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Trust Fund Recovery Penalty

CLG Professional Services
September 11, 2016
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The trust fund recovery penalty is to encourage prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the TFRP. These taxes are called trust fund taxes because you actually hold the employee's money in trust until you make a federal tax deposit in that amount. The TFRP may apply to you if these unpaid...

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Is the US tax system flawed?

CLG Professional Services
July 12, 2016
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Is the US tax system flawed? The way the tax code reads today the increase against the rate for the wealthiest american goes up 3.8%. The argument is that the wealthiest 1% don't pay their fair share of taxes. There are 2 sides to every story, one side states that the wealthiest have access to high profile tax attorneys and CPA's that setup shelters, trusts, etc...and minimize their effective tax burden. The other side to the...

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Dallas LLC Setup | Entity formation Dallas

CLG Professional Services
June 25, 2016
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Get Expert Advice from Dallas LLC Setup Experts Are you looking for an business startup advisor who can guide you in Dallas LLC set up? We can offer customized Dallas LLC Set Up solutions. We are able to answer all relevant questions and resolve any issues related to LLC set up. Ask us and we will answer any questions including – Which states are more favorable for multi-business activities? Which business entity will...

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