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If you or your business owes employment taxes for payroll deposits (Forms 941 and 940) or if you are responsible for handling payroll at your company, call us immediately:

 

TOLL FREE 1.877.254.4254

Just review the questions and information below, make some notes, and then contact us to schedule a confidential consultation.

  • What type of taxes do you owe? Individual/Personal, Corporate, Estate or Excise? Federal, State or Both?
  • Do you have any unfiled returns? What years? (If you fail to file a return the IRS only assumes the worst.)
  • What are your financial goals? Most tax firms assume that your only concern is the IRS. We know life is often more complicated than that. We’ll work with you to find a tax solution that works for you.
  • Do you think you overpaid your taxes? You have a limited amount of time in which to file a claim for a credit or refund. List the year(s) and possible tax considerations that might apply.
  • Are you totally confused and overwhelmed? Even if you don’t know what the IRS wants, we’ll help you figure out the nature and extent of your tax problem and then we’ll discuss your best options. Jot down what you do know about your current tax problems.
  • Take Action! Call or email us to schedule a free confidential consultation with an Attorney who handles tax problems like yours every day:

How A Year-End Inventory Count Could Lower Your Mobile, AL Business Taxes

 Quick Answer: A year-end inventory count lowers your business taxes by uncovering unrecorded shrinkage and unsellable stock that artificially inflate your ending inventory balance. Reducing that ending balance increases your Cost of Goods Sold (COGS) deduction,...

Unreported Crypto Gains? How Mobile, AL Taxpayers Can Fix Past Tax Returns

Quick Answer: If you failed to report crypto gains on previous tax returns, start by reconstructing your transactions and calculating what you actually earned. From there, we can determine which returns need correcting. Accidental omissions can generally be...

The Willis Firm PC’s Guide: Can You Give Employees Tax Free Bonuses for the Holidays?

 Quick Answer: You can’t give tax-free cash or gift cards for the holidays, as the IRS classifies all cash-equivalent bonuses as taxable wages regardless of the amount. However, you can legally provide tax-free holiday bonuses through non-cash tangible gifts,...

Types of Prepaid Expenses to Optimize Your Mobile, AL Business’s Cash Flow Before Dec 31

 Quick Answer: If you run a cash-basis business, you can lock in immediate tax savings on upcoming 2027 operating costs by paying those vendor bills before December 31. Under the IRS 12-month rule, that prepayment cuts your 2026 taxable profit dollar for dollar,...

The Willis Firm PC’s Take: How Much Cash Should A Business Have On Hand?

 Quick Answer: Keep three to six months of baseline operating expenses in liquid reserves, alongside a separate tax account holding 15% to 30% of weekly gross receipts. Having that buffer with a Quick Ratio of at least 1.0 means you'll protect daily operations...

How The Bad Business Debt Deduction Could Lower Your 2026 Mobile, AL Business Taxes

 Quick Answer: Uncollectible business receivables convert into ordinary losses that reduce your active net profit dollar-for-dollar without a ceiling. To lock in this tax offset before year-end, you'll need to execute a formal general ledger charge-off on...

Can ChatGPT Help With Taxes? A Guide for Mobile, AL Taxpayers

 Quick Answer: ChatGPT can explain tax terms, summarize IRS notices, and give you general information about collection options. But it should not be the only source you use to calculate things like an Offer in Compromise or which path to choose for your IRS...

How To Fix Common QuickBooks Online Problems Mobile, AL Small Business Owners Face

 Quick Answer: To fix common QuickBooks Online problems, audit your bank feed queue to ensure transactions are matched to open invoices and transfers rather than blindly clicked as "Add," which eliminates duplicate revenue and miscoded expenses. From there,...

How to Elect S Corp Status: Mobile, AL Tax Resolution Guide

 Quick Answer: If you missed the IRS deadline, you can still secure retroactive approval and protect your business's tax savings. Through IRS late-election relief, qualifying businesses can backdate their S corp status up to three years and 75 days....

The Mobile, AL Small Business Q3 Payroll Checklist for a Painless Year-End Close

 Quick Answer: Your pre-year end payroll checklist should include reviewing new OBBBA wage codes, collecting missing 1099 tax forms, and aligning your payroll accounts with your general ledger. Completing this cleanup in September protects your business...

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