Want To Know About Us
PAYLESS TAXES LLC
We are a tax firm built only for bonded commercial contractors. We plan and prepare your business and personal returns together, so strategies are decided before year end, not discovered after it. We know how your accounting method, entity structure, and owner pay affect both your tax bill and the financial statements your surety reviews. The goal: keep more of what your jobs earn without weakening your bonding capacity.
Our Services
What We Do
MOST TAX PREPARERS RECORD WHAT ALREADY HAPPENED. WE PLAN WHAT HAPPENS NEXT.
TAX PLANNING
Most contractors only hear from their tax preparer at filing time, when it is too late to change the outcome. We build your tax plan during the year, project your liability before December, and then prepare your business and personal returns from that plan. Planning and preparation are one service handled by one team, so nothing gets lost between the strategy and the return. We can also work alongside your current CPA if you want to keep them for your reviewed or audited statements.
ENTITY STRATEGY
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How your company is structured and how you pay yourself can move your tax bill more than any single deduction. We review whether your S corporation, partnership, or holding company setup still fits, set reasonable compensation that holds up to IRS scrutiny, and balance salary, distributions, and retirement contributions. We also check how each choice affects the equity and working capital your surety looks at, so saving tax never costs you bonding capacity.
ACCOUNTING METHODS
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Contractors have accounting method choices most businesses do not. Depending on your size and contract types, you may be able to use the completed contract method, cash, or accrual for tax while still giving your surety GAAP statements. We also time equipment purchases around Section 179 and bonus depreciation, and check whether your work qualifies for credits like the R&D credit. The right method can legally defer tax and keep more cash in the business for your next job.
Tax Planning
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Proactive planning all year, not just at filing time
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Business and personal returns prepared from the same plan
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A custom strategy built around your jobs and goals
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Quarterly estimates sized to what you actually owe
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Clear guidance when tax law changes
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Ongoing support from a team that knows construction
Our Approach
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Tax planning that accounts for your surety and bank
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Year-end projections before December, not after
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Accounting method reviews: completed contract, cash, and accrual
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Entity structure and reasonable compensation reviews
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Equipment purchase timing with Section 179 and bonus depreciation
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Need CFO and controller support too? Ask about SuretyCFO
RETURNS WE PREPARE
FORM 1120S
S-Corporation Return
FORM 1065
Partnership Return
FORM 1040
Personal Tax Return
Every Package Includes
DEDICATED TAX TEAM
Every return is managed by our tax team. Ask questions anytime and get clear advice and recommendations.
FIND DEDUCTIONS
Before your return is started, our team reviews your financial statements for missed expenses.
TAX STRATEGIES
Contractors have tax strategies most business owners never hear about. We find the ones that fit your company and make sure you use them.
EXPERT REVIEWED
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Every return gets a second review before filing, so no deduction or opportunity is missed.
E-FILE & DIRECT DEPOSIT
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We e-file all returns for you and make sure your refund is direct deposited to your bank
FAST TURNAROUND
Once we have your complete information, most returns are ready within days, depending on complexity.
INCLUDES K-1'S
Tax service includes every form needed. You will receive K-1's, state tax return and any other form IRS requires
TAX RETURN STORAGE
Once we finish your return, we will store it electronically on our secure servers for up to 5 years.
PREMIUM SUPPORT
Our team is available Monday through Friday, 9 am to 5 pm Eastern.