Whether you're operating a new business, managing an established company, or combining business income with other sources of income, we can help organize your tax information and prepare applicable returns based on your business structure and circumstances.
Professional Small Business Tax Preparation
Every business is different.
Your filing requirements can depend on factors such as:
- Business structure
- Ownership
- Type of business activity
- Revenue
- Expenses
- Employees or contractors
- Assets and equipment
- Accounting records
- Other applicable circumstances
Our business tax preparation services may assist qualifying:
- Sole proprietors
- Single-member LLCs
- Multi-member LLCs
- Partnerships
- S corporations
- Corporations
- Independent professionals
- Self-employed business owners
- Home-based businesses
- Service businesses
- Other qualifying small businesses
Different business structures may have different federal filing requirements.
Sole Proprietor Tax Preparation
Many small businesses begin as sole proprietorships.
A sole proprietor may receive business income through:
- 1099 forms
- Checks
- Cash
- Electronic transfers
- Credit-card payments
- Payment applications
- Online platforms
- Direct customer payments
- Other payment methods
Maintaining complete records is important even when income is not reported to you on a particular 1099 form.
Potentially relevant business records may include:
- Gross receipts
- Advertising
- Supplies
- Equipment
- Business insurance
- Professional fees
- Software
- Qualifying mileage or vehicle records
- Other applicable business expenses
- Schedule Your Business Tax Appointment
- LLC Tax Preparation in Orlando
A limited liability company, or LLC, is a legal business structure. Its federal tax treatment can depend on ownership and applicable tax elections.
For example, an LLC may potentially be treated for federal income tax purposes as a:
- Disregarded entity
- Partnership
- S corporation
- Corporation
The letters “LLC” alone do not determine which federal tax return must be filed.
Before preparing an LLC-related return, it is important to understand the business's ownership and applicable federal tax classification.
We assist qualifying LLC owners with tax preparation based on their actual entity circumstances.
Single-Member LLC Tax Preparation
A single-member LLC may have different filing requirements depending on its federal tax classification and applicable elections.
Business owners should maintain organized records involving:
- Business income
- Operating expenses
- Equipment
- Advertising
- Business insurance
- Professional fees
- Software
- Supplies
- Other applicable transactions
Business and personal transactions should be kept separate whenever possible.
Multi-Member LLC Tax Preparation
An LLC with multiple owners may have different tax filing requirements from a single-member LLC.
Depending on its federal tax classification and elections, additional business return and owner-reporting considerations may apply.
Maintain records involving:
- Business revenue
- Expenses
- Ownership information
- Contributions
- Distributions
- Assets
- Other applicable business activity
The appropriate filing treatment depends on the entity's circumstances.
Partnership Tax Preparation
Partnership tax preparation can involve both the business and its owners.
Relevant information may include:
- Partnership revenue
- Business expenses
- Ownership percentages
- Partner information
- Contributions
- Distributions
- Assets
- Other applicable transactions
Accurate accounting and ownership records are particularly important for partnership tax preparation.
S Corporation Tax Preparation
Businesses taxed as S corporations can have filing requirements different from sole proprietorships and other business structures.
Potentially relevant documentation may include:
- Income statements
- Balance-sheet information when applicable
- Payroll information
- Officer or shareholder information
- Business expenses
- Asset purchases
- Shareholder contributions
- Distributions
- Prior-year business tax returns
- Other applicable records
An S corporation should maintain business records separately from the personal transactions of its shareholders.
Corporation Tax Preparation
We provide tax preparation for qualifying corporations based on the entity's filing requirements and available documentation.
Corporate tax preparation may require records involving:
- Gross revenue
- Cost information when applicable
- Operating expenses
- Payroll
- Assets
- Equipment
- Business insurance
- Professional services
- Shareholder information
- Other applicable corporate activity
The required return and supporting information depend on the corporation's structure and circumstances.
Tax Preparation for New Businesses
Starting a business can create new tax and recordkeeping responsibilities.
New business owners should pay attention to:
- Business structure
- Business income
- Startup-related records
- Operating expenses
- Equipment purchases
- Business bank records
- Payment-processing statements
- Contractor records when applicable
- Payroll records when applicable
- Other applicable documentation
Setting up good recordkeeping practices early can make future tax preparation considerably easier.
Tax Preparation for Established Small Businesses
Established businesses may have considerably more activity than new businesses.
Depending on the company, preparation may involve:
- Multiple revenue sources
- Significant operating expenses
- Employees
- Independent contractors
- Equipment
- Business vehicles
- Multiple owners
- Loans
- Assets
- Property
- Other business activity
Accurate financial records are essential for efficient business tax preparation.
1099 & Independent Contractor Businesses
Some independent contractors operate as formal businesses, while others operate as sole proprietors.
We assist qualifying:
- Consultants
- Freelancers
- Real estate professionals
- Insurance professionals
- Construction contractors
- Transportation professionals
- Cleaning businesses
- Landscaping businesses
- Maintenance businesses
- Home-service providers
- Other independent businesses
Service Business Tax Preparation
Service businesses can have different expense structures from businesses that primarily sell physical products.
