Small Business Tax Preparation

It depends on your business structure, income, deductions, and other factors. A sole proprietor earning $80,000 might pay $18,000-$22,000 in taxes. An S-Corp owner with the same income might pay only $10,000-$12,000 through proper structure and deduction optimization. We analyze your specific situation and show you exactly what you should pay. Many owners are surprised they have been overpaying significantly.

Each structure has different tax implications and liability protection. A sole proprietor is simplest but offers no liability protection and highest self-employment taxes. An LLC offers liability protection but may not reduce taxes. An S-Corp can save thousands in taxes through proper salary and distribution planning. We analyze your specific business and recommend the structure that minimizes taxes while protecting your personal assets.

Most business owners miss deductions including home office, vehicle mileage, equipment depreciation, professional development, software subscriptions, meals with clients, travel, and home office utilities. We conduct a comprehensive deduction analysis and identify every deduction you qualify for. Our clients typically find $2,000-$5,000 in missed deductions annually that reduce tax liability.

Ideally, quarterly. We review your income and expenses each quarter and make proactive recommendations for tax savings. This prevents surprises at year-end and allows us to adjust strategy based on how your year is progressing. Some clients benefit from more frequent consultations. We discuss the right frequency for your specific business needs.

Tax software is designed for simple tax situations. Business taxes are complex. Software cannot analyze whether your business structure is optimal. Software cannot identify missed deductions. Software cannot provide tax planning strategy. Software cannot represent you if audited. A CPA costs more than software but typically saves you more through deductions and tax planning than the fee costs. Most business owners find professional help is worth the investment.

We're proud to be LOCAL! Our office is right here in Ashburn, VA, serving businesses and individuals throughout Northern Virginia and Washington DC since 2011. You can meet with us in person if you prefer. We also offer remote/virtual consultations and secure file transfers for convenience. Whether you want face-to-face meetings or prefer working remotely, we're flexible. Many clients appreciate having a local CPA they can call and meet with when they need in-person advice.