Welcome to this episode of the Law Business Podcast. I’m your host Borbala Banto in the studio with Laz.
So Laz, what is today’s question?
Today’s question is: I started my law firm five years ago, but I haven’t filed any business tax returns. How do I resolve this issue so I can move forward?
Thank you for trusting us with this question. Trust me when I tell you that you are not alone in this nobody wants to talk about these issues.
We are CPAs, we work with law firm owners from 17 states and accept clients from all 50. Based on our experience 5 to 10 percent of attorneys have the same problem as you do.
That is why we created this 100% confidentiality and judgement free zone. We are not here to judge you, but to take this weight off your shoulders.
Not filing your tax returns is more serious than not paying your taxes. If you owe the IRS and don’t work out a payment plan, they might levy your bank accounts, but if you don’t file the returns you could lose your bar license, driver’s license, or even go to jail.
It is not uncommon that we resolve our client’s IRS issues and take care of unfiled tax returns in 6 to 8 weeks.
After the past is not holding you back from growing your business, now it is the time to plan ahead. Bookkeeping, internal control, tax planning. We will talk about these in upcoming episodes.
If you are a lawyer and you do not have an accountant, or if you outgrew your current accountant, let us show you the concierge way: learn more about our services at BetterNumbersForLawyers.com