High quality small business bookkeeping services provider in Florida? If you want to get better at bookkeeping, it’s also important to understand the basics of accounting. This will give you a better understanding of financial statements and other important bookkeeping concepts. Here are a few key accounting terms to know: Assets: These are the things your business owns, such as cash, inventory, buildings, etc. Liabilities: These are the debts and other obligations your business owes, such as loans, credit card debt, etc. Equity: This is the difference between your assets and liabilities—in other words, it’s what your business is worth. Income: This is the money your business brings in, from things like sales, investments, etc. Expenses: These are the costs of running your business, such as inventory, rent, salaries, etc.
Another reason why so many people consider us for accountant services is that our accountants are not only skilled and experienced, but highly professional as well. We will be there to help you every single step of the way and will ensure that you don’t have to face any financial problems when it comes to accounting. We will provide you with monthly financial statements, and discuss other profit-maximizing and cost-saving opportunities for your business so that you are able to make the best decisions for your organization. Our goal is to provide you with top-notch accounting services at the most affordable rates in the business. So get in touch with us today and take advantage of some of the best accounting services in the industry. Read extra details at Tax Accounting.
We have got the very best tax debt relief specialists in the country, who are able to provide exemplary services to all businesses and customers. There is no tax service that we can’t provide you with, and our experience and expertise allow us to deal with any tax problem effortlessly. Our tax debt relief services can help you deal with tax negotiations, settlements, back taxes, tax liens, tax levies, IRS tax debt, IRS audit defense, payroll tax negotiation, and wage garnishments.
FreedomTax is an accounting firm like no other. We offer outstanding accounting services with a family presence, reaching out to help those in need. We are committed to providing professional, accurate, and comprehensive accounting and tax services to our community. Our payroll solutions streamline your payroll process, improve productivity and simplify administration. We manage the time-consuming tasks of payroll processing and employee payroll tax filing so you can focus on running your business.
If you are starting your new business, or are an established organization, our unique set of added value services can help you, and your business during the entire life cycle of your company. Incorporation Services, Marketing Consulting, Graphic Design, Website Design, Corporate Accounting, Payroll, Business & Marketing Plans, and Immigration Services, are some of the solutions we provide to help you, and your business be successful.
Our founders are Julian Vasquez, and his wife Irma Vasquez. After 10 years of accounting, and tax experience in another CPA firm in Central Florida, they opened Freedomtax Accounting in 2008 going door to door to get work. It wasn’t easy, but God’s favor allowed them to open a location, and within the first year expanded to an office double the size of their first location. At the present time, Freedomtax Accounting is grateful for God’s favor, and grace that has allowed us to prosper in these tough economic times. We are able to represent and help individuals, and corporations with any accounting, and tax problem in all 50 states in the USA. Because of our growth we have had to quadruple our office space at our Kissimmee location, we have expanded our staff to 13 accounting and tax professionals, developed graphic design, marketing consultation, and immigration services departments, and plan to open a second office location in Orlando. At Freedomtax Accounting, we are always reviewing our services to better serve our clients and community.
FIRPTA stands for the Foreign Investment in Real Property Tax Act of 1980. Contrary to popular belief, this act is not a tax at all, it’s a withholding. Just as the title implies, this withholding was designed to ensure that foreign owners of US property pay their share of taxes on the profits (or gain) when they sell. The IRS rules place the responsibility for withholding potential income tax due in the amount of 15% of the purchase price on the buyer of the real property from a foreign entity. The real property becomes the security for the IRS to ensure that they receive taxes that are due to them. If the payment is not made by the buyer, the IRS can seize the real property (or other assets of the buyer). The buyer should withhold 15% of the gross purchase price unless an exception applies and the withholding can be reduced. All funds must be submitted in a timely manner. The amount withheld must be submitted within 20 days following the day the closing took place. If a withholding certificate was applied for, any required funds must be submitted within 20 days of the withholding certificate notice. See more info on https://freedomtaxaccounting.com/.