{"id":1006,"date":"2023-05-11T07:27:08","date_gmt":"2023-05-11T11:27:08","guid":{"rendered":"https:\/\/www.carolinatax.net\/?page_id=1006"},"modified":"2023-08-06T17:49:08","modified_gmt":"2023-08-06T21:49:08","slug":"business-tax-accountants-greensboro-nc","status":"publish","type":"page","link":"https:\/\/www.carolinatax.net\/business-tax-accountants-greensboro-nc\/","title":{"rendered":"Types of Companies Our Business Tax Accountants Work With Throughout Greensboro, NC and Beyond"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; bg_type=&#8221;bg_color&#8221; bg_color_value=&#8221;#ced6e3&#8243; css=&#8221;.vc_custom_1621488099364{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1658724691446{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 38% !important;}&#8221; offset=&#8221;vc_hidden-sm vc_hidden-xs&#8221;]<div id=\"ultimate-heading-7853663ba8d970681\" class=\"uvc-heading ult-adjust-bottom-margin ultimate-heading-7853663ba8d970681 uvc-9157  uvc-heading-default-font-sizes\" data-hspacer=\"no_spacer\"  data-halign=\"left\" style=\"text-align:left\"><div class=\"uvc-heading-spacer no_spacer\" style=\"top\"><\/div><div class=\"uvc-sub-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-7853663ba8d970681 .uvc-sub-heading '  data-responsive-json-new='{\"font-size\":\"desktop:55px;mobile_landscape:35px;mobile:35px;\",\"line-height\":\"desktop:60px;mobile_landscape:45px;mobile:45px;\"}'  style=\"font-family:&#039;Lato&#039;;font-weight:700;margin-bottom:40px;\"><\/p>\n<h1>Types of Companies Our Business Tax Accountants Work With Throughout Greensboro, NC and Beyond<\/h1>\n<p><\/div><\/div><style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">#default-btn-1d940bfd3ee9da1305ce9b306b8ddfb8.ico-right-side > i {\n  margin-right: 0px;\n  margin-left: 8px;\n}\n#default-btn-1d940bfd3ee9da1305ce9b306b8ddfb8 > i {\n  margin-right: 8px;\n}\n<\/style><div class=\"btn-align-left\"><a href=\"https:\/\/carolinatax.net\/contact-swaim\/\" class=\"default-btn-shortcode dt-btn dt-btn-m link-hover-off green  vc_custom_1621486440229\" id=\"default-btn-1d940bfd3ee9da1305ce9b306b8ddfb8\" title=\"Schedule your tax consultation\"><span>SCHEDULE YOUR CONSULTATION<\/span><\/a><\/div>[\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1658723809767{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221; offset=&#8221;vc_hidden-sm vc_hidden-xs&#8221;][vc_single_image image=&#8221;809&#8243; img_size=&#8221;full&#8221; css=&#8221;.vc_custom_1683804419889{margin-bottom: 0px !important;}&#8221;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; bg_type=&#8221;bg_color&#8221; bg_color_value=&#8221;#ced6e3&#8243; css=&#8221;.vc_custom_1621488099364{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1658723819089{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221; offset=&#8221;vc_hidden-lg vc_hidden-md&#8221;][vc_single_image image=&#8221;791&#8243; img_size=&#8221;full&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1658724644399{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 10% !important;padding-left: 10% !important;}&#8221; offset=&#8221;vc_hidden-lg vc_hidden-md&#8221;]<div id=\"ultimate-heading-4103663ba8d971a6f\" class=\"uvc-heading ult-adjust-bottom-margin ultimate-heading-4103663ba8d971a6f uvc-2156  uvc-heading-default-font-sizes\" data-hspacer=\"no_spacer\"  data-halign=\"left\" style=\"text-align:left\"><div class=\"uvc-heading-spacer no_spacer\" style=\"top\"><\/div><div class=\"uvc-main-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-4103663ba8d971a6f h2'  data-responsive-json-new='{\"font-size\":\"\",\"line-height\":\"\"}' ><h2 style=\"font-family:&#039;Lato&#039;;font-weight:300;margin-bottom:10px;\">Swaim &amp; Associates<\/h2><\/div><div class=\"uvc-sub-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-4103663ba8d971a6f .uvc-sub-heading '  data-responsive-json-new='{\"font-size\":\"desktop:55px;mobile_landscape:35px;mobile:35px;\",\"line-height\":\"desktop:60px;mobile_landscape:45px;mobile:45px;\"}'  style=\"font-family:&#039;Lato&#039;;font-weight:700;margin-bottom:40px;\">Full-Service Tax Advisors &amp; Tax Accountants in Greensboro, NC<\/div><\/div><style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">#default-btn-1d940bfd3ee9da1305ce9b306b8ddfb8.ico-right-side > i {\n  margin-right: 0px;\n  margin-left: 8px;\n}\n#default-btn-1d940bfd3ee9da1305ce9b306b8ddfb8 > i {\n  margin-right: 8px;\n}\n<\/style><div class=\"btn-align-left\"><a href=\"https:\/\/carolinatax.net\/contact-swaim\/\" class=\"default-btn-shortcode dt-btn dt-btn-m link-hover-off green  vc_custom_1621486440229\" id=\"default-btn-1d940bfd3ee9da1305ce9b306b8ddfb8\" title=\"Schedule your tax consultation\"><span>SCHEDULE YOUR CONSULTATION<\/span><\/a><\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner gap=&#8221;30&#8243;][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text el_class=&#8221;dropcap&#8221;]<span style=\"font-weight: 400;\">As a business owner, you already likely have enough to deal with without adding anything extra to your plate. Your different responsibilities likely leave you with very little time to dedicate to making sense of ever-changing and <\/span><a href=\"https:\/\/www.irs.gov\/privacy-disclosure\/tax-code-regulations-and-official-guidance\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">complex tax regulations<\/span><\/a><span style=\"font-weight: 400;\">, knowledge which is critical to helping you avoid tax problems. That&#8217;s where our business tax accountants at Swaim &amp; Associates, who are based out of Greensboro, NC, but serve clients nationwide, come in.