3 Best Tax Practices For All SMB Owners to Build Greatness

As a business owner, you already know that taxes are a huge part of your responsibility. That said, you may still not be engaging in the 3 best tax practices when it comes to your taxes.

That is why, as your trusted tax, financial, and consulting firm in Baltimore, Maryland, we at Macro Resource, Inc. have enumerated ways you can improve your tax processes:

  1. Hire a reputable accountant.
    A good accountant works with you. Aside from providing you with the usual accounting fare in handling your finances and preparing your financial statements, a good accountant must also offer you consulting services that will let you understand your cash flow, so you can grow your business.
  2. Prepare for tax season.
    Tax preparation can save you valuable time and money. It lets you focus on your core services, prevent tax mishaps, make sure you don’t miss deadlines, and of course, get your refunds faster.
  3. Classify your business correctly.
    You would be surprised how many small and medium business owners file their businesses under the wrong classification. Doing so causes them to overpay or underpay their taxes; either way, is added work. Make sure you don’t make the same mistake.

We can take on all these when you enlist our expertise. We offer federal and state individual tax preparation, business income tax, and guidance and MD Taxpayer representation before the Internal Revenue Services (IRS) in the event of tax audits. We also provide Management Consulting Services in Maryland for your convenience.

Accounting & Taxes
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Tax Preparation

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Business Income Tax

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Non-Profit Organizations

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Federal And State Individual Income Tax Preparation

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Representing Taxpayers Before The IRS

Management
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Bookkeeping

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Estate Planning

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Strategic Planning

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IRS Representation

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QuickBooks Training

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Business Evaluations

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Small Business Set-Ups

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Tax Consulting/Preparations

Government Contracting
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Income Tax Preparer And Consulting

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General Business Administrative Management Consultant

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Enrolled Agent (EA) – Represents The U.S. Taxpayers Before IRS