your spending money is taxed? Are you aware of the tax status you are in? How much tax did you pay or saved in a given year? These are all important questions to consider when filing your taxes, and having a tax preparer Ontario CA by your side is often the best way to make sure all of your finances are in order.    The Internal revenue service (IRS) provides several services to help taxpayers with their federal taxes. These services are known as tax resolution services, and they can provide valuable assistance to individuals and businesses alike. Here are some of the most common tax resolution services California : IRS Audit Representation If you receive an audit notification from the IRS, this service can provide you with an experienced representative who can help you understand the process and represent you during the audit. Non-Filed Tax Re...

Small businesses operate locally in a city or state. Such businesses pay attention to business operations more. And instead of hiring professionals, they go for expert services. For instance, a local CPA for small business is quite popular. Local CPA services help small businesses a lot. Such services deal with a lot of concerns on behalf of their clients & help them attain several goals. Here is what such local CPA services do for their customers. Monthly & Quarterly Services: Every month or every quarter, local CPA services help small businesses with a range of services. For instance, they take care of bank reconciliation, generate income statements & balance sheets, handle the general ledger, and provide timely consultation. Normally, all these services help small businesses handle the accountancy part easily. As a result, the financial department remains a bit balanced all the time & is less likely to face problems. Tax Services: Local CPA services for small busine...

In today’s time, the workforce is changing continuously. Today, many individuals want the flexibility to live life as they want and for this, they are going for freelance and gig work. But along with this freedom, they also have to take the responsibility of managing their personal finances and tax planning. However, freelancers and gig workers face specific tax challenges that will be different from traditional employees. They may find it difficult to understand taxes and should connect with tax preparation Fontana professionals who can guide them in this. Keep on reading to find out more about how tax professionals can help them with their tax savings. Self-employment tax The first thing you need to understand as a freelancer or gig worker is the self-employment tax. Traditional employees have to face different kinds of tax because it is deducted from their paychecks. Self-employed individuals have to be responsible for paying taxes for both the portions of employer and employee. Wi...