There are many reasons for a business to be incorporated as a legal entity, primarily to separate its obligations and responsibility from those of its owners. A legally incorporated entity has certain rights as well, which can be useful in the course of conducting business.
Our Expertise in Corporate Income Tax Preparation
Our expertise in corporate income tax preparation means that we can accurately and efficiently prepare tax returns for various types of business entities, including S Corporations and C Corporations. We can prepare Federal Income Tax Returns for Corporations, State Franchise Tax Returns, State Sales Tax Returns, State Payroll reports, and State Income Tax Returns for all 50 states.
S Corporations are generally small businesses and the legal structure combines advantages of both a company and an entrepreneurial endeavor. The incorporation provides a measure of protection over a business structured as a sole proprietorship or partnership. It also confers a favorable tax treatment on the entity that would not exist in a regular C corporation.
If your corporation has employees, we can prepare your payroll tax paperwork. We can calculate the tax deposits for each payroll period. For smaller businesses we take care of returns that are filed quarterly or annually. We also provide W-2s and/or 1099 forms for your employees and contractors at the end of the year.
Many of our clients are responsible for collecting and submitting sales tax in different jurisdictions. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.