Tax preparation is an essential service industry in the United States, with the professional, scientific and technical services industry ranking 22nd in market size and 500th largest in the country. At 212 Tax, we understand the importance of filing timely and accurate tax returns to avoid any potential tax problems. To achieve this goal, we have incorporated several steps into our services. For those interested in a tax preparation franchise such as Liberty Tax Service or Opportunity Tax Service, it is important to note that this is typically a part-time opportunity due to the marked seasonality of the business.
To combat this, some tax preparation companies diversify into other related fields. At 212 Tax, we provide comprehensive tax services for individuals and businesses alike. We can help you understand the rules of reporting foreign bank accounts and prepare all required forms. We also work with you on the tax implications of your stock and bond investments to ensure that you keep them in the most fiscally advantageous accounts and make the best choices for calculating profits and losses.
In addition, we can provide clarification and familiarity with the UN Tax Unit needed to file tax returns for UN employees. We also understand the importance of data security for online tax preparation, ensuring that computers and networks are properly protected. The vast majority of tax preparers are small businesses: 37% are led by a single person, while 53% employ less than ten people. According to a study published by the US Government's General Accounting Office last year, most taxpayers (77% of the 71 million taxpayers) believe they benefited from using a professional tax preparer.
At 212 Tax, we understand that effective tax planning and compliance can make a valuable difference in product development and service delivery, billing and repairs, M&A strategies, and decisions on offshoring and joint ventures. We also specialize in RALs (anticipated repayment loans), which have recently been a controversial topic in the tax preparation business. Finally, if your spouse is in the United States on a G-4 visa, 212 Tax can ensure proper tax preparation for foreigners. We are committed to providing comprehensive services to help you stay on the right side of the law.