Corporate & Business Tax Preparation is where the rubber meets the road. Here it is determined how much of your hard-earned money you have to give to Uncle Sam. You need a partner who is paying attention to your special circumstances, making sure to correctly and timely prepare and file your return without wasting a single deduction. It is your right to pay the least amount of taxes legally possible. Or you may decide to curb expenses and improve your margins to show a decent profit. Sometimes it takes some finessing to find that best case scenario; we will always listen to your wishes while keeping you inside the law. Business Tax Return (1120S/Sched. C./1065) fees start at $165 e-filed.
Submit your completed Corp. & Business Tax form to daytonasolutionsinc@gmail.com.
Frequently Asked Questions (FAQ)
- I have a new company and didn’t work at all with it last year. Do I still need to file a tax return?
Yes, you do. The IRS mandates every company to file a federal tax return by March 15th, even if there was no business conducted. Missing this deadline will cost you a minimum of $200/per month/per shareholder – that adds up quickly! We can file a ZERO return for a mere $50.
- I started my company and didn’t keep track of anything – can you help me?
Of course! Let’s first file an extension until September 15th and then get together to compile the data needed for the tax preparation. Check out our bookkeeping services.
- I don’t want to pay for bookkeeping – can I compile the data needed myself? What do you need?
Best is a profit and loss statement created through professional bookkeeping software. If you have a smaller company, a spreadsheet might work as well. In a pinch, we can accept a hand written list of all your income and expenses totals for the year.
- I understand the income part – what expenses can I deduct?
This depends on your business, but very broadly put, anything you use in your business to make money is a deduction. Examples are phone, internet (not cable), insurance, office expenses, supplies and materials, payroll, auto expenses, travel & entertainment (business only), bank fees, licenses, cont. Education, interest, advertising, repairs, rent, utilities, etc. Please email us for a complete list of expenses for your industry.
- Got it – so how do we go from here? How can I make this less stressful for me?
You will be surprised by how easy the process actually is once you’ve decided which way to go. Either hire us for the bookkeeping or provide us with the data needed in a personal appointment or through email/fax/mail/24-hour secure drop off and let us do all the work. If we have all the data needed, your return will make it back to you in less than a week for review. Once approved, we e-file for you and keep you compliant and penalty free. Best of all, you can pay us online for added convenience.
- Sounds good – but how much is this going to cost me?
Tax preparation for the average small company starts at $165. Added fees for added Schedules, like rental income or sale of business assets do apply. Please ask us for a more specific quote if you have special circumstances.
- What about all the other stuff – sales tax, forms 1099-MISC, tangible taxes, annual minutes, etc.?
We do it all in the same no-nonsense approach. You email us what you need done, we give you a quote, you pay, we do the filing. We do it all online, so you can save time and money. You can also hire DAYTONA SOLUTIONS! INC. on a continuous base to keep you compliant in all tax related filings for a very low fee and 100% peace of mind.