Business Tax Preparation

Small Business Tax Preparation  

If you are a sole proprietor or a single-member LLC (SMLLC) without an S corporation election, your small business transactions will be reported on Schedule C of your personal tax return (Form 1040). As you might know, a single-member LLC is considered a disregarded entity, therefore it does not have a separate small business tax return this is a common misconception. Our fee for tax return preparation is typically $170 to $300 depending on how much activity and information you have going on (good organization can overcome complexity. Being disorganized can make the simplest of small businesses seem like a full audit. Either way we can help you. It’s what we do and we are rarely surprised.     Many small business owners have a home office, yet they might also have another work location. This needs to be handled correctly so that the home office expenses are not disallowed. Automobiles are another item, should the company own it, or should you? Mileage deduction or actual expenses is a very common question. It is important that we understand how the vehicle is being used so that we account for the expense correctly on your tax returns. We will also help with SEP IRA or solo 401k plan contributions calculations, and determine what the best course of action is to lower your tax liability.  Our staff can take care of your LLC on a 1065 or your Sub-S Corporation on a 1120-S.  We will produce your K-1 for your personal tax return.  All business tax returns can be file electronically for both Federal and State,