Arauz Inc. Accountants and Tax Consultants

This 5-point checklist of key areas will help you see if your plan keeps up with your life.

An annual financial plan lets you determine your financial situation at a given moment.

Working with a financial professional can help you clarify your financial needs and goals and find the right financial products and services, to fit your budget and lifestyle.

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Employers withhold taxes throughout the year for W-2 employees, and if they do it right, the money is usually enough to cover the employee’s tax liability for the year.

But they occasionally get it wrong. So, if you’re wondering, “Why was no federal income tax withheld from my paycheck?” the best way to find out is to ask your employer.

Here are some possible reasons why your employer did not withhold federal taxes (or even state taxes):

• Employer Reported Wrong W-2 Wages and Withholding
• Employee Provided Inaccurate W-4 Tax Withholding Information.
• Employer Misclassified Employee as Independent Contractor

In most cases, you still owe the taxes to the IRS even if your employer or payroll department was the one who messed up by not withholding enough taxes during the year.

We are here to help you, contact us (703)218-3457

Mark your calendars 🗓️ important tax dates are just around the corner. Start to gather your documents 📃

If you need help don’t hesitate to contact us.
We are the financial support you can trust. 🤝🏼

It is important to file W2s and 1099s before the due date to avoid costly penalties. It will also ensure your employees and subcontractors, have the forms they need to finish their taxes on time.

Are you feeling overwhelmed by the details? We are here to help you. We are the financial support you can trust.

Contact us (703) 218-3457
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Es importante presentar los formularios W2 y 1099 antes de la fecha de vencimiento para evitar multas costosas. También garantizará que sus empleados y subcontratistas tengan los formularios que necesitan para terminar sus impuestos a tiempo.

¿Se siente abrumado? Estamos aquí para ayudarle. Somos el apoyo financiero en el que puede confiar.

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Contact us for assistance

We are here to help you grow your business 🤝🏼

Sales taxes?

Save time and money with us, let us handle the hard work.
‼️Avoid penalties and interest by reporting and paying on time!!!

*This service is free if you have an accounting contract with us.

https://arauzinc.com/services/

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¿Impuesto sobre la venta?

Ahorre tiempo y dinero con nosotros, permítanos encargarnos del trabajo pesado.
‼️Evite multas e intereses reportando y pagando a tiempo!

*Este servicio es gratuito si tiene contrato de contabilidad con nosotros.

Somos el apoyo financiero en el que puede confiar.
Contactenos para mas información
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The deadline is Jan 31, 2024.

You will need each subcontractor's Name, Address, and ITIN to issue the 1099 Form.

Contact Us https://arauzinc.com/services/

The IRS made inflation adjustments to the standard deduction that you should be aware of. This will directly impact your tax return for 2023 unless you itemized your deductions.

Your total tax liability depends on your overall income level, filing status, available credits and these deductions.

If you have any questions please get in touch with us at 703-218-3457 or send us a DM!

There are many different versions of Form 1099 depending on the type of income you need to report when you file your return,.

If you do any self-employed or freelance work, Each January, you may receive 1099 forms from each of your clients reporting the income they paid to you, the IRS is getting copies, too.

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Hay versiones diferentes de la Forma 1099 dependiendo del tipo de ingresos que necesite declarar.

Si trabaja independiente, en enero debe recibir formas 1099 de cada uno de sus clientes informando los ingresos que le pagaron, el IRS recibirá copia también.

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Arauz Inc. – Accountants & Tax Consultants Review Of Arauz Inc. What Sets Us Apart With a longstanding experience of over 25 years in accounting services, our focus has always been one thing – You. Whether handling your business or your personal finances we have been dedicated to presenting accurate and efficient reporting so that you are ...