Remington Financial Group Business Consulting Services

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Remington Financial Group Business Consulting Services

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What do I need to do to start a new business? Typically, most people will go to their lawyer first, get the business set up and then contact an accountant. I would rather that you contact me at the beginning. There are many different kinds of companies and I can help you select the best one for the kind of company that you will be setting up. Then I will continue to help you with payroll, tax returns, monthly accounting, and financial statements to whatever degree you need.Yes. When setting up a new business, it is crucial to set up the right type of business, such as corporation, S corporation, limited liability company, limited liability partnership, partnership, sole proprietorship, etc.

When should I give you my tax information? You should bring all your information in as soon as you have it all together. The sooner you bring it in to me the better chance I have at making sure I've done the best possible job for you.Some people do not need the expertise of a Certified Public Accountant. The best way to find out is to call a CPA firm and ask them that question as each situation is different.

What is the annual gift tax exclusion? The annual exclusion is $11,000 for 2004 and 2003, per donee, with an annual maximum of $22,000 per donee applicable to spouses who utilize gift splitting. Additionally, there is an unlimited exclusion for payments of tuition and medical expenses.You should bring all your information in as soon as you have it all together. The sooner you bring it in to me the better chance I have at making sure I've done the best possible job for you.

What is an Authorized IRS e-file Provider? An Authorized IRS e-file Provider is a tax professional or firm who is accepted into the IRS electronic filing program. One type of Authorized IRS e-file Provider is an Electronic Return Originator (ERO). An ERO is a person or firm that taxpayers entrust with tax information for the purpose of filing income tax returns electronically to the IRS. Keener Consulting is an ERO.The annual exclusion is $11,000 for 2004 and 2003, per donee, with an annual maximum of $22,000 per donee applicable to spouses who utilize gift splitting. Additionally, there is an unlimited exclusion for payments of tuition and medical expenses.

How do I know that the IRS really has my return? The IRS notifies your Authorized IRS e-file Provider within 48 hours of transmission that your return information was received. If the IRS detects any errors, it sends a message back to our firm indicating the error. My firm will correct the error and notify you to let you know what the error was. I will then retransmit your returns to the IRS.Some people do not need the expertise of a Certified Public Accountant. The best way to find out is to call a CPA firm and ask them that question as each situation is different.An Authorized IRS e-file Provider is a tax professional or firm who is accepted into the IRS electronic filing program.

Should I use a lawyer or an accountant to incorporate my business? Although lawyers can get the paperwork together to make your incorporation happen, they might not know all the different tax laws that can apply to the different kinds of incorporations. Therefore, I suggest you see an accountant first to find out exactly which kind of incorporation you should pursue. Then have your lawyer finish the paperwork.My practice services clients in many other areas. I have several clients in the Dallas-Fort Worth metroplex.
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