Reliable Tax Services for TAMPA Businesses
Handling your taxes is an important job, one you won't trust to just anyone. At AXIOM BUSINESS CONSULTING LLC - CPA FIRM, we've been working with TAMPA businesses and individuals on their tax filing, tax planning, and tax problems since 2006. Our experienced CPAs know how to help you lower your liability and maximize your post-tax savings. We can even represent you before the IRS in an audit or to deal with tax debt.
Whether you need help with annual filing or are looking for tax planning to help you save, we can provide the year-round support and expertise you need to make the most of tax season. Contact our office and schedule your free initial consultation to find out how we can help.
Comprehensive Tax Services We Provide
At AXIOM BUSINESS CONSULTING LLC - CPA FIRM, we're committed to helping you understand and meet your tax obligations without having to pay more than you truly owe. That's why we provide a variety of services to ensure that whatever type of tax support you need, we have the skill and experience to deliver that help to you.
Our team has worked with a broad range of clients, both individuals and businesses in various industries. Our tax services include:
Industries We Serve
Whatever business you're in, you have unique circumstances that affect when and how you file your taxes, as well as what kinds of deductions and savings you can receive. At AXIOM BUSINESS CONSULTING LLC - CPA FIRM, we've worked with companies across a range of industries, taking the time to understand the challenges and opportunities unique to each business. We put our experience to good use for your business.
Some examples of how we can help your business thrive with tax services include:
Restaurants: Tips for staff and service members can make payroll taxes especially complicated. We work with you to establish an efficient payroll system and ensure that your payroll taxes are correctly filed. You may also qualify for tax credits on tips based on the Social Security and Medicare taxes you've paid.
Hospitality: Hospitality businesses have access to unique opportunities such as the R&D Tax Credit. This can provide a tax credit on qualified research and development for new and improved products and processes, with up to 13% of eligible spending credited back. We can help you determine whether your projects would qualify for this credit as well as introduce you to other saving opportunities.
IT Consultants & Professionals: If you work as an independent contractor for other companies, many of your expenses may be eligible for deductions - but it can be tricky to know what qualifies and what doesn't. We help you identify these deductions, especially for business-relevant items like new tech hardware, software, research materials, and classes or seminars.
Other industries we serve include:
Tax Preparation for Businesses
Tax filing for businesses can be a long and complicated process. Not only do they have to file both federal and state taxes, often quarterly, but most have to deal with sales tax and payroll tax as well. At AXIOM BUSINESS CONSULTING LLC - CPA FIRM, our accountants can handle every type of taxes your business needs to file.
5 Benefits of Outsourcing Your Taxes
You may not look forward to tax season, but it doesn't have to be a burden for your business. With outsourced help, you can enjoy less stress, a lower tax liability, and much more. Here are five advantages you can enjoy when you outsource your taxes to AXIOM BUSINESS CONSULTING LLC - CPA FIRM:
Helping Your Nonprofit Stay Tax-Compliant
As a nonprofit, your focus is on supporting your cause and helping people to affect positive change in the world. While this offers you protections as a tax-free entity, you also face strict regulations that you have to meet. Without accurate and up-to-date accounting and tax preparation, your organization could be at risk of hefty fines and possibly even losing your nonprofit status.
AXIOM BUSINESS CONSULTING LLC - CPA FIRM has worked with nonprofits and understands the various complex requirements you face. We can help you go carefully through your accounts and see that everything is in order and up-to-date. We'll highlight any potential errors or questionable records that could jeopardize your status, and ensure that all required forms are completed on-time.
Tax Planning Services to Effectively Lower Your Liability
If you only think about your taxes when it's time to file, you could be missing out on countless opportunities to save throughout the year. With tax planning, we take a proactive look at your financial situation, identify these opportunities, and develop strategies you can use to make the most of your year.
How Does Tax Planning Work?
When you first come in for tax planning, we take a thorough look at your tax records from previous years. We use them as a baseline to see what deductions you've been able to claim and what your typical tax liability is. We can then use your projected performance for this year to estimate your future tax liability.
The next step is to determine tax planning opportunities you may have missed, or what you could qualify for this year if the right steps are taken. We take into account your goals for the year, such as company growth strategies and real estate purchases, and help you time and execute these actions to reap the greatest tax benefit. Thanks to our in-depth experience in so many industries, we can also find ways to save that are specific to your unique type of business.
The most important element of tax planning is staying flexible. As situations change, your strategy will need to change with it. We provide year-round support for your business and are happy to meet with you to answer questions or make changes to the plan when and how you need. With effective tax planning, you'll have a much better idea of your tax liability well before it comes time to file.
Tax Planning For Your Industry
At AXIOM BUSINESS CONSULTING LLC - CPA FIRM, we go above and beyond the usual accounting team. We put our experience to work for you by meeting challenges and finding opportunities specific to your industry. We know how a business in your field functions, and we put every effort into helping you fulfill your obligations so you can be a pillar of success in your industry.
Tax Problem Resolution in TAMPA
Whether through late filing, errors on tax forms, or being unable to pay off your tax obligations, it isn't hard for a business to find themselves on the wrong side of the IRS. Dealing with an audit or tax debt can be frightening, but you don't have to face it alone. We can represent you before the IRS and help you to find workable legal solutions to your situation.
What Do I Do If I'm Audited?
Receiving an audit notice is something no business wants, but there's a right and wrong way to handle the situation. First, don't ignore it - the audit will happen whether you cooperate or not, and it's unlikely to go in your favor if you don't comply. Second, don't handle it alone.
Our accountants are licensed to act as your go-between with the IRS. We can review requests, assemble and send in the required documentation, and review their findings once the audit is complete. If we disagree with their conclusion, we can appeal on your behalf. If money is owed, we'll work with you and the IRS to develop a payment agreement or other solution to help minimize the impact of tax debt on your life and business.
Solutions for Back Taxes
Whether you lacked the funds to pay off a previous year's taxes or you failed to file entirely, owing back taxes can be a stressful, even all-consuming situation. With fees on late payments, the amount only grows larger until you fail to address it. The sooner you act, the better your situation will become, and our TAMPA CPAs can help you do it.
We'll step in, review your situation, and file whatever paperwork is still needed. Then, our CPAs can negotiate with the IRS on your behalf. Our goal is to find a workable solution to your tax debt, whether that's creating reasonable timed payments or negotiating down your debt.
Options may include:
Get Tax Help Tailored to You in TAMPA
For quarterly or annual tax services, our team at AXIOM BUSINESS CONSULTING LLC - CPA FIRM is committed to helping you stay compliant and protect your capital. Take a proactive approach to your taxes when you schedule a free consultation with our TAMPA office today!