Cost Segregation
If you run your business as a sole proprietorship, you could be missing out on significant tax savings and other legal and financial advantages made possible by classifying your business as an S-CORP. For instance, you could eliminate your liability for the 7 1/2% self-employment tax.
Murphy & Co. can help you ascertain whether classifying as an S-CORP is right for you. Give us a call at 508-238-5357 or email to get started.
Small Business Accounting
Today, small business entrepreneurs face a wide array of complex state and federal tax obligations that include the proper preparation of the tax forms used by the IRS. The internal revenue service audits businesses and individuals who do not comply with tax return guidelines. Those guidelines and demands have deepened with the introduction of homeland security laws. It’s important for small businesses to prepare and submit their tax returns and other accounting related documentation to IRS satisfaction.
By having an accounting firm manage your small business accounting processes, you may avoid IRS audits and penalties and manage your business more successfully. We help you deal with the tangle of accounting and tax documentation and get your business organized for success.






