Audit Risk Assessment Package

Small business owners do not have time to focus on the intricacies of U.S. tax laws and regulations. They may not know how entity formation impacts tax filing requirements and estimated tax payments. And there are so many other factors that can impact a business owner’s tax obligations.

Here are just a few of the questions a business owner may need to address:

  • Do I pay the people I hire as wage earners (W-2) or independent contractors (1099)?

  • If I have W-2 employees, what are my Federal Tax Deposit requirements?

  • If I am an independent contractor working as a sole proprietorship or single-member LLC, what are my are my tax filing and payment requirements?

  • Do I need an Employer Identification Number (EIN)?

  • Should I set up an LLC?

  • Should I convert from a sole proprietorship to an S-Corp?

  • What expenses are deductible for my business?

There are so many more tax questions that arise when starting and running a business. Whether you are a sole proprietor working odd jobs or a retail business with employees and inventory, it is essential to make sure your bookkeeping and records are correct, and that you are properly complying with all federal and state tax laws. JRB Law can help make sure you are on the right track and help you plan for future growth.

Open your books to JRB Law so that, hopefully, you never need to open them to the IRS or Illinois Department of Revenue in an audit proceeding. JRB Law will review your tax returns, financial records, and accounts, and advise you of any changes you should make, any missed deductions or credits, and any red flags that could give rise to a tax audit.

Get peace of mind for just $1,200! This will include a one-time review and consultation with the attorney.