As a business owner, the last thing you want to do is make mistakes as it relates to your business tax preparation. Forgetting to declare certain expenses can result in a smaller return than you're entitled to. Or, failure to properly allocate your income, assets, or other information, might result in an audit. And, even if you file your taxes accurately on your own, you're likely leaving some cash behind on the table for state taxation offices and Uncle Sam. If you don't want to make those mistakes and want to maximize your return, a San Diego CPA firm such as ours can help!
Professional Tax Services for Small Business Owners in San Diego
You have enough to worry about as a business owner to compile and add to those worries with tax inquiries or accounting questions. If you aren't sure what a debit or credit is, how much you pay each month for your supplier to deliver goods to your warehouses, or what your payroll looks like, we're here to help. Our team of professional CPA tax preparation specialists can help you in all phases of the tax planning and filing as tax season fast approaches.
We'll handle your expenses, payroll, accounting, bookkeeping, and work with you to properly allocate all your expenditures as a business owner. We'll also make sure to include all deductions you are entitled to, to ensure we're maximizing the return you'll receive. And, if you owe anything to the IRS or state tax offices, we'll make sure that we double check our work so that you're paying as little out-of-pocket as possible while avoiding any penalties, errors, omissions, or inconsistencies in your tax returns.
We'll Help You Understand the Latest Tax Codes
In years past, tax filing was as simple as entering a few figures into online tax filing software and you were finished. However, with the modifications to the tax code last year, there are new deductions, business expenditures, small business taxes, and other changes that many business owners aren't aware of. If you aren't sure what you can deduct, how much you're entitled to deduct for your home office space, whether you can deduct for a contractor, or have any other questions, our CPA tax preparation specialists are here to help.
We can assist you with your tax return, regardless of what your profits or losses were over the past year. We'll ask all the right questions, compile all necessary receipts, put together spreadsheets, and work to ensure we have all relevant documentation necessary for filing your returns for the tax year. And, if there are any expenses we can deduct, that you're entitled to, we will make sure they're incorporated into your business expenses, so that we can maximize how much you're going to receive as a refund this year.
We Make Sure We Gather all Relevant Documentation
Even if your taxes are perfectly filed, you never know when it's your turn to be audited. And, with so many changes to the tax code, the last thing you want to have happened is to try to explain how you came up with the figures you entered on your return, without having the necessary receipts to prove your expenses. Our team will Collect all receipts for your expenses, so we can include them with your tax filing paperwork Make lists of expenditures including office, cell phone, cars/fuel, supplies, payroll, and other expenditures you incur throughout the year Have all assets documented in case we are audited to prove what we've entered into your 1099 All relevant tax payments, quarterly payments made (for self-employed), accounting records, and other documents the IRS requests, if you're audited
Since most audits are random, you never know when your business is going to be called upon to prove the figures you came up with and entered into your tax returns. If you don't have the proper receipts, and can't back up your entries, this can result in tax penalties, fines, levies, and other problems with Uncle Sam and state tax agencies, that you don't want to go through on your own.
We can help with Accounting and Bookkeeping
For businesses that don't know where to begin with tracking their accounts, ledgers, inventory, cost of supplies, and other expenses, our team of professionals can also assist you on these fronts as well. We have professional bookkeepers to assist you with maintaining your company's records. If you need us to maintain monthly or quarterly reports, we can do so. And, we will make sure to communicate with you regularly, to discuss your expenses, where you can cut back, and how we can work to maximize your profits, by showing you areas where you can cut back on costs/expenses for your business.
Tax planning, business consulting, tax preparation and filing, bookkeeping and accounting, are a few areas where most business owners simply don't have the requisite experience to do the work themselves. And, these are areas within a business that cause major stress for business owners. If you want to focus on operating a successful business, allow a professional San Diego CPA firm to assist you with the financial aspect of things. We're here to help!
Don't hesitate to call us today to learn about our business tax preparation, audit services, general tax questions, tax planning, or tax consulting services. Our team of professional accountants is here to answer your questions, guide you, and ensure we're maximizing your returns when tax filing season rolls around. Whether you'd like to book your consultation and have us prepare/file your taxes, you have a few questions about our process, or you'd like to find out how we can help your business in the event of a tax audit, give us a call today or visit our site to book a date with our tax professionals!