Tax Planning and Compliance:
Today’s tax laws and regulations are more complex and time consuming than ever. Understanding the ever-changing various federal and state tax codes places additional stress on small and growing businesses.
According to Internal Revenue Service and Small Business Administration statistics, the IRS has reduced the number of hours its agents spend auditing large corporations by more than one-third since 2005 choosing instead to
deploy those resources on audits of small companies.
A partnership with SE7EN will ensure proactive and innovative solutions for all your tax planning and compliance needs. SE7EN’s consultants will coordinate tax planning and compliance strategies exclusive to your business needs, helping to maximize certain tax benefits while minimizing the overall tax burden.
Tax Planning and Compliance Services:
- Planning for and ensuring that tax payments are made promptly
- Partnering with your tax preparer to ensure accuracy and completeness of returns
- Researching the tax codes to identify credits and incentives
- Ensuring you are aware of changing tax laws and regulations
- Identifying methods to reduce the payroll tax burden
Staying up to date on the constantly changing tax laws and regulations is essential for all growing businesses. SE7EN’s advanced knowledge and ability to take advantage of changing tax conditions will position your small and growing business to capitalize on tax benefits and minimize overall tax burdens.
The HIRE Act
On March 18th, 2010 President Obama signed the Hiring Incentives to Restore Employment Act (HIRE Act) that targets small business owners and offers tax benefits to help curb rising unemployment. The HIRE Act establishes a payroll tax exemption for hiring unemployed workers and offers a one-time credit when employees are retained for one year. The HIRE Act is time sensitive, but your partnership with SE7EN will ensure that your business takes full advantage of all benefits.