Business Taxation Assistance

Why Choose Our CPA Firm for business taxation assistance? 

When it comes to business taxation it is crucial that payroll processing is accurate and timely, financial statements are correct and taxes are done right the first time, every time. Small mistakes can lead to paying more in taxes and large problems down the road. If an accountant is not proactive, you may be missing out on important tax deductions and are not maximizing the profits you keep. Having a Jacksonville CPA provide your business with accounting and tax services will allow you to operate your business at ease, confident it’s fully compliant.

 

Our Business Services

 

Financial statement preparation and analysis

– Accountants are best positioned to give a birds-eye view of the financial condition of the entity and can help you become truly profitable. We bring to light for our business owners items such as:

  •    How is my gross sales and profit this time of year as compared to the same time of last year?
  •    What are some of the costs that may be reduced, eliminated, or modified?
  •    Given the current profit trend and forecast, what is my expected tax liability for this year and am I earning enough to meet that demand?
  •    What features may I utilize with my QuickBooks Online account?

Business tax preparation and compliance

– The business return is the final product of much planning data gathering, sorting, and discussion. Some returns are information, others may be tied into the personal tax filing while a third may have tax implications all its own. There is no need for you to make the decisions on your owner, that is why we have a combined industry experience that will guide you from inception all the way through to the final stages of the business cycle. We have the correct answers for you yet again:

  •    Should I start up my business as a corporation and LLC, or as a sole-proprietorship and which is best suited for my specific situation?
  •    My peers all have S corporation status for their business, I have been operating as an LLC for years, is it a good idea to convert?
  •    What are some of the tax advantages offered to small business owners and how to make the most of the tax deductions available to my specific environment?
  •    I am considering selling my business and the assets, what are the tax consequences associated with a potential sale?

Payroll tax consulting

– Many questions often arise when it comes to payroll and we are there to help answer them for you:

  •    How much will it cost to add an employee?
  •    What financial and tax obligations can I expect to see when starting payroll?
  •    Will my business need to file payroll in more than one state if I hire out-of-state?
  •    How do I add fringe benefits?

Sales tax guidance

– Sales tax compliance is quite complicated, ever more so than one may know, and without the right team by the business side, one may stand to lose a lot of hard-earned revenue simply by being unaware of the varying tax laws that govern the states. We will help shelter you through the storm by being there to clarify some of the following questions you certainly have asked yourself:

  •    Am I charging the correct sales tax rates on all my sales?
  •    Does my business need to register for sales tax in all the states we sell even if the sales are minor?
  •    What software can help us stay compliant with the states we have a business presence in?
  •    Are my services subject to sales taxes and are some of my purchases subject to use taxes?

 

BASIC
INTERMEDIATE
ADVANCED
Latest tax development communications organically written by our team and circulated by Freyman CPA
Emails explaining and reminding of critical due dates
Monthly bookkeeping maintenance in QuickBooks or QuickBooks Online
Year-end business and individual tax preparation (billed separately)
Automation of accounting processes with the use of the newest technology
Financial Statement Reporting – Profit and Loss
Financial Statement Reporting – Balance Sheet
Corporate, payroll and sales tax administration and compliance
CPA communication on an as-needed basis
Payroll Services – accurate tax payment submission, tax form filing; recording in QuickBooks
Payroll Services – employee payroll processing via Direct Deposit
Payroll Services – managing payroll to minimize taxes
Estimated tax projections and submission of payments
Representation
Assistance with miscellaneous third-party inquiries

  • Latest tax development communications
  • Emails explaining and reminding of critical due dates
  • Monthly bookkeeping maintenance in QuickBooks
  • Year-end business and individual tax filing preparation
  • Automation of accounting processes
  • Profit and loss reporting and analysis

  • Latest tax development communications
  • Emails explaining and reminding of critical due dates
  • Monthly bookkeeping maintenance in QuickBooks
  • Year-end business and individual tax filing preparation
  • Automation of accounting processes
  • Profit and loss reporting and analysis
  • Statement of financial position reporting and analysis
  • Payroll tax administration
  • Sales tax compliance
  • Consultations on an as-needed basis

  • Latest tax development communications
  • Emails explaining and reminding of critical due dates
  • Monthly bookkeeping maintenance in QuickBooks
  • Year-end business and individual tax filing preparation
  • Automation of accounting processes
  • Profit and loss reporting and analysis
  • Statement of financial position reporting and analysis
  • Payroll tax administration
  • Sales tax compliance
  • Consultations on an as-needed basis
  • Estimated tax projections
  • Submission of tax payments
  • Multi-state registration, management, and adherence
  • Assistance with miscellaneous third-party inquiries

 

ADVANCED

Latest tax development communications organically written by our team and circulated by Freyman CPA

Emails explaining and reminding of critical due dates

Monthly bookkeeping maintenance in QuickBooks or QuickBooks Online

Year-end business and individual tax preparation (billed separately)

Automation of accounting processes with the use of the newest technology

Financial Statement Reporting – Profit and Loss

Financial Statement Reporting – Balance Sheet

Corporate, payroll and sales tax administration and compliance

CPA communication on an as-needed basis

Payroll Services – accurate tax payment submission, tax form filing; recording in QuickBooks

Payroll Services – employee payroll processing via Direct Deposit

Payroll Services – managing payroll to minimize taxes

Estimated tax projections and submission of payments

Representation

Assistance with miscellaneous third-party inquiries

INTERMEDIATE

Latest tax development communications organically written by our team and circulated by Freyman CPA

Emails explaining and reminding of critical due dates

Monthly bookkeeping maintenance in QuickBooks or QuickBooks Online

Year-end business and individual tax preparation (billed separately)

Automation of accounting processes with the use of the newest technology

Financial Statement Reporting – Profit and Loss

Financial Statement Reporting – Balance Sheet

Corporate, payroll and sales tax administration and compliance

CPA communication on an as-needed basis

Payroll Services – accurate tax payment submission, tax form filing; recording in QuickBooks

BASIC

Latest tax development communications organically written by our team and circulated by Freyman CPA

Emails explaining and reminding of critical due dates

Monthly bookkeeping maintenance in QuickBooks or QuickBooks Online

Year-end business and individual tax preparation (billed separately)

Automation of accounting processes with the use of the newest technology

Financial Statement Reporting – Profit and Loss

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