CPA Financial Architects will be there for all your financial matters when you make your leap from employed to self-employed. We will start off by listening to your business plans and tax issues face to face. This helps us gain important details that we can use to plan and organize tax solutions for every business requirement in a tax law and regulations environment, which is constantly changing. Many people do not realize that every financial event such as a business transition or acquisition can have a profound effect on the health and tax status of your business. That’s why our mission is to try and make sense of complicated tax laws.

Sole Proprietorships and partnerships are the easiest and most common form of company set ups. It is also very easy to ignore certain formalities. These include local registration requirements, business licenses and paying taxes on your income. Failure to comply with state and federal legislation can lead to persecution for tax evasion. CPA Financial Architects are accounting experts located in the Las Vegas Metropolitan area of Henderson, who can assist and guide you on forms you may be required to file. The team at CPA Financial Architects will take action if you are liable for the following:

• Income Tax
• Self-Employment Tax
• Estimated Tax
• Social Security, Medicare taxes and Withhold taxes
• Providing information on social security and Medicare taxes and income tax withholding
• Federal unemployment (FUTA) tax
• Filing information returns for payments to non employees and transactions with other persons
• Required to pay Excise Taxes

Sole Proprietorships must file an annual return to the IRS, so they are aware of your business’s income and expenses. A sole proprietor refers to one owner, but could have employees, which also need to be accounted for. If only the proprietor operates the business, then it can function under the owner’s Social Security number. However, if staff is hired, you may want to look into retirement plans to hold on to productive workers and file other documents related to employed workers at your business. Above all, if your business is profitable you are eligible to pay self- employment taxes.

CPA Financial Architects can take care of all your business, accounting and tax requirements if you are located in or outside Henderson, Nevada. Setting up and working in a company on your own can be a lonely and overwhelming experience for anyone. That is why the team at CPA Financial Architectsare there to give you the best accounting and tax practice, guidance as well as support necessary to be successful, and most importantly, profitable.