BUSINESS TAX SERVICES
INCOME TAX RETURN PREPARATION
We expertly prepare all types of business returns. Whether your business is structured as a straight forward single owner sole proprietorship that files a Schedule C tax return or a more complex partnership or corporate entity that requires a 1065 or 1120 return. Partners Tax will provide accurate, timely, convenient and affordable tax preparation.
Are you a business owner being drowned by the multitude of federal, state and local tax filings required of you on an annual, quarterly or monthly basis: Sales & Use tax returns, Payroll tax returns, State Unemployment tax returns; Personal Property tax returns, Quarterly Income tax returns, Privilege Tax returns, Business Licenses? It can be a full time job just figuring out what taxes you are subject to, how to fill out the returns, where to file them, and when they are due. When are you suppose to actually do the work that makes you money? We can help you determine what tax returns you must file, to whom and fill out the forms for you so you can go back to what you are in business to do.
A key element of good tax services is looking ahead, to structure transaction in a way so as to avoid taxes. After the fact tax planning just doesn’t work. By the time the return is due, often what is done is done, and the tax due is due. We can help you in both your personal and business decisions make the decisions that will reduce your taxes. Just call us, we are happy to help.
We base our bookkeeping fees on a fixed monthly fee or by the task fee, so you won’t have to worry about being surprised by your accounting bill. We don’t charge by the hour or by the phone call, so you will always know what you are paying before the work is done.
SPECIFIC NEED BASED SERVICES
Do you just have specific tasks related to your bookkeeping that you need addressed. For instance, you only need someone to do your monthly bank reconciliation because you loath doing it, or doing your weekly payroll has become too time consuming, or do you just want someone to file your sales tax or payroll tax returns from number you provide? We can do those specific tasks at a fee that is less than what your time is worth doing other things for your business.
FULL SERVICE BOOKKEEPING
We can keep a QuickBooks company file at our location and backed up off sight to protect your financial information. We can pay all your approved bills, invoice your customers and enter all accounting transactions for the company including checks, deposits, and other transactions in your company file. We can properly enter estimates, invoices, credit memos, bills, item receipts, checks, credit card charges, and purchase orders. We can also perform payroll for your employees, do the bank reconciliations for the checking account and enter adjusting journal entries as necessary. And we will provide you with monthly reports of profit and loss to date, accounts receivable aging schedule, accounts payable aging schedule and balance sheet. We can also use this information to file all your various federal, state and local taxes, including sales tax, payroll tax and income tax. And at year end prepare all W-2’s and 1099’s.
OUTSOURCED IN-HOUSE ACCOUNTANT
Do you prefer to have immediate access and control over your QuickBooks file? Or has your company gotten too big or too complicated for you to do it on the side and still have time to do the real work of your business, but you just can’t yet justify paying a salary to a full time in-house accountant? Or have you tried to hire an in-house bookkeeper/administrative assistant only to fine they create more work for you and more of a mess in your books than they were worth?
We can perform all of the duties of an outside full service accounting bookkeeper or in-house accountant at your business location. We have knowledgeable and courteous bookkeepers who will come to your location, or log-in to your computer remotely, and do your bookkeeping work for as few or as many hours as you need. And you will also get the knowledge and experience of our entire team who is standing with them when decisions have to be made. You won’t have to worry about training someone, whether their work is correct, paying someone to work for hours when there is nothing for them to do, or their filing for unemployment if you terminate them.
Are you a business owner or thinking of starting a business?
We can help you chose the proper business entity and help you set it up. We can also help you set up a bookkeeping system, whether you will be maintaining it or could use our help.
There are a multitude of federal, state and local tax and license filings that small businesses must file initially and on an a monthly, quarterly and annual basis. Failing to file the right forms will result in your getting notices from several different government agencies, it can be overwhelming. Making a small business run and be profitable is challenging enough without also having to learn to be an accountant. We can help you determine what you must file and when, whether you are doing to do those duties yourself or could use our help.
BUSINESS ENTITY SELECTION
Whether you are just starting your career thinking wanting to make sure you are planning for retirement right, are nearing retirement, or are already retired, we can help you make the right decisions to ensure you minimize the tax effects on your retirement funds. We can also help you understand how the different retirement plans work, the pros and cons of your options and which make the most sense for you. We can also help you determine the right withholding elections to make with your retirement plans and social security to make sure you aren’t hit with unexpected tax bills while on a fixed income.