Transparency in Accounting
AC Tax Group aims to educate our clients on the continuously changing tax laws and provide comprehensive solutions to stay compliant.
We provide revenue growth models for businesses to succeed. We create a strong platform by offering full service accounting and laying the foundation of solid practices.
We combine the latest technology and techniques to offer a modern approach to accounting that simplifies the process and eases the burden on the client.
We represent clients before the IRS to resolve tax issues, negotiate debt, and respond to letters and notices.
We specialize and focus on tax and accounting and do not prepare or audit financial statements.
If there is a form issued by the IRS, then we can help. From estates to individuals, we enjoy being in a position to help.
Specialty Solutions
AC Tax Group provides tax and accounting solutions for businesses and independent professionals across the United States. We help our clients reach their growth potential by providing on-going support and open dialogue as we strive to understand their ever-changing business needs.
At AC Tax Group we come to you — all our services are offered remotely. We integrate a user-friendly client portal for document management with virtual meetings to deliver you world class service on your time, where you do business.
Our dedicated team assists clients in choosing the best solutions for their businesses. We use a comprehensive approach that incorporates taxes, bookkeeping, and payroll into a plan that will boost your business growth while helping you deepen your understanding of your business operations.
Save money and time by outsourcing your accounting and tax work to professionals who will always go that extra mile — choose AC Tax Group, LLC.
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📢Calling all businesses:
How can Strategic Planning boost YOUR profits?
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Find out how with this 30 min FREE one-on-one business consultation. 👇
calendly.com/actaxgroup/free-business-consultation-non-referral
#boostprofits #businessprofits #actaxgroup #taxplanning #accounting #businessplan #businessgrowth
🎉The winner of our golf outing raffle was Diamond State Counseling!! 🏌️
🌟So glad they had a blast at this event!✨
Thank you to the Middletown Area Chamber of Commerce for hosting -- see you all next year!
🏌️♀️Calling all golfers!
❗️Only 1 week left!!⚠️
🎟We are raffling off 2 tickets to the Middletown Area Chamber of Commerce 17th Annual Golf outing!
👉How to enter: Send us business referrals. Each referral equals one entry for you into the raffle!
🎯Where: Odessa National Golf Club, 1131 Fieldsboro Rd, Townsend, DE 19734
🕰When: July 21, 2022 at 10am.
The contest runs from now until July 10th. We will announce the winner on July 11!
Send your referrals here: calendly.com/actaxgroup/accounting-for-new-business-client
#golf #middletownareachamberofcommerce #MACC #odessanationalgolfclub #golfing #raffle #actaxgroupllc #smallbusiness #accounting #smallbusinessgrowth
🏌️♀️Calling all golfers!
❗️Don't forget!!⚠️
🎟We are raffling off 2 tickets to the Middletown Area Chamber of Commerce 17th Annual Golf outing!
👉How to enter: Send us business referrals. Each referral equals one entry for you into the raffle!
🎯Where: Odessa National Golf Club, 1131 Fieldsboro Rd, Townsend, DE 19734
🕰When: July 21, 2022 at 10am.
The contest runs from now until July 10th. We will announce the winner on July 11!
Send your referrals here: calendly.com/actaxgroup/accounting-for-new-business-client
#golf #middletownareachamberofcommerce #MACC #odessanationalgolfclub #golfing #raffle #actaxgroupllc #smallbusiness #accounting #smallbusinessgrowth
❗Attention Small Business Owners!⚠️
The IRS changed rules for Form 1099-K, and this could affect you!
🤓What is form 1099-K and why is it important?🤔
A 1099-K is issued by a third party settlement organization (TPSO), otherwise known as a payment settlement entity (PSE). The TPSO/PSE must issue a 1099-K to payees (a business using their services) under certain conditions. The 1099-K form reports to the IRS how much money a payee earned through online and payment card transactions using this third party service. (Are you asleep yet?😴)
🤯That's a lot of alphabet soup, but to put it simply here is an example.👇
You're a small business. You use PayPal to accept online payments for merchandise or services that you sell. You earn $1000 through the PayPal transactions in 1 calendar year. PayPal must now issue you a 1099-K outlining that $1000 earned (which in turn reports that income to the IRS).
The 1099-K must now be issued if you earn more than $600 during the year. Previously, it was only if you earned $20,000+!
😨$20,000 down to $600?! That's a big difference!💥
The end result of which is that a LOT more businesses will be receiving these 1099-K forms for the 2022 tax year.
⁉️What should you do?
You should keep detailed records of all income received through these third party settlement organizations (PayPal, Stripe, Square, etc.). When you receive the 1099-K at the beginning of 2023, you want to be sure that it is accurate! You can only do this through detailed record keeping.
We know that maintaining these records can be tedious and takes away from what you do best: running your business and making money!
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🙏That's why we are here to help. 😎
To schedule a one-on-one meeting and learn how we take care of the numbers while you grow your business, visit us here: calendly.com/actaxgroup/accounting-for-new-business-client
To read up on this new rule change, you can go here: www.irs.gov/payments/general-faqs-on-new-payment-card-reporting-requirements
#1099k #IRS #accounting #smallbusiness #taxes #smallbusinesstaxes #accountingforsmallbusiness #growyoursmallbusiness #actaxgroup
Accounting for New Business Client - Anthony Colonnello
calendly.com
30 minute one-on-one business consultation for small business owners interested in making more money.We help you grow your business by offering you:-Coaching-Bookkeeping-Accounting-Tax Planning and Re...