Corporate Tax Lawyers in Rockville Protecting the Interests of Corporate Clients in Maryland, Virginia, and D.C.
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There are a number of tax issues which business owners must be aware of when purchasing or starting a business, operating the business, or preparing for its sale. By consulting with a dedicated tax attorney at the start (or end) of a business venture, and seeking advice on employment tax, sales tax, and other corporate tax liability matters on an ongoing basis, the responsible business owner minimizes the chances for unpleasant inquiries and/or findings from the IRS or state taxing authorities.
The tax attorneys at Kundra & Associates provide legal advice and defense strategies for international and national business tax clients. Whether you have a question about interstate/intrastate sales tax or a concern about immigrant workers and employment tax, Kundra & Associates is your authoritative source for information regarding business tax liabilities.
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Employment Tax Liabilities
Every business faces the potential for employment tax problems. Some businesses, however, are more susceptible than others, particularly businesses that rely upon seasonal labor as well as those that use immigrant and contract workers. Failure to collect and maintain the proper information and to ensure you have a correct Social Security number on file for every worker can result in heavy fines and tax assessments.
It is critical that a business have procedures in place and to ensure that its files are up to date to be ready to respond effectively to an IRS or state tax department inquiry. If you have questions regarding your corporate tax liability for employment taxes, you are facing an investigation, or you have been fined by a tax authority relating to the collection of employment taxes, contact Kundra & Associates.
New business opportunities — particularly those using the Internet with its ability to enable even small businesses to reach new customers nationally and internationally — present additional challenges to businesses that must collect and remit sales tax. Failure to pay the proper percentage and/or to remit in a timely manner can result in unwanted and expensive problems with state taxing authorities.
Purchase or Sale of a Business
Corporate tax liabilities are one category of an audited financial statement; the document a prospective buyer or lender will review. Proper reporting and timely handling of corporate tax liabilities can help ensure your company’s financial health is visible to outside examiners.
Contact an Experienced Tax Lawyer at Kundra & Associates
To schedule a consultation with a corporate tax attorney regarding corporate tax liabilities, contact Kundra & Associates.