Why Pay and Prepare Your Taxes

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Turbotax vs Tax Preparation Services

Intuit Corporation, whose stock symbol NASDAQ: INTU maker of Turbotax and QuickBooks have perhaps the best software on the market. They are the market leader. Approximately four (4) million people use Turbotax to prepare their Income Tax Returns. The software is phonemically easy to use and awesome. No question about this.

Here is what concerns us. With such phonemical software, why do Intuit Inc. need Live Tax Expert? The software should prepare your taxes, right? You got my point?

We all have skill sets that we have acquired or developed over the years. Because we are good at what we do, does this means we will be good at doing our taxes? We think the latter.

Tax Professionals, Tax Expertise’s, Tax Attorneys serve a valuable purpose. They are trained and are expertise in what they do.

You need a Tax Expertise’s To Prepare Your Taxes.

Local Tax Practice in Burbank, Glendale, and Pasadena

What separate us from our competitors is that we are local in the Burbank, Glendale and Pasadena area.

Our promise to you:

We will handle your Tax Return as if it is ours. We will exercise due diligence and prepare your return with the uttermost care. Our word is what bound us.

We like to be your Tax Preparer in the Los Angeles, LA, Burbank, Glendale, Pasadena, Inglewood, Carson, Beverly Hills, West LA, La Crescenta-Montrose, Torrance and all of Southern California.

    I Did Not Get My (1st) First or (2nd) Second Stimulus Payments?

    If you have not received your first or Second Stimulus Payment, no problem. Call Us @ (866)542-9551 or email us at lapremiertax@gmail.com | We will file a CLAIM i.e. tax return for you.

    You will Need to provide us with the following:
    1. A valid State Issue ID – or Driver’s License
    2. Social Security Card or ITIN issued Number
    3. Place of Residence or Where you Receive Your Mail
    4. Zoom or Google Meet or a Video Chat if Necessary or whatever other video chat you used.
    _______________________________

    If you didn’t get the full amount of the first or second payment you were eligible for, you may be eligible to claim the 2020 Recovery Rebate Credit and must file a 2020 tax return, even if you aren’t required to file.

    Get Your Stimulus Money – $3,200 For You

    You are Entitle To Your Stimulus Money

    Friendly Tax Services are committed to assisting individuals and families who have not received their STIMULUS MONEY. Individuals who have not received any of their Money can get up to $3,200.oo.

    1. The Coronavirus Aid, Relief, and Economic Security (CARES) Act – $1,200
    2. FAMILIES FIRST CORONAVIRUS RESPONSE ACT – $600
    3. American Rescue Plan Act – $1,400

    To get your stimulus money, you will need to file a Tax Return. We are here to help you. Contact us below or give us a call at (866)542-9551

    Common Tax Errors That Can Be Costly

    A small business owner oftentimes have to wear many hats. They might have to wear their boss hat one day, and the employee hat the next day. When tax season comes around, they may think of doing their taxes as just another item to quickly cross off their to-do list.

    However, this approach could leave taxpayers open to mistakes when filing and paying taxes.

    Accidentally failing to comply with tax laws, violating tax codes, or filling out forms incorrectly can leave taxpayers and their businesses open to possible penalties. The IRS encourages small businesses to explore using a reputable tax preparer – including Certified Public Accountants (CPA), Enrolled Agents or other knowledgeable tax professionals – to help with their tax situation. Filing electronically can also help avoid common errors.

    Being aware of common mistakes can also help tame the stress of tax time. Here are a few mistakes small business owners should avoid:

    Underpaying estimated taxes

    Business owners should generally make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed. If they don’t pay enough tax through withholding and estimated tax payments, they may be charged a penalty.

    Depositing employment taxes

    Business owners with employees are expected to deposit taxes they withhold, plus the employer’s share of those taxes, through electronic fund transfers. If those taxes are not deposited correctly and on time, the business owner may be charged a penalty.

    Filing late

    Just like individual returns, business tax returns must be filed in a timely manner. To avoid late filing penalties, taxpayers should be aware of all tax requirements for their type of business the filing deadlines.

    Not separating business and personal expenses

    It can be tempting to use one credit card for all expenses especially if the business is a sole proprietorship. Doing so can make it very hard to tell legitimate business expenses from personal ones. This could cause errors when claiming deductions and become a problem if the taxpayer or their business is ever audited.

    That’s why partnering with Premier Financial Tax & Accounting Services all year round can help prevent inaccurate filing. We will do the necessary tax research and make sure that your business is always in compliance with the tax laws.

    More information:

    Publication 535
    Publication 505, Tax Withholding and Estimated Tax
    Publication 15, Circular E, Employer’s Tax Guide
    Choosing a Tax Preparer

    Friendly Tax Services

    Friendly Tax Services is the premier income tax preparation firm for individuals, families, small business owners and the self-employed; Uber, Lyft, Taxi, and Limousine drivers; Actors, Independent Contractors and Entrepreneurs. We have empathy and understand the toll driving takes on Uber, Lyft, Taxi, and Truck drivers. That driving is time consuming. Uber drivers just don’t have the time it takes time to keep track of those business-related expenses.


    Contact Us

    • Address :

      1010 N Central Ave. Suite 415 Glendale, CA 91202
    • Call Us :

      (323)451-5768
      (866)542-9551
    • E-mail Us :

      Contact@LAPremierTax.com
    FRIENDLY Tax Services (Accountants and Tax Preparers)