About Us
Income Tax Return Preparation & Small Business Bookkeeping and Accounting Services. Lam Tax Service will perform the following services: Engage you in a brief questionnaire consultation to asses the best and correct filing method with the greatest benefit to you. Complete a federal tax return (1040ez, 1040, 1120, 1120s, or 1065).
The products and services we offer
Products & Services
We providing Bookkeeping and tax preparation service.
When you need to count on expertise, we're here to help. Lam Tax Service LLC offers free consultation calls to clients in and around Saint Paul. Le...
Lam Tax Service LLC offers bookkeeping services for businesses of any size in and around Saint Paul. Our experience and eye for detail will help ke...
Recent Activity
Hiring a tax professional to file your return is not like hiring a contractor to built your deck, there are no up front cost. So if he can’t complete it you have hired an incompetent person to do the job they can’t do. I suggest you hire a real professional with reasonable price to do the job....
(more)
Hiring a tax professional to file your return is not like hiring a contractor to built your deck, there are no up front cost. So if he can’t complete it you have hired an incompetent person to do the job they can’t do. I suggest you hire a real professional with reasonable price to do the job. In my office you only paid once the job is complete.
1 Reply
It the best way to start helping your client thinking about your business and your services available to them. This help them refer people to your because early.
(more)
It the best way to start helping your client thinking about your business and your services available to them. This help them refer people to your because early.
That’s a great question Dima,
Most all the answer provided already and great answers but I would just add what’s the intent for selling the books through the non profits? If it’s to generate revenue to run the non profit organization then you are exempt from taxes as well but if it’s for other...
(more)
That’s a great question Dima,
Most all the answer provided already and great answers but I would just add what’s the intent for selling the books through the non profits? If it’s to generate revenue to run the non profit organization then you are exempt from taxes as well but if it’s for other purpose beside the organization status then you will have to pay unrelated business taxes. But those type of activities are the one that usually raise red flag if they are not correctly reflected on the organization 990 tax filing.
Lam P. Chuol
Lam Tax Service, LLC
www.lamtaxservice.com
Just like the pervious tax law it all depend on your tax situation. Some will see lower taxes and some will see higher taxes.
(more)
Just like the pervious tax law it all depend on your tax situation. Some will see lower taxes and some will see higher taxes.
Thomas,
When are you planning on starting your business? If you are new to the industry and have no accounting or tax background I would suggest getting started with HR Block training course this fall. You will have the hands on training experiences needed to be a success ful tax...
(more)
Thomas,
When are you planning on starting your business? If you are new to the industry and have no accounting or tax background I would suggest getting started with HR Block training course this fall. You will have the hands on training experiences needed to be a success ful tax preparer.
Software wise, I would suggest going with a TaxAxt. They teamed up with Republic Bank and about 1 or 2 others to allow you to withhold your tax preparation fees from clients. If you need any questions or mentors feel free to reach to myself at Lam Tax Service, LLC at lamtaxservice.com
Great question David,
There are certainly ways to save money on taxes depending on situations and business needs. The only suggestion I would have is get an accountant, it doesn’t necessarily have to be a CPA but get an Accountant that would understand your tax situation so they can best advise...
(more)
Great question David,
There are certainly ways to save money on taxes depending on situations and business needs. The only suggestion I would have is get an accountant, it doesn’t necessarily have to be a CPA but get an Accountant that would understand your tax situation so they can best advise you. So NO not every small business should have a CPA but yes every small business need an accountant. No there is no need in having a tax attorney to review your spending or paying taxes, if you have the a good accountant they will be able to address those areas without any additional cost.
2 Replies
QuickBook is by far the most user friendly software and affordable for almost any size of business. You can do a sample company on QuickBook Online Accountant to get yourself familiar with the software. Plus they got great training instructors to get certifications.
(more)
QuickBook is by far the most user friendly software and affordable for almost any size of business. You can do a sample company on QuickBook Online Accountant to get yourself familiar with the software. Plus they got great training instructors to get certifications.
Work and life balance is for 9-5 employeees. Grind for 4-5 months so you can enjoy the freedom of insanity. As a newcomer into the industry I wish for the days when my sanity is my only concern.
(more)
Work and life balance is for 9-5 employeees. Grind for 4-5 months so you can enjoy the freedom of insanity. As a newcomer into the industry I wish for the days when my sanity is my only concern.
1 Reply