Sunset Accounting specializes in accounting and tax preparation for a wide variety of clients. We have served the Tampa Bay area since 1990 with a focus on personal, individually tailored services. Visit the "Services" area of our site to learn more about the many accounting and tax services available to individuals and businesses. Visit the "Contact Us" page for information regarding how to reach us via telephone, fax, e-mail or mail.
Services
Your business has unique characteristics and unique needs.
Sunset Accounting offers a wide array of services tailored to fit those needs and demands.
Monthly, quarterly and year-end Balance sheet and Operating Statements are prepared accurately and timely for a broad range of small business clients.
Payroll processing is a very necessary evil when it comes to running your business.
Having your employees paid accurately, on time and with as little effort from you the business owner as possible, is of the utmost importance.
Sunset Accounting offers a wide array of services tailored to fit those needs and demands.
Monthly, quarterly and year-end Balance sheet and Operating Statements are prepared accurately and timely for a broad range of small business clients.
Payroll processing is a very necessary evil when it comes to running your business.
Having your employees paid accurately, on time and with as little effort from you the business owner as possible, is of the utmost importance.
It is a good policy to save copies of your 1040 and supporting schedules indefinitely.
2. The IRS requires record retention as long as they are important for Federal Tax law.
3. Keep ALL--bank statements, checks, receipts and other financial records for at least three years, especially those documents that will support your tax return figures.
2. The IRS requires record retention as long as they are important for Federal Tax law.
3. Keep ALL--bank statements, checks, receipts and other financial records for at least three years, especially those documents that will support your tax return figures.
If you operate as a sole-proprietorship, all of its income will be subject to self-employment tax.
If you put the business into an S Corporation, none of the income will be subject to self-employment tax.
Entrepreneurs will be inclined to heavily discount any decrease in future social security benefits as a trade-off, so organizing as an S Corporation and avoiding self-employment tax seems like a no-brainer for a sole proprietor.
There is a catch.
In the C corporation arena, the IRS is wont to argue that very high salaries are disguised dividends.
If you put the business into an S Corporation, none of the income will be subject to self-employment tax.
Entrepreneurs will be inclined to heavily discount any decrease in future social security benefits as a trade-off, so organizing as an S Corporation and avoiding self-employment tax seems like a no-brainer for a sole proprietor.
There is a catch.
In the C corporation arena, the IRS is wont to argue that very high salaries are disguised dividends.
For most people, the hardest part of their tax year is pulling everything together in preparation for filing their returns.
Oftentimes they misplace their tax information, receipts, and so on.
You can fill out the tax forms yourself or have us do it for you.
Either way, the IRS holds you responsible for the accuracy of the information reported.
The IRS will look to you for documentary proof of the deductions you claim.
Whether you enlist the help of a tax preparer or not, the time to start preparing for tax filing is at the beginning of each tax year.
Oftentimes they misplace their tax information, receipts, and so on.
You can fill out the tax forms yourself or have us do it for you.
Either way, the IRS holds you responsible for the accuracy of the information reported.
The IRS will look to you for documentary proof of the deductions you claim.
Whether you enlist the help of a tax preparer or not, the time to start preparing for tax filing is at the beginning of each tax year.
Are you contemplating starting your own business?
Feel like the challenge of getting it set up is just too confusing?
Too time consuming?
Too costly?
With our StartupPlus package, we can have you set up in the best business structure for your particular situation within 24-36 hours.
And all for a price you can afford.
Let us show you how.
Feel like the challenge of getting it set up is just too confusing?
Too time consuming?
Too costly?
With our StartupPlus package, we can have you set up in the best business structure for your particular situation within 24-36 hours.
And all for a price you can afford.
Let us show you how.
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