Business Tax Preparation
The tax professionals at Beverly Hills Bookkeeping prepare tax returns for businesses of all types, sizes, and entity structures, with clients ranging from Sole Proprietorships, Partnerships, and S-Corporations to LLCs and Corporations. Our services are guaranteed to keep your business fully tax compliant through the accurate and timely submission of all required local, state, federal, and international tax documents.
The following is a summary of our business tax preparation services:
The tax experts at Beverly Hills Bookkeeping will prepare the required IRS Form 1040, Schedule C to report your business income on your personal tax return. As with all business returns, our accountants and bookkeepers will ensure that your business makes use of all of the tax saving strategies available for this specific business entity.
The experienced accountants and bookkeepers at Beverly Hills Bookkeeping will prepare and file all of the various tax documents required of business Partnerships. Services include the issuing of a Schedule K-1 to each partner and the filing of IRS Form 1065 with the partner’s individual tax return to report any credits or deductions applied toward the operation of the business.
Although an S-Corporation is not required to pay corporate income taxes, it must file a corporate income tax return using IRS Form 1120S. The tax professionals at Beverly Hills Bookkeeping will ensure the timely and accurate filing of this tax document in addition to issuing each shareholder a Schedule K-1 showing their share of the profits or losses of the business. As with Sole Proprietorships and Partnerships, our tax experts will also ensure that any profits, losses, and compensation from the business are accurately reported on the personal income tax returns of the shareholders.
Limited Liability Corporations
The tax experts at Beverly Hills Bookkeeping will issue a Schedule K-1 to each member of multiple-member LLC and will prepare and submit the required IRS Form 1065 to report the profits or losses of the business. For a single member LLC, our tax professionals will prepare Schedule C of the LLC member’s personal income tax return.
The licensed professionals at Beverly Hills Bookkeeping will file a corporate tax return on IRS Form 1120 for each Corporation that enlists their services. Unlike the other business entities discussed above, corporate profits are taxed directly rather than passing through to be claimed on the personal tax returns of the business owners.