Services

What We do

Individual Tax Preparation

Individual Preparation

After years of serving clients in some of the largest metropolitan areas, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity.
Some common areas that we handle on a daily basis:
▪ Self-employment/contractor/freelancer income
▪ Rental property
▪ Sale of Home
▪ Equity Compensation. For example, RSU, ESPP, ISO, NSO, etc.
▪ Multi-state allocation
▪ Company IPO, merger & acquisition
▪ Crypto currency
▪ Foreign Income Exclusion & Foreign Tax Credit

Our individual tax services provide fast and accurate results.
For individuals with Equity Compensation, we can discuss when and how to exercise or sell your stocks/options to optimize your net after tax income based on your vesting schedule.
For individuals with a business, we can discuss quarterly taxes as well as methods to structure your company, such as possible s-corp conversion or other types of credits & deductions.

Past-Due Tax Returns

We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your records, our team will assist in obtaining information from the IRS and any relevant states.
We can help estimate, reduce, or eliminate taxes or interest through various abatement programs, payment plans, and debt settlements (tax reductions) that are available through the government.
Give us a call to learn more about our individual tax services today

Business Tax Preparation

Corporate, Partnership & LLC Tax Preparation

There are four main types of business entities that require federal tax filings :
Partnerships, C-Corps, S-Corps and LLCs. Below is a discussion of each.

Partnerships

If you have more than one member in your business but have not otherwise
incorporated as an S-Corp or C-Corp, you should likely be filing this return. It is reported on Federal Form 1065 and (if applicable) certain state schedules. We support all 50 states. This default classification arises if you apply for an EIN number for a business entity that has more than one owner. This default classification also arises if you have registered an LLC with your state and that LLC has more than one owner, equity partner, or member.

C-Corps

A C-Corp is a taxable entity that pays taxes in its own right. It is reported on Federal Form 1120 and (if applicable) certain state schedules. We support all 50 states. This structure is the default classification you must file with the IRS after you file as a corporation with your state or after registering your EIN as a corporation with the IRS.
The C-Corp structure allows many shareholders and is the common classification for many Delaware startups and larger businesses.

S-Corps

An S-Corp is a small business corporation structure allowed by the IRS. It is reported on Federal Form 1120-S and (if applicable) certain state schedules. We support all 50 states. This is not a default classification – rather, you must apply for it and be approved by the IRS. The appeal of this classification is that it allows for decreased self-employment taxes on your individual return. These tax savings may be substantial, depending on the annual net income of your business. Please contact us for more details or to file your annual return.

LLCs

An LLC often has state filing requirements. We support all 50 states. However, for federal purposes, you would be filing your LLC taxes on one of two forms: From 1040 Schedule C or Form 1065. If you are the only owner, partner, or member of your LLC, then you would report on Federal Form 1040 Schedule C. If you have more than one owner, partner, or member of the business, then you would report on Form 1065, unless you have specifically incorporated as an S-Corp or other type of entity.

Please contact us anytime regarding any of these entity types as we have helped hundreds of businesses of various size over the years.

Bookkeeping

Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to countless staff members. We support online accounting platforms and are happy to work with whatever system
you are using, provided that it is accessible through a browser. Our experience in most major platforms is extensive, leading to top-quality work.

Payroll

From one single employee to over 100, our small business services will help you put together your payroll system, administer benefits, and ensure you are in compliance with federal, state and local code.

Sales Tax

From setup to monthly, quarterly, or annual reports, we are happy to complete this service for you. If you have issues with sales tax or have received a notice from the state, please send over to us at [email protected] and we will address for you.

Tax Preparation

Whether your small business is an S-corp, LLC, Partnership, or C-corp, we are happy to assist you with annual, quarterly, or monthly filings. Some clients are not sure what entity type is best – just let us know if you need help with the selection & we will provide all tax-related guidance.