Managing payroll, tax withholding and tax deductions can be time consuming and confusing.
With MBO Access and your personalized team of experts, automatic tax withholding is completed efficiently, accurately and compliantly. You’ll be able to see the exact financial details of each client payment in the MBO business center, the core of the IP.OS.
This service is available to you for as long as you work through MBO, and it is provided free of charge.
Most self-employed workers must file quarterly tax estimates in addition to their normal annual return. MBO Corporate Services workers enjoy tax withholding with each client payment, so you don’t have to guess how much tax to pay or take the time to calculate your contribution – it’s done automatically and reflected in the amount deposited into your business center each pay period.
We also offer payroll filings and information and assistance with other tax services as needed.
As an independent consultant, there are a variety of operating expenses that are not billable to your client but that can be deducted from your taxable income.
By submitting expenses as they are made, you no longer have to prepare a Schedule C filing at the end of the year. In addition, our compliance team provides guidance on allowable expenses in order to help keep your business aligned with the IRS tax code.
Corporate Services Associates are permitted to take advantage of all expense deductions, so long as they are deemed permissible by law.
Please note that expense deductions are reviewed on a case-by-case basis. The guidance provided on this page does not constitute legal or financial advice.