Tax Returns for Small Business
Preparing and filing Tax Returns for Small Business and their owners is a primary service of Oak Hill Bookkeeping & Tax Services. As CPAs, we have extensive experience preparing all types of tax returns. See About Us.
Our tax preparation services are for small businesses and owners when we are handling their bookkeeping. We DO NOT handle preparation of tax returns for individuals only.
Tax Returns for Small Business
Owning a business unfortunately comes with the requirement of having to prepare and file additional tax returns beyond those required by an individual tax payer. Nearly all small businesses operate under a separate legal entity, such as an LLC – the business related tax returns would be filed under this business name.
In the State of New Jersey, virtually all business are required to collect Sales and/or Use Taxes, and file online a monthly (ST-51) and quarterly (ST-50) tax return and pay-in to the State of NJ those taxes collected via an electronic payment.
If your business has employees, then you have federal and state withholdings for which you must file form 941 and deposit those employee tax withholdings along with your employer share of FICA and Medicare taxes.
As small business owner ourselves, we have prepared and filed all the above tax returns for small business hundreds of times. Contact us for a Free Consultation on our bookkeeping services and related preparation of tax returns for small business. The best way to Contact Us – send an email to [email protected] or call/text to 973-640-0812.
Our Tax Return Program
We use Intuit ProSeries desktop tax software for all our Tax Return Preparation. Intuit is also the publisher of the well known consumer Turbo Tax software and also QuickBooks, the most widely used bookkeeping software for small business. We have used Intuit ProSeries tax software for 20+ years for the preparation of hundreds of tax returns.
ProSeries tax software includes every possible type of federal tax return, supporting forms and schedules, and state tax return forms and schedules for all 50 states. This means we can handle any type of tax return preparation you throw at us. It also means its quite expensive to purchase each year – it is meant for tax preparation professionals.
ProSeries, despite its comprehensive nature, is a user friendly tax software to use, as long as the user is familiar with tax return preparation. For you, this means we can prepare your tax return(s) swiftly and efficiently, and thus at a lower cost than a tax preparer using a less efficient tax approach or software.