Business Tax Services

You must know that the term "business taxes" refers to the tax that businesses have to pay as a part of their business transactions and operations. Every business structure whether it is a sole proprietorship, partnership, limited liability companies, or a corporation, has to follow the taxation laws and pay the required amount as tax. It is a legal obligation on every business organization that needs to be fulfilled. The taxes can be varied depending upon the type of business activities.

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  • Quick
    Turnarounds

  • Value
    For Money

  • Expert
    Professionals

  • Custom
    Fit Solutions

  • Quick
    Turnarounds

  • Value
    For Money

  • Expert
    Professionals

  • Custom
    Fit Solutions

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HOW DOES IT WORK ?

HOW DOES IT WORK ?

Step 1

We collect and verify the supporting documents & forms required for Business Taxes

01

Step 2

Our Business Taxes experts draft and prepare the required supporting documents

02

Step 3

We take care of your filing or We take care of your Business Taxes

03

WHY CHOOSE LEGALO ?

Quick Turnarounds

Have access to a wide range of quality services at reasonable and competitive prices

Value For Money

We understand Time is the most valuable resource and are flexible and responsive to your requirements

Expert Professionals

We cater to a wide range of services across legal, CA, CS and consulting and bring to the table the most relevant and experienced professional to provide the right solution.

Custom Fit Solutions

We provide customized solutions to meet your unique requirements.

FREQUENTLY ASKED QUESTIONS ?

  • Legalo is a platform to help you connect with the best professionals, legal experts & financial experts to deliver efficient and cost-effective solutions to your business and personal needs.
  • We help create business contracts & other documentation such as Memorandum of understanding, Franchise Agreement, Joint Venture Agreement, Hiring Documentation, Employment Contract, Consultancy Agreement, Freelancer Agreement , including serve legal agreement, Vendor agreements & More.
  • A trademark public search is made in the Indian Trademark Registry database. The search determines whether a proposed trademark is available for use in connection with certain goods or services
  • Yes, GST applies to all service providers, traders, and manufacturers. It is applicable to dealers, bloggers and content writers, earnings from Google through PayPal, import-export businesses, all types of startups companies and organizations whether they are LLPs, proprietorships, partnerships, or private limited companies. Legalo provides assistance in GST registration, GST Filing & GST advisory Services.
  • Legalo offers both Labour compliance & Corporate Compliance solutions, Following are the list of labour compliance solutions. a) Provident Fund Registration b) ESI Registration c) Professional tax Registration d) Shops & Establishment LIcense e) Employee Stock option plan
  • We offer solutions right from Franchise documents review to legal/ financial solutions around buying & selling the franchise. Check out the links for more information.
  • Legalo offers the following solutions Shareholders Agreement : A legal document among a company's shareholders that describes how the company should be operated and outlines shareholders' rights and obligations Company registration: Registration of private Limited Company, LLP, Proprietorship etc. Business terms & Conditions: Business terms and conditions set the contract foundation between you and your customer. . Discretionary trust -An arrangement that gives trustees flexibility and control over how best to use the trust assets for the benefit of the beneficiaries Business Taxes: Accounting & Bookkeeping, Payroll, TDS Filing, Income Tax filing etc.
  • Legalo Connect you with the best industry experts to deliver efficient and cost effective, tailor-made solutions. We also understand that time is the most valuable resource and we offer solutions with a very quick turnaround time.
  • Legalo offers a wide range of services from business, Accounting & Tax to Legal Solutions such as business structuring, company registration, Company licensing, intellectual property, trademark, copyrights registration, Patent Filing, GST & TDS registration/ Filing, Accounting Services, Corporate & labour Compliance , Franchising, Business sale & purchase, Personal/Civil/Property / criminal related legal services & more.
  • We help draft the following A ) Terms of service & Privacy Policies B) Disclaimers C) Joint Venture Agreements d) Data Protection Regulation Policies e) Non- Disclosure Agreements.

FREQUENTLY ASKED QUESTIONS ?

faq

LEGAL BITS YOU SHOULD KNOW

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Broadly, there are five types of business taxes:

  1. Income Tax
  2. Estimated Taxes
  3. Self-employment Tax
  4. Employment Tax
  5. Excise Tax
  6. Property Tax

Types of Taxes

Income Tax- Every business has to pay the taxes out of the profit of the company. Sole proprietors and the limited liability companies pay the taxes out of their net income by filing an income tax return and partners of the partnership firm pay the taxes by filing a partnership business tax return. Corporations are separate legal entities; therefore, they pay taxes separately from the owners of the corporations.

Estimated Tax- Estimated taxes include the personal income and taxes and are inclusive of self-employment tax as well.

Self-Employment Tax- Self-employment taxes are paid by the individual businesses such as sole proprietors, partners in the partnership firm, and limited liability companies. These taxes are for social security purposes and are paid out of the net income of the businesses. Self-employment tax is an alternative as the business owners are not under employment services. Social security covers medical insurance benefits, disability benefits, retirement benefits, and life insurance as well.

Employment Tax- An employer has to pay the employment tax for the benefit of its employees. The Employment Taxes includes social security taxes, federal income tax withholdings, and Federal unemployment tax. These taxes are also known as “Payroll taxes”.

Excise Tax- Excise tax is mainly paid on the manufacture or use or consumption of particular goods or services. The excise tax has to be paid if a business does any activity of manufacturing or selling the products, uses different types of equipment and facilities, gets the payments for rendering services, or operates different kinds of business.

Property Tax- If the business owns any business property or a building, then the businessman has to pay the property tax to the local authority of the city where the property is situated.

To conclude, the payment of tax is a liability of every business organization. The amount has to be paid to federal, state, or local authority in the form of tax, and this money is used by the government for administrative purposes or conducting any social programs. Payment of tax is a short-term liability as it has to be paid every year and keep the record in the financial statements of the business and maintain balance sheet. These are the broad areas of taxes that are to be paid by every business depending upon their area of business structure.

How can Legalo help you?

Our partners & associates bring years of experience to the table to help you navigate and deliver these works. Our company can customize a program to meet your specific needs and budget. If you need any legal or professional assistance in searching the right trademark for your business, contact us here.

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