Our customers make up a diverse arrangement of companies and personalities. From online vendors in the e-commerce trade, to the mechanic on Main Street, to consultants, CTN clients represent the heart of the American working class and we are very proud to serve them. We know that, although their business models may vary, their g...
Archive for the ‘LLC Taxes’ Category
LLC Tax ID or LLC EIN – What is it?
For a single member or sole owner LLC there may be no need to have a federal tax id however if there are more than one members and/or employees involved than the LLC will have to have a federal employer identification number, also known as a FEIN which is their tax id for LLC. Form ......
LLC Tax Preparation
Preparing the taxes for any company is a daunting tax and should be handled by a licensed and certified professional. LLC tax preparation can be very confusing, especially if it is owned by more than one person. The more people that are involved, the more confusing some of the paper work can become. There are ......
LLC Tax Forms
There are a number of different tax forms that must be filed, and the more money you make, the more forms you are likely to have to file. When you are a LLC member, you will find that there are a number of additional forms that you have to fill out over and beyond the ......
LLC Tax Benefits
What are the LLC Tax Benefits? There are many reasons to explore using a limited liability company for your business, including the tax benefits. There are some drawbacks of course, but for the most part there are a number of fairly beneficial perks that make it worth considering especially for certain types of business. For ....
LLC Self Employment Tax
As an owner of a limited liability company you are not considered to be an employee. You are instead, a self employed business owner whether you have full stake in the company or not. If you have invested only a small portion in the company and do not make decisions about its direction or its ......
LLC Taxation
LLC taxation is different from that of a corporation or other business entities in a number of ways. First, the LLC does not pay federal taxes on its earnings through the year. Do not misconstrue that as reading “tax free” because that is not true. However, the way that the taxes are paid is different. ......
Why You Need A CPA To File LLC Taxes
If you have a LLC or Limited Liability Company, you may think to file the LLC taxes yourself. However, if you are concerned that you don’t understand the LLC tax code or that you might be about to make a costly error in your filing, it is better to hire a CPA who knows not ......
