Federal and State Income Tax Preparation
We prepare Federal and all state income tax returns for:
- C Corporations
- S Corporations
- Limited Liability Companies (LLCs)
We bring vast experience, analysis and research tools and a dedication to remain up-to-date on the ever-changing federal and state income tax laws. Our goal is to guide our clients through tax strategy decisions that will minimize both current and future tax liabilities to maximize after tax cash flow.
Tax planning for individuals and businesses is the key for minimizing current and future tax liabilities and for maximizing after tax cash flow. As with tax preparation, we bring vast experience, analysis and research tools and a dedication to remain up-to-date on the ever-changing federal and state income tax laws. Our experienced staff can identify proven strategies and new legislation to guide our clients through tax planning decisions that will minimize both current and future tax liabilities to maximize after tax cash flow.
Entity Selection and Restructuring
The type of entity you select impacts both your tax and various financial liabilities as your business begins and grows. We will use our experience and expertise to assist you in choosing the type of entity at start up or advise you, if a change would be advantageous.
IRS and State Tax Representation
Professional representation is often crucial in dealing with notices and audits. Our knowledge of the tax laws and experience in dealing with federal and state taxing authorities enables us to guide our clients in responding to notices and the audit process should it arise.
Payroll Tax Preparation
Our payroll tax preparation services for your federal and state quarterly and/or annual payroll tax returns also include Form W-2’s, Form 1099’s, and Form 1098’s, if applicable. Our services aid you in avoiding the weighty penalties associated with errors and late filings
State and local sales tax laws can be vague and complicated. We can assist you in determining the taxability of your goods and services, setting up your accounting system to properly collect sales tax from your customers and electronically file the sales tax returns for you.
The South Dakota vs Wayfair decision on June 21, 2018 has changed the rules in almost every state redefining when a company is required to register, collect and remit sales taxes. Our staff has created a matrix to assist in determining if you are responsible for the collection and remittance of out-of-state sales tax.
New Business Start Up
From entity selection, acquiring tax identification numbers, selecting and timely filing the elections needed for selected entity types, setting up accounting systems, payroll preparation systems, pension options and determining sales tax collection obligations, our experienced staff will guide you through the process.