Exceptional Tax Preparation Services in Livonia, MI
Preparing and filing your taxes is a critical task that can often require help from a trusted CPA. At Anil Sakhuja & Associates P.C., we provide timely and accurate tax services to both businesses and individuals in Livonia, MI. Our trusted CPAs will help you maximize your deductions and minimize your liability.
Our CPAs bring a wealth of experience to your business, helping you make the most of tax time. Our team enables you to find opportunities to save, avoid hefty fines, and remain compliant with the IRS tax regulations. If you need help with tax resolution, have questions about taxes, or you're starting your new business, we can provide the support you deserve. Contact us today and schedule your free consultation.
Tax Preparation for Individuals
At Anil Sakhuja & Associates,P.C., we will help you prepare for taxes by organizing your records in January. Our team will make sure you avoid overlooking critical financial details or missing relevant deductions. We will analyze your financial situation and help you use every saving opportunity available to you.
Tax Preparation for Businesses
Most businesses are required to file quarterly and annually. As a business, you also need to file both state and federal taxes and deal with payroll and sales taxes as well. Our accountants are ready to handle every type of tax your business needs to file. We will send you a business organizer to put all your financial records in order so that you are ready when it is tax time.
Should My Business File Taxes Annually and Quarterly?
Your business type and cash flow determine whether you need to file your taxes quarterly or just annually. Here is how to determine when you should submit your returns:
Filing Taxes Annually - By April 15th of every year, all businesses are required by law to file taxes, including those that file quarterly. If your company pays taxes every quarter, this will be the time you calculate your annual liability, deduct your quarterly payments, and pay or collect the difference.
Filing Taxes Quarterly - If you own a sole proprietorship, a partnership, an S corporation, or are self-employed, you must pay estimated taxes every quarter. You don't need to file quarterly if all you owe is less than $1,000 in taxes.
Tax Planning for Individuals & Businesses
Analyzing your investments, income, expenses, and retirement plans are a big part of tax planning. You can minimize your tax liability by deferring your income into a retirement plan or through estate planning. Our team can also help you navigate life events, like getting married, having a newborn, or anything else that requires planning.
When it comes to tax planning for businesses, we are experts in planning your purchases and implementing strategies to reduce your tax liability. This results in more funds for your business to cover expenses and investment. We help you know exactly how much your business will owe the IRS at the end of the year by planning your tax payments every three months. This makes it more convenient than doing it as a lump sum.
Tax Resolution Services
Even the most diligent taxpayers can find themselves in trouble with state and tax agencies due to innocent mistakes. If you owe the IRS, we can assess your tax issues and come up with customized solutions to arrange a settlement plan with the IRS. We can organize your financial documents and tax returns, preparing you to engage effectively with the IRS. Anil Sakhuja & Associates,P.C. will make the process less costly or intimidating.
Payroll & Sales Taxes
Payroll taxes are known to be complicated and time-consuming. You can rely on our team to help you avoid hefty fines by preparing and filing your payroll taxes to meet all your deadlines.
The IRS expects your business to withhold a portion of your employees' wages. These amounts are used towards local and state income tax and Social Security, as well as benefits such as Medicare. Other things the withholding can go towards may also include court-ordered deductions such as wage garnishments for child support or debt payment.
We recognize that sales tax can be a headache, and we are happy to take care of the details so you can focus on your growing your business.
Take Control of Your Tax Preparation with Anil Sakhuja & Associates,P.C.
With Anil Sakhuja & Associates,P.C., your tax preparation is in good hands. We proudly support businesses and individuals across Livonia, MI, and the surrounding neighborhoods. Our mission is to help you navigate the tax season smoothly and give you peace of mind. Contact our office today for a free consultation and take the next step toward effective tax preparation!