Business 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.
The keys to minimizing your tax are organization and record keeping. We find great opportunities in this area among our tax clients each year. Tools than can be utilized are:
Accordion file, to keep all those pertinent receipts and documents so when the time comes your preparer can access them easily and not be searching for paperwork. Many taxpayers are not able to get the full benefit of tax deductions because documentation is misplaced or lost. This can be extremely costly. Our experience would indicate that some lose as much as 50% of deductions because of this. Another big issue is that many self-preparers are unaware of all the deductions available to them. The takes more than 73,000 pages to explain the US tax code. Pretty easy to overlook things. There are also some apps out there that can help facilitate recordkeeping, almost make it foolproof.
We will be happy to help with all of these things, just give us a call.