We assist qualifying businesses such as:
- Cleaning companies
- Landscaping companies
- Consulting businesses
- Marketing businesses
- Maintenance companies
- Transportation businesses
- Professional-service businesses
- Home-service companies
- Other service businesses
Maintain detailed records of customer payments and applicable operating expenses.
Home-Based Business Tax Preparation
Many small-business owners operate partly or entirely from home.
Examples may include:
- Consultants
- Freelancers
- Online businesses
- Administrative services
- Marketing companies
- Professional services
- Tutors
- Other qualifying businesses
Operating a business from home does not automatically make household expenses deductible.
Eligibility for home-office treatment depends on applicable tax requirements and individual circumstances.
Business Income
Business income may be received in many forms.
Depending on your operation, revenue may come through:
- Cash
- Checks
- Credit cards
- Bank transfers
- Payment applications
- Online marketplaces
- Third-party platforms
- 1099 forms
- Direct customer payments
- Other payment methods
Business owners should maintain records of applicable business income regardless of payment method.
Business Expenses
Businesses generally incur expenses while operating.
Depending on the nature of the business and applicable tax rules, potentially relevant expenses may include:
- Advertising and marketing
- Business insurance
- Office supplies
- Equipment
- Materials
- Software
- Professional services
- Rent
- Utilities
- Certain travel expenses
- Qualifying vehicle expenses
- Other ordinary and necessary business expenses
Paying for something through a business account does not automatically make it deductible.
The tax treatment of an expense depends on its nature, business purpose, documentation, and applicable tax rules.
Equipment & Business Assets
Purchasing computers, machinery, tools, furniture, vehicles, or other business assets may create additional tax considerations.
Maintain documentation showing:
- Purchase date
- Purchase price
- Description of the asset
- Business use
- Financing information when applicable
- Other relevant details
Tax treatment can vary depending on the asset and circumstances.
Business Vehicle & Mileage Records
If a vehicle is used for business activity, maintain detailed records.
Relevant information may include:
- Business mileage
- Total mileage
- Dates
- Business purpose
- Applicable tolls
- Applicable parking
- Vehicle expenses when relevant
The appropriate tax treatment depends on vehicle use, available documentation, and applicable tax rules.
Employees & Payroll Records
Businesses with employees should maintain applicable payroll documentation.
This may include:
- Wage information
- Payroll reports
- Payroll tax records
- Employee tax forms
- Other employment-related documentation
Payroll tax compliance and payroll services can involve requirements separate from annual income tax preparation.
Independent Contractors
Businesses that pay independent contractors should maintain records of applicable payments and contractor information.
Whether a worker is properly treated as an employee or independent contractor depends on applicable rules and the facts of the working relationship.
Business owners should not choose worker classification solely based on which option appears less expensive.
Business Recordkeeping
Strong business tax preparation starts with organized records.
Business owners should maintain applicable:
- Bank statements
- Credit-card statements
- Payment processor reports
- Income records
- Expense records
- Receipts
- Invoices
- Payroll reports
- Contractor information
- Equipment records
- Mileage logs
- Loan documentation
- Prior-year tax returns
- Formation and tax-election documents when relevant
Keeping personal and business finances separate can significantly improve record organization.
Business Bookkeeping & Tax Preparation
Accurate bookkeeping can make business tax preparation more efficient.
Before tax preparation, your records should ideally provide a clear picture of:
- Total revenue
- Major expense categories
- Assets purchased
- Owner transactions
- Payroll when applicable
- Contractor payments when applicable
- Other material business activity
If bookkeeping records are incomplete, additional organization may be required before a business return can be prepared.
Business Owners With Multiple Companies
Some entrepreneurs own more than one business.
Each entity should maintain separate records when appropriate.
Documentation may include:
- Income by business
- Expenses by business
- Separate bank records
- Ownership information
- Entity documentation
- Prior-year returns
- Other applicable records
Owning several businesses may result in multiple filing requirements depending on how each business is structured.
Business Owners With W-2 Income
Business ownership does not necessarily mean your only income comes from the business.
Common combinations include:
- W-2 employment + sole proprietorship
- W-2 employment + LLC activity
- W-2 employment + 1099 income
- W-2 employment + S corporation ownership
- Business income + rental income
- Multiple businesses + other income
Bring documentation for all applicable income sources.
Business Owners With Rental Property
Some business owners also own investment or rental property.
Rental-property activity should be documented separately from unrelated operating-business activity whenever appropriate.
Maintain records for each applicable property involving:
- Rental income
- Repairs
- Maintenance
- Management expenses
- Insurance
- Improvements
- Property acquisition information
- Prior depreciation information
Prior-Year Business Tax Returns
Have a business return from an earlier year that still needs attention?
Prior-year business tax preparation may be available depending on:
- Tax year
- Entity structure
- Available records
- Prior filings
- Other circumstances
Bring all available business documentation for the applicable year.
