Business Taxes
Our accountants provide individualized consultant services to help alleviate the uncertainty and stress involved with tax and accounting management. With many years of experience and required continuing education, our experts are ready to provide you with the tax preparation and planning services that you need.
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We spend hundreds of hours every year studying tax regulations so that you don't have to. For example, if this is your company's first year in business, there are a number of important decisions we can assist you with when we prepare your business tax return—like whether to file the return on the cash or accrual basis. For a cash basis taxpayer, income is recognized when collected and expenses when paid (most individuals are cash basis taxpayers). For an accrual basis taxpayer, both income and expenses are recognized when incurred as opposed to when cash changes hands. This decision will impact your business tax return throughout the life of the business.
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Some of the other elections made on the first year business return that affect later years include depreciation methods, expensing of automobile deductions, employee vs non-employee compensation, and selection of tax treatment (and the form you file) if your business is an LLC.
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Automobiles? Should the company own it, or should you? Mileage deduction or actual expenses? These too must be properly discussed and accounted for on your tax returns.
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.
