Tax Preparation

Tax Prep: Why It Matters

Timely, accurate tax preparation isn’t just about checking a box - it’s a critical component of financial health. A well-prepared return minimizes liability, maximizes eligible deductions and credits, and reduces audit risk. Our goal is to simplify the tax landscape for you: guiding you through complex regulations, ensuring you meet all filing deadlines, and helping you seize every opportunity to minimize your tax burden. When your taxes are handled correctly, you avoid penalties, free up cash flow, and gain confidence that you’re in full compliance with federal, state, and local requirements.

Our Tax Preparation Process

1. Initial Consultation & Document Gathering

We begin by reviewing your entity type (sole proprietorship, S-Corp, LLC, etc.), understanding your income sources, and noting any special situations (e.g., rental properties, pass-through entities, or retirement distributions).

We provide a tailored checklist of required documents: W-2s, 1099s, K-1s, expense receipts, prior-year returns, and bank statements.

2. Review & Organization of Records

Our team examines all supplied documents, verifies completeness, and organizes them by category (income, deductions, credits).

We reconcile any discrepancies - such as missing 1099s or mismatched income between forms and bookkeeping - to create a clean foundation for preparation.

3. Draft Return Preparation

We prepare your federal and state (or multi-state) returns using up-to-date tax software, applying all eligible deductions (home office, Section 179, depreciation) and credits (R&D, energy, childcare).

If you operate an S-Corp or partnership, we prepare the required Schedule K-1s; for sole proprietors, Schedule C is carefully reviewed for accuracy.

4. Review & Strategy Session

We send you a preliminary draft of your return for your review. During a brief strategy session, we discuss:

Tax-saving strategies for the current year
Any red flags that might trigger IRS inquiries.

We make any necessary adjustments based on your feedback or additional documentation.

5. Annual Financials & Tax Prep Readiness

Once you’ve signed off on the final draft, we e-file your federal, state, and local returns, ensuring accurate entries for direct deposit or payment.

We confirm acceptance status and provide you with copies of filed returns along with an organized folder of supporting documents for your records.

Pricing & Scope

Entity Tax Preparation
(C-Corporations, S-Corporations, and Partnership)

Starting at $1,500

Our Entity Tax preparation covers all aspects of corporate and partnership filings - Form 1120 (Corp), Form 1120-S (S-Corp), and Form 1065 (Partnership). We handle K-1s, income allocations, and compliance nuances so you optimize tax positions and avoid penalties.

Key Features:

Accurate Return Completion & K-1 Issuance. Prepare and file the appropriate entity return (1120, 1120-S or 1065) with detailed schedules, as well as generating and distributing Schedule K-1s to shareholders/partners, ensuring correct allocation of income, deductions, and credits.
Compensation & Distribution Strategy. For S-Corps: Analyze reasonable salary vs. distributions to balance payroll tax savings with IRS guidelines. For Partnerships: Review guaranteed payments and special allocations to ensure “substantial economic effect” and minimize partner-level surprises.
Basis Tracking & Compliance Review. Calculate and monitor shareholder/partner basis to determine taxability of distributions and contributions, and verify that entity-level elections, depreciation, and accruals comply with IRS rules and state requirements.

Individual & Sole Proprietor Tax Preparation

Starting at $1,800

Our Individual & Sole Proprietor Tax Preparation ensures your personal or Schedule C return is complete, accurate, and optimized. We focus on maximizing deductions, minimizing self-employment tax, and meeting filing deadlines.

Comprehensive Document Review & Deduction Maximization. Sort and verify W-2s, 1099s, and expense receipts to capture every eligible deduction. For sole proprietors, we optimize Schedule C entries to reflect accurate net profit and minimize taxable income.
Self-Employment & Estimated Tax Guidance. Calculate self-employment tax accurately and integrate it into Form 1040, providing a quarterly estimated tax schedule based on projected income to help you avoid underpayment penalties.
Accurate Return Filing & Audit Risk Assessment. Prepare and e-file Form 1040 (with Schedule C if applicable) for federal and state returns, ensuring all income and expenses are correctly reported. Identify potential audit triggers (large charitable donations, unusual business losses) and recommend strategies - such as adjusting withholding or documentation practices—to mitigate risk.

All our tax services include the following:

Federal & State Return Preparation

E-Filing & Confirmation

Deduction & Credit Review

Pass-Through Entity Filings

Estimated Tax Calculation

Audit Risk Assessment

Supporting Document Package

Post-Filing Notice Support

….And more!

Interested in our tax services? Contact us below!

FAQs

You certainly can—many software options (TurboTax, H&R Block, etc.) guide you through basic individual returns. However, risks include:
- Missed Deductions & Credits: DIY filers often overlook industry-specific credits (e.g., R&D, Work Opportunity Tax Credit) or miscalculate home-office deductions, leaving money on the table.
- Inadvertent Errors: A misplaced decimal or wrong Social Security number can delay processing, trigger IRS notices, or lead to penalties.
- Underpayment Penalties: Without precise projections, you might underpay quarterly estimates and face unexpected penalties and interest charges.
- State & Local Complexity: If you have income in multiple states (rental properties, online sales), DIY platforms may not handle nexus rules properly, resulting in noncompliance.
- Audit Exposure: Without professional oversight, unusual deductions (large charitable gifts, self-employment expenses) can increase audit risk.
What are the benefits of hiring a professional?
- Maximized Savings: We stay up-to-date on ever-changing code provisions, helping you capture every eligible deduction and credit.
- Reduced Audit Risk: Professional review and thorough documentation lower the chance of triggering IRS inquiries.
- Time Savings: Free yourself from gathering forms, navigating complex schedules, and chasing e-file rejections—spend your time growing your business.
- Strategic Planning: Beyond filing, we provide proactive guidance on retirement contributions, entity selection (e.g., S-Corp vs. LLC), and timing of income or expenses.
- Peace of Mind: If notices or audits arise, we’ll handle all correspondence, defending your return positions and saving you hours of correspondence and stress.
- Individual (Form 1040): April 15 (or the next business day if the 15th falls on a weekend/holiday).
- S-Corporation (Form 1120-S) & Partnership (Form 1065): March 15 (or next business day).
- Corporation (Form 1120): April 15 (or next business day).
- Estimated Quarterly Payments: April 15, June 15, September 15, and January 15 of the following year.
  If you need an extension, we can file Form 4868 (individual) or Form 7004 (corporate/pass-through) to push the deadline, though any tax owed still must be estimated and paid on time to avoid penalties.
Yes—our advisory services extend beyond just filing. We offer:
- Quarterly Check-Ins to reassess estimated payments and adjust withholding.
- Year-End Tax Projections so you can time income and deductible expenses (e.g., capital purchases, retirement funding).
- Entity Structure Reviews to determine if converting to an S-Corporation or adding a retirement plan can yield tax savings.
We include Post-Filing Notice Management in every engagement. If you receive any correspondence—CP2000 letters, state audit notices, or requests for clarification—we’ll handle the response, gather supporting documentation, and work on your behalf until the issue is resolved.