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The tax professionals employed by our accounting firm are federally licensed <\/span><a href=\"https:\/\/www.irs.gov\/tax-professionals\/enrolled-agents\/enrolled-agent-information\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">enrolled agents<\/span><\/a><span style=\"font-weight: 400;\"> (EA). This designation is granted by the U.S. Treasury Department to tax professionals who have successfully completed a multi-part federal tax law exam demonstrating knowledge in all areas of federal tax law and ethics. Tax professionals like us are uniquely prepared to provide tax services to a wide range of clients.<\/span>[\/vc_column_text]<div id=\"ultimate-heading-2014663ba8d971b5e\" class=\"uvc-heading ult-adjust-bottom-margin ultimate-heading-2014663ba8d971b5e uvc-3396 \" data-hspacer=\"no_spacer\"  data-halign=\"center\" style=\"text-align:center\"><div class=\"uvc-heading-spacer no_spacer\" style=\"top\"><\/div><div class=\"uvc-main-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-2014663ba8d971b5e h2'  data-responsive-json-new='{\"font-size\":\"desktop:36px;\",\"line-height\":\"desktop:42px;\"}' ><h2 style=\"font-weight:bold;margin-top:20px;margin-bottom:40px;\">Understanding How Our Enrolled Agents Can Help Your Business<\/h2><\/div><\/div>[vc_column_text css=&#8221;.vc_custom_1683803966559{margin-bottom: 0px !important;}&#8221;]<span style=\"font-weight: 400;\">Our tax accountants&#8217; EA designation is a national license issued by the U.S. Department of Treasury that authorizes credentialed professionals to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Defend taxpayers being audited by the IRS or the State Department of Revenue<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Representing taxpayers in tax collection cases who owe back taxes or who have not filed all of the required tax returns with the government<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Appealing IRS decisions<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Enrolled agents must adhere to U.S. Department of Treasury ethics standards and complete 72 hours of continuing education requirements in tax law and ethics every three years to maintain their certification.<\/span>[\/vc_column_text][\/vc_column_inner][vc_column_inner el_class=&#8221;tax&#8221; width=&#8221;1\/3&#8243; 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field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  data-js-reload=\"field_1_3\" ><label class='gfield_label gform-field-label' for='input_1_3'>Phone<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_phone'><input name='input_3' id='input_1_3' type='tel' value='' class='medium'   aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/li><li id=\"field_1_4\" class=\"gfield gfield--type-checkbox gfield--type-choice gf_list_2col gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  data-js-reload=\"field_1_4\" ><label class='gfield_label gform-field-label gfield_label_before_complex' >What can Swaim &amp; Associates do for you?<span class=\"gfield_required\"><span class=\"gfield_required 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              return;         }        const gformWrapperDiv = document.getElementById( \"gform_wrapper_1\" );        if ( gformWrapperDiv ) {            const visibilitySpan = document.createElement( \"span\" );            visibilitySpan.id = \"gform_visibility_test_1\";            gformWrapperDiv.insertAdjacentElement( \"afterend\", visibilitySpan );        }        const visibilityTestDiv = document.getElementById( \"gform_visibility_test_1\" );        let postRenderFired = false;                function triggerPostRender() {            if ( postRenderFired ) {                return;            }            postRenderFired = true;            jQuery( document ).trigger( 'gform_post_render', [1, current_page] );            gform.utils.trigger( { event: 'gform\/postRender', native: false, data: { formId: 1, currentPage: current_page } } );            if ( visibilityTestDiv ) {                visibilityTestDiv.parentNode.removeChild( visibilityTestDiv );            }        }        function debounce( func, wait, immediate ) {            var timeout;            return function() {                var context = this, args = arguments;                var later = function() {                    timeout = null;                    if ( !immediate ) func.apply( context, args );                };                var callNow = immediate && !timeout;                clearTimeout( timeout );                timeout = setTimeout( later, wait );                if ( callNow ) func.apply( context, args );            };        }        const debouncedTriggerPostRender = debounce( function() {            triggerPostRender();        }, 200 );        if ( visibilityTestDiv && visibilityTestDiv.offsetParent === null ) {            const observer = new MutationObserver( ( mutations ) => {                mutations.forEach( ( mutation ) => {                    if ( mutation.type === 'attributes' && visibilityTestDiv.offsetParent !== null ) {                        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Some <\/span><a href=\"https:\/\/smallbusiness.chron.com\/determines-small-business-vs-large-business-20302.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">broader categories of businesses<\/span><\/a><span style=\"font-weight: 400;\"> our accounting professionals and tax experts serve include:\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Small Businesses<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">What constitutes a small business is a bit subjective. Each of the following business types has the potential of being classified as a small business that may require you to file business taxes:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A situation where you work as a self-employed, independent contractor or subcontractor<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you have a hobby business such as woodworking, soapmaking, or graphic design operation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You have a portfolio of rental properties<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You own a shop or store<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You sell goods on the internet<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You receive a 1099 form for your work <\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You have a weekend lawn care operation that provides you with supplemental income\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Also falling into the category of <\/span><a href=\"https:\/\/www.carolinatax.net\/small-business-accountants\/\"><span style=\"font-weight: 400;\">small businesses<\/span><\/a><span style=\"font-weight: 400;\"> are more formally organized commercial enterprises that you may have built from the ground up and employ workers. Some common examples of traditional small businesses include:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A print shop<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A law firm<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A restaurant<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A convenience store<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An auto mechanic shop<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Medium-Sized Businesses<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A business owner with multiple disparate business interests may also be considered the owner of a medium-sized enterprise, depending on the size of their workforce and revenue generation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The point of sharing the types of operations that may fall into these small-business and medium-sized business categories is to give you a fuller picture of the different types of companies we work with. As you may imagine, these businesses can have a wide range of incorporation structures, some of which we&#8217;ll highlight below. Each has its own tax obligations.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Factors That Affect Different Companies&#8217; Tax Obligations<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Given the different types and sizes of businesses we serve, there&#8217;s no one-size-fits-all approach our tax advisors use when assisting our clients. Some factors that shape the tax strategies we recommend for different tiers of businesses include some of the following:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The size of their staff<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Their gross receipts and, consequently, their net operating profit<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Since businesses have different tax advisory services needs depending on the above-mentioned factors, the help they require from our business tax accountants may also vary. These businesses or corporations may require tax consulting on some of