River City CPAs - The Experts of Business Taxes
Business taxes are tricky and when they apply to your business they can be downright terrifying. River CPAs helps make the business tax preparation process easy, efficient, and convenient, no matter how complex your situation. We are experienced in all aspects of federal and state business taxes and our experience allows us to oversee, prepare and develop strategies to maximize tax benefits for you.
Most people and small businesses use a professional tax preparer to help prepare their business taxes. Tax rules may change year to year and there could be easy tax deductions and/or rule changes and submit an incorrect tax return.
Get the Most Business Tax Deductions Allowed
Business tax deductions can be complicated and if errors are made you can overpay and suffer stiff penalties from the IRS. When you partner with River City CPAs, you can be assured your taxes are done correctly so you can get the most deductions and save money.
Planning for Your Business Taxes
An essential piece for the success of your business is good business tax planning. Finding every business tax deduction involves creating an effective strategy. We help you set up a strategy, gather documents, and ensure that in the future things are kept up to date, saving you time and money. Business tax deductions can save you into the thousands so work with us to get the most for your money.
Having a business tax strategy will benefit your business in many ways. It will save you time because you will have a plan of what you need in order to file your taxes and be able to collect it throughout the year so it is all together when the time comes. It will save you money because you won’t have to go back and forth with accountants looking for things and analyzing paperwork, not to mention not having to pay penalties and interest for filing your business taxes late. River City CPAs will help your manage the process of judging the tax landscape for your business and offer guidance on how to conduct transitions in a way that benefits you and your company.
Many don’t know what paperwork they need to gather to complete their business taxes. River City CPAs has created this list of documents you will want to be sure to keep/collect to be able to consult with an accountant:
- Gross Revenue and 1099s
- Sales and Excise Tax Returns
- Payments to Vendors and Subcontractors may need to issue 1099s
- Inventory levels (beginning and ending) and Inventory Purchases
- Parts and Supplies
Documentation of large Asset Purchases (Homes, Buildings, Land, Machinery, Leases)- Payroll Tax Returns
- Payroll Processing Fees
- Employee Benefits
- Rent Paid (Office, Equipment, etc.)
- Telephone and Internet
- Automobile
- Home Office
- Meals and Entertainment
- Travel
- Office Supplies
- Postage and Shipping
- Equipment Purchased and prior year depreciation schedule
- Insurance – Liability, Auto, malpractice, Life, Disability, Owner Health, Employee Health
- Utilities
- Commissions and Fees
- Repairs and Maintenance
- Loan Interest
- Taxes, Licenses, and Permits
- Publications and Dues
- Advertising
- Legal and Professional Fees
- Medical Expenses
- Pension and Profit Sharing
- Uniforms and Work Clothing
- Laundry and Janitorial
- Tools
River City CPAs Will Help Relieve the Stress of Business Taxes
Stop stressing about your business taxes, when they are due, and what paperwork is needed – at the expense of your business – and let River City CPAs manage these for you. We are familiar with a variety of business models, industries and marketing environments that can affect your business taxes which helps us be more effective in meeting the demands of your business.
We can also help with any bookkeeping and payroll needs you might have. Call 314-934-3137 for a free consultation today!