Business Tax Preparation

Service Description

Our business tax preparation services cater to small businesses, helping them navigate the complexities of tax regulations. From sole proprietorships to partnerships and corporations, we provide precise and reliable tax solutions that optimize your business's financial health. The service includes completing a Federal Business Return and one (1) State Business Return. Partnership Tax Returns – Partnerships, which distribute profits among partners, also have tax benefits. Their returns are due on March 15th annually, with a six-month extension available. S Corporation Tax Returns – S Corporations elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on corporate income. S corporations are responsible for tax on certain built-in gains and passive income at the entity level. S corporation tax returns are typically due on March 15th each year; however, S corporations may request a six-month extension. C Corporation Tax Returns - Corporate structures can have significant tax advantages since these structures allow the corporation to pay tax on profits instead of the owner. Corporate tax returns are typically due on April 15th each year; however, corporations may request a six-month extension. Non-Profit Tax Returns - These entities file Form 990, with deadlines varying based on their fiscal year-end. Our services adapt to each non-profit's unique requirements, ensuring compliance and efficient electronic filing.