Business Tax Preparation

What this service is

Complete federal and state income tax preparation for businesses—accurate returns, e-file, and clear next steps—built on your closed books and backed by a secure, modern workflow.

Who it’s for

LLCs/partnerships, S-corps, C-corps, and single-member LLCs that want a dependable annual filing process with tight tie-outs to the GL and proactive guidance—without building an internal tax team.

What we do each year (and at extension time)

• Smart organizer & kickoff: secure intake, prior-year return review, entity/owner changes, multi-state nexus check.

• Book-to-tax tie-out: reconcile trial balance to prior return, adjust for M-1 items, method changes, and book/tax depreciation.

• Return preparation & e-file:

  • Partnerships/LLCs: Form 1065 + K-1s

  • S corporations: Form 1120-S + K-1s

  • C corporations: Form 1120

  • State & local income/franchise returns as applicable (e.g., TX Franchise).

• Fixed assets & depreciation: additions/disposals, Section 179/bonus analysis, schedules updated.

• Basis & capital accounts: track partner/shareholder basis and AAA, ensure distributions/loans are compliant.

• Owner deliverables: K-1 packets with plain-English summaries for individual filing and estimated-tax guidance if needed.

• Extensions & estimates: file timely extensions when appropriate; compute quarterly estimates and safe-harbor targets.

Package notes (what scales up at higher tiers)

• Multi-state returns and consolidated/combined filing needs.

• Quarterly tax projections and year-round planning (entity structure, comp mix, reasonable comp for S-corps, method elections).

• Formal tax workpapers and expanded support for lender/board requests.

• Coordination with your CPA for personal returns (K-1 timing, W-2/guaranteed payments planning).

Summary: Core preparation (federal + home-state) is available in lower tiers; multi-state, consolidated, and ongoing planning are included in higher-tier service packages.

What you receive

• Filed federal and state returns (PDF) + e-file acknowledgements

• Updated depreciation/fixed-asset schedules and book-to-tax reconciliation

• K-1 packets (if applicable) and a plain-English tax summary (what changed, why, and next steps)

• Estimated-tax coupons and payment instructions (if needed)

What we need from you

• Final, closed year-end books (or permission to coordinate with our Bookkeeping & Close team)

• Prior-year return, entity ownership details, and any new state registrations

• Fixed-asset activity (purchases, disposals), major contracts/leases, debt activity

• For partnerships/S-corps: owner changes, distributions/loans, and reasonable-comp info (S-corp)

Timeline & key dates

• Typical due dates: March 15 (1065/1120-S) and April 15 (1120)—plus states.

• Turnaround depends on when we receive complete documents; we will extend when needed to ensure accuracy and minimize risk.

Pricing drivers

Entity type and count, states filed, quality of books, fixed-asset volume, partner/shareholder changes, need for projections/planning, and support level (core vs. higher-tier planning/multi-state).

Quality & security

Standardized tax workpapers, documented book-to-tax reconciliations, version control, secure portal with MFA, encryption at rest/in transit, and WISP-aligned retention.

Popular add-ons

• Quarterly tax projections & planning (owner comp, dividends, safe-harbor)

• Multi-state nexus review & registrations

• Sales/use tax registrations & filings (if applicable)

• ESAC/PEO coordination for W-2/W-3 tie-outs

• Prior-year return checkup and amendments

Note: We can coordinate directly with your payroll and accounting platforms to streamline data and reduce prep time.