Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, our team can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
We offer expert consultation if you want to start a new business or have questions with your current entity of choice. Our services include the following areas:
· C Corporation
· S Corporation
· Professional Corporation
· Limited Liability Company (LLC)
· Limited Liability Partnership (LLP)
· Limited Partnership
· Non-profit Corporation
We provide a wide variety of business consulting services including individual and business tax analysis, business model and entity type analysis, questions about payroll taxes, sales taxes, retirement plans, QuickBooks tutorials and troubleshooting, etc.
We offer a free 30 minutes initial consultation and will charge a reasonable hourly rate after that. Our goal is to help our current and future clients get a clear start and build a long-term relationship with us.
We are partnered with the largest national payroll company called ADP to help our clients process their payroll and payroll taxes. You will have a private ADP account to input your employee’s info, salary amounts, deductions, etc. By using ADP, you can easily pull any payroll reports, analyze payroll expenses, minimize calculation errors and have a worry-free experience.
If you have contract labors, you need to issue 1099 to them if your annual payout to them is over $600 per person. Chance Accountancy can help you issue the 1099 forms for your contractors with a competitive per form rate.
The deadline for distributing 1099 forms to the contractors is January 31. The filing deadlines are different based on the types of 1099. Make sure you contact us in or before January to avoid any late filing penalties.
Other Misc. Services
· Sales tax returns upon request
· Filing form 571-L upon request
· Gift tax returns and foreign gifts receipts upon request
· CA Statement of Information filings upon request
· Business license application and renewal upon request