Business Income Tax Preparation

Tax preparation needs to start immediately for small business owners. An organized bookkeeping system must be set in place in order to ensure you have accurate records and receipts for all deductions. If done properly, you will have all the information to ensure you get the best tax breaks

Small business tax return preparation and filing instructions is a core service offered to our clients. Whether your company is a C corporation, S Corp, Limited Liability Company, Partnership or Sole Proprietor a properly prepared tax return can be filed to minimize the tax owed.

A business tax return cannot be prepared without knowing the client and understanding the business of the client. Questions that are quite common may be:

• What method of depreciation is best for each asset and asset group?
• Is cash or accrual the best method for the tax return?
• Are estimated tax deposits required and, if so, how much?
• Are there special tax provisions which the company can take advance of?
• Are there multiple businesses that need to be viewed jointly due to interrelated activities?

We review the tax return with the client before it is finalized to be sure the client has had proper input to the tax return.

When the tax return is completed we provide a trending report that compares that last several years of the business. This also becomes that first step in planning for the next year.