We can help you with the preparation of your Income Tax. We are part of the Directory of Credentialed and Qualified Federal Tax Return Preparers-AFSP to help you with your Income Taxes.

The form of business you operate determines what taxes you must pay and how you pay them. We can handle your business income tax. A corporation's profits are taxed to the corporation when earned, and then taxed to shareholders when distributed as dividends. 

S corporations are corporations that elect to pass through corporate income, losses, deductions, and credits to their shareholders for federal tax purposes.  

A partnership must file an annual information return to report income, deductions, profits, losses, etc., from its operations, but does not pay income tax. Instead, you “pass through” any profits or losses to your partners. Each partner includes his or her share of the partnership's income or losses on his or her tax return. A Limited Liability Company (LLC) is a business structure permitted by state statute.

◎ Form 1040-NR If you are a nonresident alien who was engaged in a trade or business in the United States. Represented a deceased person who would have been required to file Form 1040-NR. Represented an estate or trust that had to file Form 1040-NR  

◎ Form 1042 to report: income and amounts withheld as described in the Instructions for Form 1042-S, specified federal procurement payments paid to foreign persons that are subject to withholding under section 5000C, and Distributions of income effectively connected by a publicly traded company or nominee.

◎ Form 1120F is filed by Foreign Corporations to report their income and profits, lost deductions and credits, and calculate their Tax liability in the United States.

The self-employment tax – Self-employment tax (SE tax) is a Social Security and Medicare tax primarily on self-employed people. Your tax payments DO contribute to your coverage under the social security system. 

You generally must pay income taxes, including self-employment tax, by making regular estimated tax payments throughout the year.

We process people who do not qualify for a Social Security number but still need an Individual Taxpayer Identification Number (ITIN) to file a Form 1040 and other tax schedules.

It is a report as of January 1, 2024 that many companies must submit to report on the people who ultimately own or control it. BOI filing is mandatory for companies that fit the filing criteria set by FinCen. Penalties for failure to report include civil penalties of up to $500 per day up to a maximum of $10,000 and criminal penalties up to a maximum of 2 years in prison.

Choose the type of entity your business needs (S Corp., Corporation, LLC or Single Member Partnership), apply for an Employer Identification Number (EIN), fictitious name (DBA-Doing business as), business licenses and permits , Annual Report, Amended, change or add directors or partners, and others.

Bookkeeping Services Accounting services to identify, measure and record all financial transactions and Analysis of Financial Statements.

We assist and manage payroll, federal and state tax filing if you have employees or are an officer or shareholder of a corporation (S Corp or C Corp) receiving compensation in your business.