Small Business Tax Planning and Preparation

Tax Preparation and Planning for Small & Medium Size Businesses

Our firm offers a full range of tax planning and tax preparation services for your business. We provide assistance for all types of entities – C Corps, S Corps, LLC’s, and partnerships. We will review your business plan and discuss strategies that are available to minimize taxes without sacrificing profits.

  • Tax Planning:
    • Short Term: We will review your business income quarterly and project your annual taxable income and tax liability for the current year. We will work with you to determine the appropriate payment and prepare vouchers or assist with payment scheduling as needed.
    • Long Term: We will assist you in creating a long range plan for your business that includes the tax liability. Forecasting business income 3 to 5 years in advance will allow you to understand the interaction between business growth, inventory, and tax payments.
  • Entity Selection: We will work with you to understand your business and personal goals and select the appropriate tax entity (C Corporation, S Corporation, general partnership, LLC taxed as a partnership/sole proprietorship)
  • Tax Preparation: We will prepare your annual income tax return based on the accounting records and information provided. We will work with you to ensure that we have found all applicable expenses and optimized their tax treatment. After preparing a draft of your return, we will walk through it with you so that you fully understand it.