Business Taxation
Tax Preparation For Businesses
Small businesses face tons of legal, tax and compliance issues. We understand those challenges and work with you at every step of the process. We can help lower your tax bill and keep more of that hard-earned money.
Meet your tax manager and discuss the tax preparation process, including expectations for the engagement and what information and documents we will need to prepare your return.
Our team will prepare your tax return and review it for accuracy, finding every opportunity for tax savings.
After we prepare and review your return, we will send it to you for your review before filling it on your behalf.
Some of the most common questions that are asked by small business owners but are not limited to, go as follows:
- What is the right business structure that suits me?
- What are the different entity structures and the difference between each of them?
- Are there any special licenses or permits that I need?
- When do I need to file my estimated tax payments and how much?
- What kind of deductions and credits is my business eligible for?
- How do I write off business assets?
- My wife is a partner in my firm; can we file as a Qualified Joint Venture?
- Can my 15-year-old son work in my company and be paid a salary?
- Can I take a home office deduction? How do I calculate it?
- What type of retirement plans can I offer to my employees?
- Which fringe benefits are taxable to me and which are not?
- Will I get audited? How the IRS audits small businesses?
We work with all my clients on getting their penalties reduced or eliminated, interest charges removed and resolving tax issues and notices. We offer year-round planning for my small business clients and offer tips and strategies to help them.
We file the following forms
- Individuals (Form 1040)
- S-Corps ( Form 1120S)
- Corporations ( Form 1120)
- Partnerships ( Form 1065)
No, it does not. Tax Preparation and Tax planning are two separate things. Please check our tax planning and free resources section for more information.
We start by scheduling a complimentary call to discuss your requirements and expectations. Following that, we proceed with onboarding you onto our system. You will receive access to a shared portal where you can securely upload all the necessary documents. The tax preparation process commences, and it typically takes approximately 10 business days to complete and thoroughly review your return. The initial draft is then sent to you for your review. After you have carefully reviewed the draft, we proceed with filing your return once you have signed the e-consent form.
We are located in Houston, Texas and meet only through appointments. No walk-ins please.
Yes, we do amendments and are happy to review past years’ tax returns as well at an hourly charge. We feel that taxpayers generally leave a lot of money on the table each time we review a return.
Yes, we are licensed to practice in all the 50 states.
Yes, we do. Please schedule a free call with the office to discuss your needs.