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Just a reminder that for the year 2024, the tax season will start on January 1st and will conclude on April 18th for both Corporations and Individuals.
At B&J Consulting Group, LLC, we operate in accordance with the regulations set by the Federal Government when providing these services.
Our primary services in this domain encompass Corporate and Individual Taxes, as well as Tax School.
We are Listed in the IRS Directory of Federal Tax Return Preparers with Credentials
First and foremost, it’s important to note that we possess a current year Preparer Tax Identification Number (PTIN) issued by the IRS. We hold professional credentials and actively participate in the IRS Annual Filing Season Program and the VITA Grant Program (Volunteer Income Tax Assistance – IRS).
Our qualifications, education, and training are well-established.
As widely recognized, income in the United States is subject to taxation by the federal government, numerous state governments, and many local governments. The federal income tax system is progressive, which means that the tax rate increases as income rises. Marginal tax rates span from 10% to 37%. Taxpayers can lower their tax burden and the amount they owe by utilizing exemptions, deductions, and credits.
Our commitment lies in assisting our clients with key tax-related tasks, including:
For this tax season, it’s crucial to be aware of the following requirements:
Eligibility:
To be eligible, among other factors, you must have:
Items You Must Obtain:
IRS E-file: Authorized IRS E-file Provider for Tax Professionals:
We are professional tax preparers and authorized IRS e-file providers. The IRS e-file service has transmitted over 1 billion tax returns since 1990. E-filing is now the method of choice for nearly 90 percent of individual federal returns. Don’t waste time—contact us for an E-file to efficiently submit your tax return.
2023 Program Commencement:
Our programs for 2023 started last July. Classes will be held on Saturdays from 10:00 AM to 5:00 PM for in-person students and on Fridays from 2:00 pm to 6:30 pm for online students. By completing this course, you will be eligible for continuing education credits.
Program Objectives:
Throughout the program, you will achieve the following objectives:
Our instructors are listed in the IRS Directory of Federal Tax Return Preparers with Continuing Education Credentials.
Contact and Privacy:
Should you require more information, please don’t hesitate to contact us. At B&J Consulting, we prioritize the privacy of taxpayer data and adhere to the following controls:
Please feel free to reach out if you have any questions. We’re here to provide comprehensive support.
Personalized Attention:
We ensure personalized attention during and beyond the season. Contact us to schedule your appointment.
Any individual conducting taxable sales in Florida is required to distinctly indicate the Florida sales tax on every customer’s invoice, sales slip, receipt, billing, or any other proof of sale. The sales tax and discretionary sales surtax can either be presented as a combined total or itemized separately. Get in touch with us to receive assistance in registering with the State of Florida and managing your reports.
What is an ITIN (Tax ID)?
An Individual Taxpayer Identification Number (ITIN) serves as your personal identifier within the U.S. tax system. It’s essential for individuals who need a U.S. taxpayer number as required by the IRS. Obtaining an ITIN is also necessary for obtaining an EIN Business Number. It’s important to note that an ITIN can expire if not used for 3 years; renewal is required in such cases. To avoid this, we strongly recommend applying for your ITIN as soon as possible.
We are IRS CAA Certified Acceptance Agent.
What is a CAA?
A Certifying Acceptance Agent (CAA) is an individual, business, or organization authorized by the IRS to assist individuals and foreign entities in need of a Taxpayer Identification Number (TIN) for filing Form 1040 and other tax schedules, when they don’t qualify for a Social Security Number. The CAA simplifies the application process by reviewing necessary documents, verifying identities, and submitting completed forms to the IRS.
Our CAA Process:
We now have the capability to authenticate passports and birth certificates for dependents. For primary and secondary applicants, we continue to certify identification documents.
For each Form W-7 application submitted, we attach Form W-7 (COA), Certificate of Accuracy for IRS Individual Identification Taxpayer Number. This serves as verification that we have reviewed the original documents or certified copies. Copies of all reviewed documentation are attached with Form W-7 COA and sent to the IRS.
Please remember that we are required to conduct in-person interviews with every applicant—primary, secondary, and dependents—to complete the application process. In cases where we have the original identification documents or certified copies available, video conferencing (e.g., Zoom) can be used during the interview.
If you receive a letter from the IRS, there’s no need to worry. Regardless of the issue, we are here to provide assistance and support. We can guide you on what steps to take, inform you about due dates, and help you understand the required documents. Simply let us know your needs, and we’ll work diligently to assist you.
B&J Consulting Group, LLC: Your Trusted Accounting Partner in Florida
Our company, B&J Consulting Group, LLC, offers comprehensive accounting services to the state of Florida. With a track record of serving the Central Florida small business community, we have consistently provided regular accounting and tax compliance services. Our highly qualified personnel possess extensive experience in these processes, enabling us to effectively tailor our techniques to enhance your business performance at incredibly affordable rates.
Empowering Your Business Through Regular Accounting
One of the most valuable pieces of advice to avoid unexpected financial challenges is to consistently maintain your accounting processes. Recognizing this need, we introduce our Monthly Payment Report—a document designed to empower you with insights for cost reduction and profit enhancement.
Unveiling the Numbers Behind Your Success
In business, understanding your numbers is synonymous with understanding your business. By inviting us to become a part of your operations, you’re tapping into our expertise that undoubtedly adds value to your company. Reach out to us to schedule an appointment; we’re committed to being your trusted partners.
Proud Members of Respected Associations:
Our Commitment as Your Bookkeeper:
Whether you use QuickBooks Desktop or QuickBooks Online, we’re capable of maintaining your books with guaranteed accuracy.
