Panoramic
Blog
Want to boost your business skills?
Welcome to our free learning center where you will find
- Quick tips
- On-demand training videos
- In-depth how-to guides
- Success stories, and much more.
Did you know there are different levels of tax planning? That’s why you may have experienced a tax surprise even though you paid your estimated tax payments.
Here are the main 4 levels of tax planning and how they affect cashflow.
- Â Avoid Penalties
The basic level of tax planning is to calc...
Have you ever reviewed your profit report and celebrated an increase in sales and profitability? You gave everyone a high five and announced year-end bonuses.
A few days later the celebration was over after your bookkeeper asked you to transfer money for payroll.
You wonder what happened…how ar...
Watch this video to learn how income taxes are different for an employee, business entity and owner.
0:27Â Â Â Â Â Â Â As an employee, income taxes are withheld for you. So, it is easy to know how much money you have to spend without worrying about surprises at tax time.
1:48Â Â Â Â Â Â Â Most business enti...
It depends.
If your business is a C Corporation, then the answer is easy – Yes. The company pays income taxes directly to the IRS and state. The business will issue a check made payable to the IRS for the amount shown on the business tax return – IRS Form 1120.
For all other companies, the answer ...
