After your company is registered, EIN assigned, and your business bank account is set up, it’s crucial to stay compliant with tax regulations. At CPC Accounting Services, we specialize in keeping you on track and penalty-free.
For small business owners and freelancers, this typically involves quarterly estimated tax payments as income is earned throughout the year.
The main types include:
Self-employment Tax.
Employment Tax.
Maintaining accurate records is key not only for tax preparation but also for financial management. Good recordkeeping aids in preparing financial statements, tracking income sources, managing deductible expenses, and monitoring business progress.
Remember, it’s advisable to retain records for at least three years. Let us handle the complexities while you focus on growing your business.
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