CORPORATE TAXATION PREPARATION AND PLANNING STRATEGIES.
Corporate Taxation
Corporate tax is imposed in the United States at the federal, most state, and some local levels on the income of entities treated for tax purposes as corporations. Federal tax rates on corporate taxable income vary from 15% to 35%. State and local taxes and rules vary by jurisdiction, though many are based on federal concepts and definitions. Taxable income may differ from book income both as to timing of income and tax deductions and as to what is taxable. Corporations are also subject to a federal Alternative Minimum Tax and alternative state taxes. Like individuals, corporations must file tax returns every year. They must make quarterly estimated tax payments. Controlled groups of corporations may file a consolidated return.
Some corporate transactions are not taxable. These include most formations and some types of mergers, acquisitions, and liquidations. Shareholders of a corporation are taxed on dividends distributed by the corporation. Corporations may be subject to foreign income taxes, and may be granted a foreign tax credit for such taxes.
Shareholders of most corporations are not taxed directly on corporate income, but must pay tax on dividends paid by the corporation. However, shareholders of S Corporations and mutual funds are taxed currently on corporate income, and do not pay tax on dividends.
BJtaxportal has grown exclusive multidimensional characteristics by offering various taxation services to its clients across diferent countries. We assist our corporate clients with planning, compliance, tax strategy, and preparation services. We have dedicated & qualified tax professionals across various countrieswho offer you these services and have experience to work with different client base including all types of businesses – partnerships, privately – owned organizations, local companies, not for profit organizations, multinational companies (MNC’s), family businesses, trusts and individual owners.
Identifying the accurate taxfirm for your corporation’s needs is investing in your corporation’s future. Instead of our role as an outsourced business service, we consider ourselves as your business partner in success and development.
We incorporate ourselves into your culture, goals and ways of your business. Our value is in counsel along with our preparation services and proactive planning.
We can make a change to your future where profits are optimized and growth is strategic.
We emphasis on reduction strategies and tax planning for your business. We frequently train ourselves on the up-to-date tax law changes, their implications on your business. We always recommend tax saving strategies to increase profitability for your business proactively. We recommend tax saving strategies through out the year and not at the end of the year. Many of our business clients have saved their fees many times in reduced tax liabilities through planning and legitimate tax saving strategies.
Preparing your corporate taxes can be a hectic process. Several times when you have opted to be a flow through entity business taxes can directly affect your personal tax return. We step into analyze both from business and your personal level.
We deliver planning strategies and tax preparation for:
- Corporate Returns (1120, 1120S, etc.)
- Exempt Organizations (Form 990)
- Property Tax Returns
- Partnership Returns (LLC, LLP, LP, etc.)
- Fiduciary Tax Returns (Form 1041)
- Sales Tax Returns
- Computing Book / Tax Differences