Amended Business Tax Returns
If information on a previously filed business return was missing or incorrect, an amended or corrected filing may be appropriate depending on the entity and circumstances.
Additional review may be required to determine the appropriate filing process.
What Documents Do I Need for Business Tax Preparation?
Requirements depend on your business structure and activity.
Common documentation may include:
- Business Information
- Legal business name
- Employer Identification Number when applicable
- Business address
- Entity information
- Ownership information
- Applicable formation or tax-election documents
- Prior-year business tax return
- Income Records
- Profit and loss statement
- Sales or revenue records
- 1099 forms
- Payment processor statements
- Bank deposit records
- Other applicable income records
- Expense Records
- Advertising
- Insurance
- Rent
- Utilities
- Supplies
- Materials
- Software
- Professional fees
- Equipment
- Other applicable expenses
- Payroll & Contractor Information
When applicable:
- Payroll reports
- Employee wage information
- Payroll tax records
- Contractor payment records
- Applicable employee or contractor tax documents
- Asset Information
When applicable:
- Equipment purchases
- Vehicle purchases
- Machinery
- Furniture
- Computers
- Prior depreciation schedules
- Other applicable asset documentation
- Ownership Information
Depending on the entity:
- Owner names
- Ownership percentages
- Contributions
- Distributions
- Shareholder information
- Partner information
- Other applicable ownership records
How Business Tax Preparation Works
Schedule a Business Tax Appointment
Tell us what type of business you operate and the tax year you need prepared.
Gather Your Business Records
Collect your income, expense, entity, payroll, asset, and ownership documentation as applicable.
Provide Your Documents Securely
Business tax records can contain confidential financial and identifying information. Use the secure document process provided for sensitive records.
Organize & Review the Information
Your business records are reviewed to determine what information is available and whether additional documentation may be needed.
Prepare the Applicable Return
The return is prepared based on your business structure, documentation, and applicable tax requirements.
Review & Complete the Filing Process
After applicable review and authorization requirements are completed, the return can proceed through the appropriate filing process.
Why Choose Us for Business Tax Preparation?
Small-Business Focus
We understand that small-business owners may have income, expense, recordkeeping, and entity considerations beyond those of a traditional W-2 taxpayer.
Multiple Business Structures
We assist qualifying sole proprietors, LLC owners, partnerships, S corporations, corporations, and other small businesses.
Self-Employed Experience
We work with qualifying independent contractors and entrepreneurs across many service industries.
Organized Process
We emphasize complete documentation and organized records.
Individual Attention
Business tax preparation should reflect the company's actual structure and activity.
Central Florida Service
We serve qualifying business owners throughout Orlando and surrounding Central Florida communities.
Business Tax Preparation Throughout Central Florida
We serve qualifying businesses and entrepreneurs throughout:
- Orlando
- Kissimmee
- Winter Park
- Winter Garden
- Ocoee
- Apopka
- Altamonte Springs
- Sanford
- Lake Mary
- Maitland
- Oviedo
- Clermont
- Davenport
- Celebration
- St. Cloud
- Lake Nona
- Dr. Phillips
- Windermere
- Horizon West
- Deltona
- DeLand
- And surrounding Central Florida communities
Visit our Areas We Serve page for additional locations.
Frequently Asked Questions About Business Tax Preparation
Do you prepare taxes for LLCs?
We can assist qualifying LLC owners. The applicable federal filing requirements depend on ownership, tax classification, elections, and other circumstances.
Does an LLC automatically file a separate business tax return?
Not necessarily. An LLC's federal tax treatment depends on its ownership and applicable tax elections. The LLC designation alone does not determine the federal return required.
Do you prepare taxes for sole proprietors?
Yes. We can assist qualifying sole proprietors and self-employed business owners.
Do you prepare partnership tax returns?
We can assist qualifying partnerships depending on the entity's circumstances and available documentation.
Do you prepare S corporation tax returns?
We can assist qualifying S corporations based on their filing requirements and available records.
Do you prepare corporation tax returns?
We provide tax preparation for qualifying corporations depending on the entity's circumstances and filing requirements.
Can you prepare taxes for a new business?
Yes, depending on the business structure and filing requirements. Bring applicable formation, tax, income, and expense records.
What if my bookkeeping isn't finished?
Complete and organized bookkeeping is important for business tax preparation. If records are incomplete, additional organization or bookkeeping work may be necessary before the return can be prepared.
Can you prepare taxes if I own more than one business?
We can assist with qualifying situations involving multiple businesses. Filing requirements depend on how each business is structured.
Do you handle prior-year business returns?
Prior-year business tax preparation may be available depending on the year, entity, records, and circumstances.
Schedule Your Business Tax Preparation Appointment
Whether you're a sole proprietor, independent professional, LLC owner, partner, S corporation shareholder, corporation owner, or small-business operator, professional preparation starts with organized financial records.
Gather your business documents and take the next step.