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Vector Tax & Accounting

Vector Tax & Accounting

Created by vectortax24 on 13/02/2015
Updated on 13/02/2015
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Vector Tax & Accounting

73 Old County Rd
Windsor Locks, CT 06096, United States
860-580-5183
http://www.vectortax.com/
Sunday: 9:00 am-4:00 pm
Monday: 10:00 am-8:00 pm
Tuesday: 10:00 am-8:00 pm
Wednesday: 10:00 am-8:00 pm
Thursday: 10:00 am-8:00 pm
Friday: 10:00 am-8:00 pm
Saturday: 10:00 am-8:00 pm
Vector Tax & Accounting delivers individual, small
business and non-profit tax solutions in bookkeeping, tax preparation and
accounting, along with their expert know-how to save hard-earned profits.In
particular, Vector Tax & Accounting analyze accounting and aid
with QuickBooks to assess a business’ possibilities for incorporation,
partnerships and LLC’s. Much of the secret to business savings lies in
eliminating ‘self-employment taxes’, which are required of a sole proprietor
business owner. A sole proprietor is anyone who owns an unincorporated business
by him or herself. Sole proprietors must pay ‘self-employment’ taxes on all of the income of the business as if
it were their own income, regardless of whether they use the income or save it
for the business’ reinvestment. A good bookkeeping and accounting service will
demonstrate possibilities to save this money. And, who doesn’t love to save money? For
example, incorporation would create a separate entity, whereby even as a single
business owner of an incorporated entity the owner must only pay personal income
tax on the salary or income they receive from the newly incorporated entity. Electing
for a subchapter S designation (or “S corp”) may also present further
possibilities for savings as S corp status allows for the reporting of profits
and losses on personal income tax returns—leaving the business virtually
untaxed! Additionally, further exploration of an LLC, will assess whether it can
be taxed as corporation rather than suffer under the rules of sole
proprietorship. Especially if you just invest in an LLC and don’t actually run
the business, Vector Tax & Accounting will explore every venue to
save your wallet! Whether
you are an individual or large corporation and whether you just need help with
your tax return or want to carryover losses in a merger, Vector Tax &
Accounting will help you find the best solutions to your tax and accounting
needs. To find out what possibilities are right for your small business, corporation
or even non-profit and to receive expert business advice and tax preparation
visit Vector Tax & Accountingonline or call (860) 580-5183.

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