Business Tax Preparation Services
If you are searching for “business tax preparation services”, “corporate tax preparation” or “small business tax preparation” services in Scottsdale, the East Valley, or Phoenix, Partridge & Associates can help and want to be your trusted business advisors!
Every year business owners must report profits, expenses and revenue to the IRS to pay their taxes.
Business tax preparation services are offered by many tax preparation companies in the Phoenix Metro area, but not all companies will do your taxes correctly. Concern over tax preparation is the last thing any business owner needs. But, with over eighty thousand pages of various tax code, law, rules, and regulations on the books, it could be easy to make a mistake which could cost you unnecessary tax liability and penalties. The expert tax preparation specialists at Partridge & Associates CPA’s will prepare your business tax returns accurately while also providing tax guidance to save you even more money and time. We can also help work with you to prepare financial statements.
We recommend an annual tax planning meeting to all of our business clients to discuss and devise tax strategies to minimize tax liabilities and maximize your company’s profitability.
With over three decades in the taxation industry in Scottsdale, the East Valley, and Phoenix, our tax specialists are more than qualified to complete your business tax returns accurately, quickly and affordably. Our tax preparation specialists are Certified Public Accountants (CPA’s); the highest certification attainable in the accounting industry. We recommend you entrust your business tax preparation to someone who is highly skilled and knowledgeable in all up-to-date areas and changes in tax law.
If you need assistance with business tax returns or would like to know how much our tax preparation services cost, please give Partridge & Associates a call today at 480.990.2727 or fill out our contact form to schedule your free phone consultation.
Business Tax Forms Available
Our Scottsdale based CPA firm, Partridge & Associates CPA’s PLC provides a wide range of business tax services including: preparation of corporate, partnership, retirement and multi-state returns. Listed below are some of the business tax preparation services that we do for our clients:
Schedule C – Profit and Loss Report for Business
Form 1040, Profit and Loss, also known as, Schedule C is a tax form used to report income or loss from a single-member LLC or sole proprietorship. Businesses must file a schedule C if the purpose of your business to generate profit/revenue and if you regularly take part in the business’s activities.
Form 1120 – U. S. Corporation Income Tax Return
A corporation is separate from its shareholders (owners) in relation to income taxes. The corporation’s owners are looked at as a separate entity and do not pay taxes for the corporation. Corporations pay income taxes by filing Form 1120. Corporate income taxes are not paid at the personal tax rate like personal income taxes are, they are paid at the corporate tax rate.
Form 1120S – Income Tax Return for an S Corporation
S corporations elect to pass corporate income, deductions, losses and credits through to their shareholders for tax purposes. S corporation shareholders report the flow-through of income/losses on their personal income tax returns and are assessed tax at individual income tax rates. Form 1120S is used to report income, losses, deductions, gains, credits, etc., of a S corporation.
Form 1065 – U. S. Return of Partnership Income
Partnerships file information returns to report gains, income, deductions, losses, credits, etc. Partnerships do not pay taxes on their income but pass through any profits/losses to their partners. Partners have to include partnership items on their information or tax returns.
Form 990 – Return of Organization Exempt Form Income Tax
Section 527 political organizations, no exempt charitable trusts, and tax-exempt organizations file for 990 or Form 990-EZ couple with Schedule A to provide the IRS with info required by section 6033 and maintain your tax exempt status. Form is an information return required by IRS Code Section 6033.
Form 706 – U. S. Estate (and Generation Skipping) Tax Return
Not every estate has to file federal estate tax returns. The US Estate (and Generation-Skipping_ tax return is required by the IRS for estates that meet specific criteria. Not all estates will meet this criteria. As a matter of fact, only about 2 out of every 1,000 estates in the US had to pay estate tax in 2017.
Form 709 – U. S. Gift (and Generation Skipping) Tax Return
IRS Form 109 U.S. Gift (and Generation-Skipping) tax return is used to report gifts that are taxable. Taxpayers have to file Form 709 if they give out gifts that exceed the current tax year’s gift tax exclusion. As of 2018, this exclusion was $15,000 per person/per year.
Tax Planning & Advisory
For practical and professional advice on any of your business tax questions, call Partridge & Associates CPA’s PLC. We can help you figure out the best way to expend your resources to save taxes and increase profitability; help you decide which type of business entity to set up for your new company; or even help you create a long term business or succession plan. Put our more than three decades years of experience to work for you.
If you’ve used a national chain, an expensive large accounting firm or discount tax preparation service in the past, be prepared for a very pleasant experience at Partridge & Associates CPA’s PLC! Our business tax advisors are also tax specialists who know tax law, and our goal is saving you money. Combine our competitive fees and superior service and you get great value. We save a typical business client thousands of dollars in taxes. What can we do for you?
Why Choose Partridge & Associates CPA’s For Business Tax Preparation?
- Over three decades of experience in the taxation industry
- Complete your business tax returns accurately, quickly and affordably
- Small, Medium & Large business tax preparation services
- Annual tax planning meetings to minimize tax liability and maximize profitability
- Keeps you from making costly mistakes on your tax returns