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Tax Preparation

TAX PREPARATION

Every business owner wants the lowest possible tax bill. Payless Taxes has a team of professionals who are focused on implementing the top tax strategies for you and your company’s specific needs each year in order to keep the most amount of cash in your pocket.

We will prepare and file your individual and business tax returns so that you are compliant with all federal, state, and local tax rules and regulations. Our virtual tax firm is able to handle all of your tax needs while you never leave the comfort of your home.  

We meet with every client virtually via zoom callto determine the specific needs of your business, and what personal goals we can help you achieve. Payless Taxes offers a FREE 45-minute consultation to review your situation and to explore how we might be able to help you!

Tax Preparation
Tax Preparation

WHAT WE OFFER

  • Limited Liability Companies (LLC)

  • S-Corporations 

  • Partnerships

  • Individuals

TAX PREPARATION FOR LLC'S

Have you heard the term ’LLC’ and were not quite sure what it meant? Tax Goddess Business Services offers a complementary meeting to all new business owners to review the ins and outs of owning an LLC. LLCs (Limited Liability Companies) are often used by businesses to protect and maintain a corporate-type veil of protection for the assets and interests of the owners of the business. Tax Goddess Business Services has helped owners of LLCs navigate this flexible entity type and helped them understand the rules and necessities of owning an LLC. Some of the common issues relating to LLCs that Payless Taxes can help you with are:

  • Distributions/Contributions

  • Membership interests

  • Formation and articles

  • Structure/planning

  • Taxation, preparation and planning

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TAX PREPARATION FOR PARTNERSHIPS

Partnerships, the formation of a business by two or more individuals, are a very common entity type, and are one of the most complex! This is an area of the tax code which can lead to fabulous tax benefits or despairing tax events depending on how the tax returns are filed and the Operating Agreement is created. Tax Goddess Business Services has helped many business partnerships by “walking” them around the potential pitfalls.

Basis calculations/Reporting schedules

Tax Preparation

Formation and articles

Tax Preparation

Partnership & Operating agreements

Tax Preparation

Structure / Planning

Tax Preparation

Auto usage/health insurance premiums

Tax Preparation

Taxation, preparation and planning

Tax Preparation

These agreements are one of the most important parts of a partnership, and it is important that you know what they mean to your business! We can help!

Tax Preparation
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TAX PREPARATION FOR INDIVIDUALS AND SOLE PROPRIETORS

There are many situations that can be covered within an individual tax return, a few of which are listed below. It is important that you contact us if any of these apply to you, so that we can properly review your specific data and situation.

  • Rental Properties or Real Estate Investments

  • Sole Proprietorships – small businesses with one owner – also known as a “Schedule C” business

  • Self-Employment Taxes

  • Medical deductions

  • Child care expenses

  • Education Expenses

  • Home office deductions

  • Charitable giving

  • Married filing single, married filing joint, single and head of household distinctions

  • ​Taxation, preparation and planning

NEW BUSINESS SET UP

Are you thinking about starting your own business? What about a business that you’ve been running out of your home, and you want to protect your personal assets? Starting a new business?   We can explain the alphabet soup of LLC, S-Corp, PC, and others to help you choose the most appropriate form of business entity for your tax situation.   In addition, we can guide you through the administrative processes necessary to achieve a successful startup.

  • Choice of business entity

  • Tax identification number applications

  • Licensing applications

  • Banking, Merchant processing, and Credit needs

  • Develop office policies and procedures

  • Develop job descriptions

  • Select and set up accounting systems

  • ​Educate you in business owner matters (taxes, bookkeeping, operations, legal, banking, etc.)

We offer a custom package to help you get your business started off on the right foot! 

  • An in depth review of your situation, your goals, and your future growth projections & dreams to ensure we are choosing the right path for your future growth

  • A tax strategy package to ensure that you are using all the strategies available to new business owners (we need to keep that money in YOUR pocket!)

  • 45 min meetings with our Sr. Bookkeeping & Tax Strategists to ensure that you know what you are doing when you “go live”

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