the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Determinations of estimated tax for quarterly payments\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Qualifications for a tax credit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Year-end tax filing<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">One factor that plays a role in the tax obligations of different-sized business entities is the multitude of legal entity structures those operations may have. These may include sole proprietorships, partnerships, limited liability companies (LLCs), S-corps, C-corp, and others &#8212; some of which have pass-through filing along with the owner&#8217;s personal income taxes. A company&#8217;s legal entity structure may not only impact tax-filing obligations but also impact tax rates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While we can certainly help with all aspects of tax planning, preparation, and filing, as hinted at above, we defend clients in IRS audits as well.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Each tax pro at Swaim &amp; Associates is also well-experienced in providing IRS audit representation services that can be helpful if you fit into one of the aforementioned categories of businesses.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">IRS Audits and Collections<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Dealing with the IRS if you and\/or your business are dealing with IRS problems can be intimidating and overwhelming, especially if you and\/or your company have an audit or collection action. We have the experience and knowledge to help you navigate the process and protect your interests. We will <\/span><a href=\"https:\/\/www.carolinatax.net\/irs-audit-accountant\/\"><span style=\"font-weight: 400;\">represent you in IRS audits<\/span><\/a><span style=\"font-weight: 400;\"> and legal disputes with an auditor regarding any potential tax increases proposed or penalties assessed and work to find the best solution for your business.<\/span>[\/vc_column_text][vc_row_inner][vc_column_inner css=&#8221;.vc_custom_1672835888814{margin-bottom: 35px !important;padding-top: 3% !important;padding-right: 3% !important;padding-bottom: 3% !important;padding-left: 3% !important;background-color: #ced6e3 !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1683804110975{margin-bottom: 0px !important;}&#8221;]<\/p>\n<h2><span style=\"font-weight: 400;\">Testimonials From Satisfied Clients Who Have Used Our Business Tax Accountant Services<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When it comes to choosing someone to handle your finances or tax matters, you don&#8217;t want to just pick anyone. You want to know that your tax obligations and advocacy are in competent hands.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We&#8217;d urge you to review testimonials that other business owners have left about their experience in having our Greensboro business tax accountants handle their financials and taxes on the <\/span><a href=\"https:\/\/www.carolinatax.net\/tax-accountant-testimonials\/\"><span style=\"font-weight: 400;\">testimonials page<\/span><\/a><span style=\"font-weight: 400;\"> here on our website. At Swaim &amp; Associates, we are proud of the positive feedback we have received from businesses we have worked with.<\/span>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner]<div id=\"ultimate-heading-6117663ba8d974421\" class=\"uvc-heading ult-adjust-bottom-margin ultimate-heading-6117663ba8d974421 uvc-8932 \" data-hspacer=\"no_spacer\"  data-halign=\"center\" style=\"text-align:center\"><div class=\"uvc-heading-spacer no_spacer\" style=\"top\"><\/div><div class=\"uvc-main-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-6117663ba8d974421 h2'  data-responsive-json-new='{\"font-size\":\"desktop:36px;\",\"line-height\":\"desktop:42px;\"}' ><h2 style=\"font-weight:bold;margin-top:20px;margin-bottom:40px;\">Contact Our Business Tax Accountants Today to Set Up a Consultation<\/h2><\/div><\/div>[vc_column_text]<span style=\"font-weight: 400;\">If you&#8217;re looking for experienced business tax accountants in Greensboro, look no further than Swaim &amp; Associates. Our team of tax professionals is here to help your business with all of its tax needs. <\/span><a href=\"https:\/\/www.carolinatax.net\/contact-swaim\/\"><span style=\"font-weight: 400;\">Contact us today<\/span><\/a><span style=\"font-weight: 400;\"> to schedule a consultation and learn more about how we can help.<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; bg_type=&#8221;bg_color&#8221; bg_color_value=&#8221;#ced6e3&#8243; css=&#8221;.vc_custom_1621488099364{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1658724691446{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 38% !important;}&#8221; 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