Navigating the complexities of licensing and permitting is essential for any business to operate legally and efficiently. At ARC Tax, we provide expert guidance to ensure you secure the necessary licenses and permits for your business, no matter your industry. From business license applications to industry-specific permits, we streamline the process so you can focus on growing your business.
Our services include assistance with alcohol and tobacco licenses, sales tax permits, zoning and occupancy approvals, and more. Proper licensing not only ensures compliance with federal, state, and local regulations but also builds trust with customers and establishes your business as a credible and professional operation.
Let ARC Tax handle the paperwork and intricacies of licensing and permitting, giving you peace of mind and more time to focus on what
Yes, the business entity you select—such as an LLC, corporation, sole proprietorship, or partnership—directly impacts how your business income is taxed. For example, LLCs and partnerships are pass-through entities, meaning the income is taxed on your personal return, while corporations pay taxes at the corporate level.
A sole proprietorship reports all business income on the owner’s personal tax return using Schedule C. An LLC can choose to be taxed as a sole proprietorship, partnership, or corporation, offering more flexibility and potential liability protection.
It depends. Forming a business entity can help you access deductions and tax-saving strategies unavailable to individuals. For instance, LLCs and corporations can deduct business expenses such as salaries, equipment, and operational costs. The exact benefits depend on your business structure and income.
Yes, most business entities require an Employer Identification Number (EIN) for tax filing and compliance purposes. Sole proprietors with no employees can use their Social Security Number, but an EIN is often recommended for added privacy and professionalism.
Tax-deductible expenses include costs that are ordinary and necessary for running your business, such as rent, utilities, advertising, and payroll. The specific deductions you qualify for depend on your business structure and operations.
Quarterly estimated tax payments are required if your business is expected to owe $1,000 or more in taxes at year-end. This applies to pass-through entities (e.g., sole proprietorships, partnerships, and LLCs) and some corporations. These payments help you stay compliant and avoid penalties.
If your business has employees, you’re responsible for withholding and paying payroll taxes, such as Social Security, Medicare, and unemployment taxes. These must be reported and paid on time to avoid penalties.
Yes, you can change your business structure as your business grows or your tax needs change. For example, a sole proprietorship can transition to an LLC or corporation for liability protection or tax benefits. This process often involves filing new paperwork with the IRS and your state.
If your business operates in multiple states, you may need to file state taxes in each jurisdiction where you conduct business. This often includes income tax and, in some cases, sales tax or franchise tax. Understanding nexus rules is critical to ensure compliance.
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Hours
Mon – Fri 9:00am – 5:00pm
Saturday – Appt only
Sunday – CLOSED
Location
3293 Stone Mountain Hwy
Ste G-116
Snellville, GA 30078
Phone
678-921-5278