A corporate tax is levied against profits often including capital gains of a company or association. Earnings are generally calculated by deducting expenses from gross revenue.
No matter what the entity type, Whyte & Associates can prepare your business taxes. The business tax returns that we prepare annually are:
The above are necessary forms that need to be filed with the IRS. Along with filing the Federal tax return, we will prepare the necessary state return to go along with your Federal return.
A business tax return is generated from a good set of financial statements. The basic accounting functions might seem simple at a glance, but they can be far from it. We strongly encourage our clients to provide us financial statements generated by professionals. It is too often that we see clients overpaying in taxes often more than the cost of professionally prepared financial statements.
Even though we encourage professional accounting, there are exceptions when we are able to work from self-prepared accounting. We will make that determination upon our meeting. The following will be needed during our meeting:
With tax laws and regulations changing so quickly from year to year, it is key to find a preparer who does the due diligence to make sure you stay compliant. The best part about the Whyte & Associates team is that we are not just here to push out tax returns in bulk; we take pride in reviewing your business tax returns so that we can advise you on how to save the most taxes for the business and for you as the owner.