Bookkeeping

Proper tax planning can help minimize the financial impact on the partners and ensure compliance with all relevant regulations. Limited liability partnerships (LLPs) offer a blend of features from both general and limited partnerships. In an LLP, all partners have limited liability, protecting their personal assets from the business’s debts. Admission and Withdrawal of Partners […]

An important point to note is that while you can start filing your taxes in December or January with tax software providers, the IRS will not accept or process any returns (paper or electronic) until IRS e-File officially goes live. Help is also available, including Volunteer Income Tax Assistance (VITA)/Tax Counseling for the Elderly (TCE)