R&B Tax And Consulting

Upgrade Your Business with our Accountants

It is crucial to have a reliable partner to help you negotiate the financial complexity of today’s evolving business environment. Our team of knowledgeable accountants is committed to helping you grow your company and ensuring every financial choice you make is well-thought-out and advantageous.

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Who we are

Make Your Business Stand Out with Our Expert Accounting Services

At R&B Tax Consulting, we provide tailored accounting solutions to meet your unique needs. Our expert team is dedicated to helping you navigate financial challenges, enhance profitability, and achieve long-term growth.

Our Mission

Why Choose Us?

Ready to Optimize Your Financial Management? Contact Us Today!

Tax preparation

Make the most of your savings through our professional, accurate tax preparation services. 

Book keeping

With the support of our effective bookkeeping services, organize your funds. While we precisely handle your daily financial records
Our services

Accounting by the Book Perform with Trust.

Enjoy accurate and dependable bookkeeping with our dependable services. We make sure that your financial records are correct by closely adhering to standards.

Business planning

With our strategic business planning services, reach your company’s objectives.

Financial Planning

With the help of our financial planning services, safeguard your future. Our methods assist you in reaching your financial objectives
testimonial

Clients Feedback & Reviews

For us, working with R&B Tax Consulting has changed everything. Their exceptional individualized accounting services and proficiency in financial planning have given us practical, workable solutions.

John Doe

CEO

The group has continuously provided dependable and reputable service. They have assisted us in streamlining our operations and making wise judgments, from smart business planning to effective bookkeeping.

John Doe

CEO

Their audit, tax, and assurance services are precise, and their consulting services have helped us make important financial decisions. Overall, I've been really satisfied with the support and insight that they've offered.

John Doe

CEO
Why choose us

Unraveling Financial Potential, Tailored Just for You

We sincerely listen to your demands and customize our services to meet your particular company requirements. Our team’s knowledge enables you to confidently overcome obstacles and accomplish your objectives.

Tax Expertise

Our extensive tax knowledge optimizes your savings and streamlines your financial affairs.

Cost Efficiency

Obtain premium services at a reasonable cost to support the growth of your company on a limited budget.

Tax Expertise

Our preparation for audits guarantees easy, stress-free audits that increase confidence and reduce interruptions.

Tax Expertise

With less stress and more done in less time, you can be sure of our time-saving efficiency.

Common Questions

Most Popular Questions

These are our most frequently asked questions, which focus on how our services can improve your company’s performance and financial gain.

If payment for services you provided is listed on Form 1099-NEC, Nonemployee Compensation, the payer is treating you as a self-employed worker, also referred to as an independent contractor. You don’t necessarily have to have a business for payments for your services to be reported on Form 1099-NEC. You may simply perform services as a nonemployee. The payer has determined that an employer-employee relationship doesn’t exist in your case. If you weren’t an employee of the payer, where you report the income depends on whether your activity is a trade or business. You’re in a self-employed trade or business if your primary purpose is to make a profit and your activity is regular and continuous. If you’re in a self-employed trade or business, you must include payments for your services on Schedule 1 (Form 1040), Additional Income and Adjustments to Income and any allowable expenses on Chapter 2 of Independent Contractor (Self-Employed) or Employee? and Tax Topic 762, Independent Contractor vs. Employee.
Independent contractors generally report their income on Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship). Also file Schedule SE (Form 1040), Self-Employment Tax if your net earnings from self-employment are $400 or more. This form allows you to figure Social Security and Medicare tax due on your self-employment income. You may need to make estimated tax payments. Refer to Form 1040-ES, Estimated Tax for Individuals for more details on who must pay estimated tax. If you need to make estimated tax payments and don’t pay them timely, you may also need to file Form 2210, Underpayment of Estimated Tax by Individuals, Estates & Trusts.
Whether or not your state income tax refund is taxable on your federal income tax return depends on whether you took an itemized deduction (Schedule A (Form 1040)) for the tax that was later refunded. Don’t report any of the refund as income if you didn’t itemize your deductions on your federal tax return for the tax year that generated the refund. If you took an itemized deduction in an earlier year for taxes paid that were later refunded, you may have to include all or part of the refund as income on your tax return. Use Worksheet 2, Recoveries of Itemized Deductions in Publication 525, Taxable and Nontaxable Income to determine the taxable amount of your state or local refunds to report on your tax return.
Generally, you must make estimated tax payments for the current tax year if both of the following apply: You expect to owe at least $1,000 in tax for the current tax year after subtracting your withholding and refundable credits. You expect your withholding and refundable credits to be less than the smaller of: 90% of the tax to be shown on your current year’s tax return, or 100% of the tax shown on your prior year’s tax return. (Your prior year tax return must cover all 12 months.) There are special rules for: Farmers and fishermen Certain household employers Certain higher income taxpayers Nonresident aliens
To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test:

  • To meet the qualifying child test, your child must be younger than you or your spouse if filing jointly and either younger than 19 years old or be a “student” younger than 24 years old as of the end of the calendar year.

  • There’s no age limit if your child is “permanently and totally disabled” or meets the qualifying relative test.

In addition to meeting the qualifying child or qualifying relative test, you can claim that person as a dependent only if these three tests are met:

1.Dependent taxpayer test
2.Citizen or resident test, and
3.Joint return test
Yes, if your child was born alive during the year and the tests for claiming your child as a dependent are met, you may claim her as a dependent. You may also be entitled to claim:
  • The child tax credit (CTC) and/or additional child tax credit (ACTC)
  • Head of household filing status
  • The earned income credit (EIC)
Yes, a noncustodial parent may be eligible to claim the child tax credit for his or her child if he or she is allowed to claim the child as a dependent and otherwise qualifies to claim the child tax credit. A noncustodial parent must attach to his or her return a Form 8332, Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent (https://www.irs.gov/forms-pubs/about-form-8332), or a substantially similar statement, signed by the custodial parent to claim the child as a dependent.
See the Instructions for Schedule 8812 (Form 1040), Credit for Qualifying Children and Other Dependents (https://www.irs.gov/forms-pubs/about-schedule-8812-form-1040) for more information.
No, expenses paid to attend a private high school don’t qualify for an education credit because a high school isn’t an eligible educational institution.
In general, an eligible educational institution (https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eligible-educational-inst) is an accredited college, university, vocational school, or other postsecondary educational institut ion. To be eligible, the educational institution must also be eligible to participate in a federal financial student aid program administered by the Department of Education (https://www.ed.gov/)
No, for purposes of calculating the earned income credit, child support isn’t considered earned income.
Examples of items that aren’t earned income include interest and dividends, pensions and annuities, Social Security and railroad retirement benefits (including disability benefits), alimony and child support, welfare benefits, workers’ compensation benefits, unemployment compensation (insurance), nontaxable foster care payments, and veterans’ benefits, including VA rehabilitation pay ments. Don’t include any of these items in your earned income.