by Karla Dennis | Aug 1, 2013 | Blog
Hello everyone Karla Dennis here with Cohesive Tax talking with you today about what your year end plan is for you tax situation. I use this blog to keep individuals thinking about how they can lower their tax bill and ultimately bring home the most amount of money thanks to tax benefits. If you are looking for personal or small business tax advice please contact me via my website or call the office today to learn how Cohesive Tax can help you get the most out of your tax situation. In my blog today we are discussing your tax strategy and preparation as the fourth quarter of the year draws near. Far too often individuals get caught up with every day life and don’t consider their tax opportunities through out the course of the year. The best way to not get left behind when it comes to tax preparation is to follow these three easy steps. Number one consider the money and purchases you have made so far this year and how they will affect your over all tax bill. Number two, what lies ahead in the remainder of the year for your tax considerations. If a large amount of your income this year has yet to be earned there may be options to bringing more of it home. And third, do I have a tax preparation plan in place for when next April rolls around. It is important to start thinking about your next tax day now instead of waiting until next year. At Cohesive Tax we can help you bring home the most amount of money by...
by Karla Dennis | Jul 31, 2013 | Blog
Hello again and welcome, I’m Karla Dennis, CEO of Cohesive Tax, a tax preparation and consultation firm. We are licensed in all 50 states and are here to help you plan or prepare your taxes for the future as well as to offer you sound advice. Today I would like to give you three tax tips for small business owners. There are three things that you can do right now as a small business owner to lower your tax bill. As a business owner the entity that you operate your business in is very important. Whether you operate as an LLC, Corporation or a Sole Proprietor can certainly determine your tax liability. it is very important that you research and determine which entity is right for you; don’t necessarily think that the entity you started with is the entity you will end up with. Tip number two is to use multiple entities so you can keep your tax bill low. One of the biggest strategies you have as a business owner is to move money from one entity to another; this is called up streaming income. Up streaming income can help you lower your taxes and keep more money in your pocket. The third strategy that you should use is to ensure you have alternative year ends for your entities. All of your entities do not have to end as of December 31. it is important that you use multiple year ends because you can move money around, save on taxes and use multiple strategies when you have multiple entities with different year ends. read...
by Karla Dennis | Jul 31, 2013 | Blog
If you’re currently experiencing issues with the IRS and need tax resolution help, you may think you’re alone in the situation. The truth of the matter is that you’re not; at some point in their life, almost everyone runs into tax problems with the IRS and the only way to remedy a majority of these situations is by consulting with a tax resolution specialist. It’s absolutely imperative that no matter how much you’re struggling mentally, emotionally, or financially, to remember that you’re not alone. There are tax resolution specialists out there waiting to help you just like they’ve helped countless other people in similar situations. One of the tax resolution companies we’d like to discuss today is Cohesive Tax. At Cohesive, they have over 60 years of combined experience between their Enrolled Agents, some of which have worked for the IRS. Who would be more qualified as a tax resolution specialist than someone that has actually worked with the IRS? At Cohesive Tax, they’ve help individuals with a variety of different tax resolutions to solve problems such as a tax lien, back taxes, audits, garnished wages and levied bank accounts. This list is just a small sample of some of the scenarios Cohesive has seen in working with their customers. The important thing for you to know and understand is that if you’re in a situation like this it’s imperative that you reach out for help from a tax resolution specialist today. Unfortunately these problems don’t just go away on their own and it does take the help of a tax resolution specialist. If you’re struggling with tax problems...
by Karla Dennis | Jul 28, 2013 | Blog
One of the many advantages of having top notch Bookkeeping services is for the use of business forecasting and planning for the future. If you are a small business owner a big part of your goal is predicting and projecting what the future will hold for your bottom line. By utilizing third party Bookkeeping you are able to not cloudy the perception of your financial outlook thanks to an independent voice. There are certain times when it is very important for a small business owner to make well thought out business projectons in order to forecast the future. One of the most important times for this is when you are seeking financing. Whether through a bank, a best friend, or an angel investor anyone putting money in to your business will want to see what the future holds. Professional Bookkeeping that is always up to date is a great way to have this information readily available as to never hold you up. Business forecasting is also very important if you need to assess a certain good or service and whether or not it can grow your profits over time. Anytime you are making a big picture decision, including whether to cut staff or add more, sound financial forecasting is exactly what you will need. Your independent Bookkeeping service can have projection and forecasting information available for you whenever it is needed as well. Having an accurate and up to date profit and loss statement is certainly be one of the best ways to predict your businesses future. This can be better executed by making note all of expenses and...
by Karla Dennis | Jul 25, 2013 | Blog
How To Handle Your Tax Issues If you’ve been working with a tax resolution specialist but they were unable to help you resolve your tax issues with the IRS, maybe it’s time you consider a different company that specializes in tax resolution. Thankfully, there’s one that offers a variety of different tax issue services and has Enrolled Agents, some of which used to work for the IRS and that’s Karla Dennis And Associates, Inc.™. At KDA, we’ve seen it all when it comes to tax issues with the IRS; whether they’re putting a levy on your bank account, you’ve received an audit letter, tax lien or even if you’re already making payments to the IRS but aren’t able to afford them, we can help you with your situation. Some of the services we provide are an offer in compromise, meeting with an auditor on your behalf, refiling a tax return or filing an innocent spouse claim. Whatever it takes to get your problems resolved, we put them into play with our tax resolution services. Many people that currently have tax issues are under the impression that there isn’t anything that you can do about it especially if they’ve worked with a tax resolution specialist in the past without any solution. There are tax resolutions to each and every type of tax problem, you just have to take action and know where the appropriate places to seek tax issue relief. read...
