Specialties
Vector Tax & Accounting Services delivers individual and small business tax solutions in bookkeeping, tax preparation and accounting along with their expert know-how to save hard-earned profits. Much of the confusion in small business tax accounting comes from sole proprietorship IRS reporting requirements. A sole proprietor is anyone who owns an unincorporated business by him or herself. As a sole proprietor of a business, the individual owner must report the business' income and losses on their personal IRS income tax return. With out a doubt, trained and effective bookkeeping expertise will keep these balances in order. But, even more importantly, good bookkeeping and accounting will demonstrate any possibilities for a business to save money. And who doesn't love to save money?In particular, Vector Tax & Accounting Services analyze accounting and aid with QuickBooks to assess a business' possibilities for incorporation. The secret to saving lies in eliminating 'self-employment taxes', which are required of the sole proprietor business owner. Sole proprietors must pay these '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 reinvestment into the business...