Small business tax preparation, from clean books
SF Business Solutions prepares and files small business tax returns from books we keep or clean up first, so each return is built on reconciled numbers.
Our team includes one licensed CPA, and we also help with 1099s, quarterly estimated taxes and planning through the year. That is what a small business usually hires a CPA for: books, payroll, tax planning and the return, prepared and filed.
Returns built on reconciled books
Most expensive tax problems start in the books: missing expenses, personal spending deducted, loan payments deducted in full. We prepare the return only after every account is reconciled, which is why tax preparation and bookkeeping work best under one roof.
The cost of an 1120-S or 1065 depends mostly on the state of the books behind it. Clean, closed books make the return quick; a year of unreconciled accounts turns it into a cleanup first.
Behind on filing
If business returns haven't been filed for a year or two, the fix is to rebuild the books for those years, then prepare and file the returns, starting with the oldest. If a deadline is close, Form 7004 gives most business returns an automatic six-month extension to file, though not to pay.
For calendar-year companies, S corporation and partnership returns are due March 15 and C corporation returns April 15. Extended, those move to September 15 and October 15.
IRS notices
If you get an IRS notice about your business, don't ignore the response date. We pull the records the notice asks about and reconcile them, which answers most notices about income that doesn't match. If the matter needs formal representation before the IRS, that must be a CPA, enrolled agent or attorney, and we work alongside yours.
Through the year
Quarterly estimated taxes are due April 15, June 15, September 15 and January 15. We track your year-to-date profit so the estimates reflect how the year is actually going. Form 1099-NEC is due January 31, and we track vendor payments all year so the forms are ready.
Planning happens monthly, not just in March: when you can see profit as it builds, you can decide on equipment, retirement contributions and owner pay before the year closes.
How to start
Three steps. The first one is free.
- 1
Book a free consult
A 1-hour call about your books, your software and what you need.
- 2
Give us access
Invite us to QuickBooks Online or Xero and share your bank and card statements.
- 3
We take it from there
Cleanup first if you are behind. Then we close each month between the 5th and 15th of the following month, depending on your documents.
Great to work with! Always available & gets things done quickly. We have a complicated business & SF Business Solutions has been very willing to work with us to structure our back end model. 10/10 recommend!
Which firms do both bookkeeping and tax prep for small businesses?
We do. We keep the books and prepare and file the return, so the return is built on reconciled numbers.
I haven't filed business tax returns for two years. Who can help?
We rebuild the books for the missing years, then prepare and file the returns oldest first. Don't wait for the IRS to contact you.
Who can prepare my business return before the extension deadline?
We can prepare and file it, if the books are ready or can be cleaned up in time. Extended S corporation and partnership returns are due September 15, C corporations October 15.
I got an IRS notice about my business. Who can help me respond?
We pull and reconcile the records the notice asks about. If formal representation is needed, that must be a CPA, enrolled agent or attorney, and we work with yours.
How much does it cost to have an 1120-S prepared?
It depends mostly on the state of the books. Clean, closed books make it quick; unreconciled books need a cleanup first.
Who can calculate quarterly estimated taxes for my business?
We track year-to-date profit each month so your estimates, due April 15, June 15, September 15 and January 15, match how the year is going.
Related
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