SEARCH


PK Tax Services, L.L.C.
PK Tax Services, L.L.C.
  • Home
  • Services
    • 2022 Tax Season Documents for 2021
    • Year-End Tax Planning
    • FAQs on Mixed Marriages
  • Resources
  • Meet the Company
    • Videos
  • Blog
  • Contact
  • Client Portal Instructions

BLOG

Small Business Tax Requirements

6/27/2018

0 Comments

 
Picture
The form of business you operate determines what taxes you must pay and how you pay them. There is a lot of tax information to know and understanding all of the details can get tricky so we suggest you let PK Tax Services help you. The following are the five general types of business taxes.
  • Income Tax
  • Estimated Taxes
  • Self-Employment Tax
  • Employment Taxes
  • Excise Tax

Read More
0 Comments

Withholding Tax: The Basics

6/19/2018

0 Comments

 
Picture
The Federal income tax is based on a “pay-as-you-go” system. There are 2 ways to pay as you go: withholding tax or estimated tax. This article discusses withholding tax (also referred to as “tax withholding”).

​If you work at a job, your employer most likely withholds income tax from your paychecks. (Tax may also be withheld from other types of income – such as commissions, bonuses, and pensions.) The tax withheld is sent to the IRS on your behalf, and the funds are applied to your Social Security, Medicare, and income taxes for the year. The amount withheld in each category is reported on your Form W-2 (Wage and Tax Statement), which you receive from your employer.

Read More
0 Comments

IRS Taxpayer Bill of Rights

6/14/2018

0 Comments

 
Picture
Sometimes we all feel like the IRS has their own set of rules and that we must always comply. But did you know that the IRS has a Bill of Rights that they must follow as well for our protection? 
​America’s taxpayers have specific rights when they interact with the IRS. These ten rights are known collectively as the Taxpayer Bill of Rights. These rights cover a wide range of topics and issues, and lay out what taxpayers can expect in the event they need to work with the IRS on a personal tax matter. This includes when a taxpayer is filing a return, paying taxes, responding to a letter, going through an audit or appealing an IRS decision.

Read More
0 Comments

Teen Tax Payer Guidelines

6/5/2018

0 Comments

 
Picture
​Now that school’s out, many students will be starting summer jobs…from working at a summer camp to being an office intern. The IRS reminds students that not all the money they earn may make it to their pocket. That’s because employers must withhold taxes from the employee’s paycheck. Here are a few things these workers need to know when starting a summer job:

Read More
0 Comments
    Picture
    Pat Kolodziej
    ​C.P.A., M.S.T.


    Categories

    All
    IRS Tax News
    Just For Fun
    Tax Tips For Businesses
    Tax Tips For Individuals


    Archives

    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015

Pat Kolodziej, CPA, MST
Managing Member
PK Tax Services, L.L.C.

87 South McLean Boulevard, Suite A
South Elgin, IL 60177


Phone: (224) 227-6061
Fax: (224) 227-6059
Contact Us
Client Login
Picture
Picture
Picture
Picture
Picture
BACK TO TOP

Proudly Serving: South Elgin Illinois, St. Charles Illinois, Elgin Illinois, Geneva Illinois, Batavia Illinois, Bartlett Illinois, West Chicago Illinois, Algonquin Illinois, Crystal Lake Illinois, Aurora Illinois, etc.

© 2017-2022 PK Tax Services, LLC  |  All Rights Reserved  |  Website Created by LislDesign.com

PK Tax Services, L.L.C.