Efficient Payroll Services with B&J Consulting Group
At B&J Consulting Group, our primary payroll service objective is to process employee compensation accurately and promptly. In this process, we ensure precise tax withholding and submit reports to federal and state agencies. To guarantee the streamlined performance of payroll, we establish goals for reviewing processes, addressing any procedural weaknesses that could affect accuracy and timeliness. This is the cornerstone of our policy—working collaboratively, comprehending your needs, and optimizing your time.
Performance and Payroll:
Setting performance goals is particularly crucial, as they allow your organization to evaluate the balance between work output and payroll costs. We assist you in measuring performance against income expenses. Various theories govern employee performance; for instance, higher pay could lead to increased work output, while motivated and engaged employees tend to excel.
Achieving Your Goals with QuickBooks:
We utilize QuickBooks Online or QuickBooks Desktop to achieve your payroll goals:
Run Your Business Confidently:
Entrust us with your payroll management, and operate your business with confidence, as we are Certified QuickBooks Online ProAdvisor.
Whether your payroll is in QuickBooks Desktop or QuickBooks Online, our support is at your disposal.
Service Management for QuickBooks System: PROADVISOR ONLINE
At B&J Consulting Group, LLC, we are Certified QuickBooks Online ProAdvisors.
And we are able to:
You can get everything that you want. Create estimates and invoices, receive payments, record expenses, pay bills, run payroll, and more.
With Automated Reports and a custom schedule, you can decide which reports you want to receive and when to receive them. It is everything you need to manage your small business accounting. You can work in your company’s desktop or work anywhere online. We offer the best dynamic for you.
We can help you stay organized and simplify your life. Find everything in one place, including overdue items, bills to pay, and notes from your accountant.
The most important thing is knowing where your business stands. See how you’re doing in a single click to view profit & loss statements, top customer lists, and more.
Our courses are scheduled throughout the year, ensuring limited availability to facilitate personalized attention. Feel free to reach out to us for information regarding dates and timings. We’re here to assist you in enhancing your accounting management.
The choice of business entity for your company is a significant decision. It hinges on several factors, including liability, taxation, control, and capital raising. Each business structure comes with its own pros and cons. Seeking the guidance of a legal professional is essential to assess the factors that should influence your selection of a business organization.
The value of seeking professional advice early on often proves itself by saving both money and headaches as your business expands. Initiate a conversation with us at the beginning to determine which business structure aligns best with your unique objectives and goals.
DBA stands for “doing business as.”
A DBA is a registered name under which a business operates, distinct from its legal business name. It can also be referred to as a trade name, fictitious name, or assumed name.
It’s important to note that a DBA isn’t a business structure and does not provide personal asset protection like an LLC or corporation would.
If you’re interested in obtaining a DBA for your small business and need step-by-step instructions, don’t hesitate to reach out to us!
Making Changes to Your Company’s Information
Whenever you need to modify the information provided in your company’s Articles of Incorporation or Articles of Organization, it’s generally necessary to file an Article of Amendment.
Why is it Significant?
The details present in your Articles of Incorporation/Organization or your Certificate of Authority (if you’ve registered to conduct business in other states) constitute the official information held by the state regarding your company. Consequently, any alterations to this information must be updated with the state.
By submitting Articles of Amendment, you signal to the state that authorized representatives of your company have approved the change. For instance, adjusting the business purpose of a corporation might necessitate consent from the incorporator or the corporation’s directors or shareholders.
Approval from the state confirms that your company has complied with the legal requirements of the state, and the altered information has been officially updated in their records.
Feel Free to Reach Out!
If you require more information about making changes to your company’s information, please don’t hesitate to contact us. We’re here to assist you!
Health (Obamacare) Coverage: Providers Oscar, Florida Blue, Molina, Bright, and Ambetter
The Patient Protection and Affordable Care Act, commonly referred to as the Affordable Care Act or Obamacare, is a federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.
We understand that health insurance can seem complex, but we’re dedicated to simplifying this explanation as much as possible. Within this content, it’s crucial that you grasp:
Understanding Health Coverage
Having health coverage grants you access to preventive care year-round, including visits to primary physicians, specialists, prescription medications, emergency care, and hospital visits in case of emergencies.
How It Operates
If you secure a health plan with a subsidy from the Insurance Marketplace, it’s important to comprehend its functioning through these concepts:
Enrollment Periods
Find Your Ideal Plan
If you’re seeking a plan tailored to your needs, contact us to receive a quote from the best provider offering optimal benefits for you and your family.
Life Insurance (Term and Permanent): Provider – National Life Group
Plan Today for a Secure Tomorrow!
Life insurance is a robust financial tool designed to safeguard and secure your family’s future, especially in the event of your untimely passing.
Secure Your Tomorrow!
Life insurance offers benefits that extend beyond your lifetime. You can access all or a portion of your benefits if you encounter a terminal, chronic, critical illness, or a critical injury. These benefits can cover various needs:
Chronic Diseases Covered:
Critical Diseases Covered:
Critical Injuries Covered:
Terminal Disease Coverage:
This applies when a terminal illness, expected to lead to death, is diagnosed within 24 months of being certified by a doctor.
Unlocking the Benefits:
Remember, you don’t have to pass away to access the benefits of your life insurance. Modern insurance products serve as the foundation of a sound financial plan.
Caring, Planning, and Protection:
Caring for your loved ones, planning for the future, and ensuring protection are paramount. Contact us, and we’ll guide you through the process of selecting the best plan tailored to your specific needs!