SMALL BUSINESS TAX RETURNS
Stress Free Tax Preparation for Small Businesses
Managing your own business is stressful as is, on top of running your own company learning tax skills is just overwhelming. Our firm is here to assist you with your business returns. Our team consistently stays up to date as rules change and your company continues to grow. We like to create one on one relationships with our clients to fully understand their field of work. Bluefin CPA works behind really understanding the industries our clients work in to really grasp the best way to tackle the job.
Limited Liability Companies
(Form 1065)
Our speciality is small business taxes. Form 1065 and Schedule C is one of the most common types of filings. We understand your company’s business and accounting operations before preparing returns. This eliminates misunderstandings and limits potential errors.
Disregarded Entities - Schedule C
(Limited Liability Company)
What is a “Disregarded Entity”? If you're a Limited Liability Company with one member the IRS classifies you as a Schedule “C” filer. However you still remain a Limited Liability Company in full operation with protected privileges.
Annual Services:
Limited liability company
Bluefin CPA helps plan and prepare forms 1120 and related schedules for all LLC entities.
How to convert tax classification:
- Examples of other taxes that you could pay
- Payroll
- Self employment
- Income tax
- Sales tax
- Self employment tax
- Sole proprietorship or Partnership
- File SE-1040
- Quarterly file self employment tax and personal income tax
1099- Preparation
We offer 1099 service to insure your company is filing on time
K-1 Partnership
Prepare and review 1065’s
Prepare Profit and loss (P&L) for each member
Amended filings
Fix previously filed returns that have been marked by IRS.
Unfiled Returns
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What is Tax Planning?
Gathering and investigating all items that will be reported on your tax return, then analyzing them to find ways to reduce your liability. All sources of income are considered along with deductions to determine the least amount of legal tax to be paid.
The following source documents are included in our planning strategies.
From start to finish, our team works through each line item to provide a prompt and accurate tax return.
- Wages and salary
- W2’s
- Investment Income
- 1099-DIV
- 1099-INT
- 1099-B
- Retirement income
- SSA-1099
- 1099-R
- Schedule E
- Rental Income
- Self-employment income
- 1099-NEC
- 1099-K
- Business Income
- K-1
- Itemized Deductions
- Medical expenses
- Real estate taxes
- Mortgage interest
- Charitable contributions
- Education Expenses
- 1099-Q
- 1098-T
Benefits of working with a tax professional
Bluefin CPA takes pride in offering the best service. One of the best benefits of working with a specialist is the absence of stress. Our tax preparer works one-on-one with clients to tackle the tax season.
In addition to stress, we also help find ways to utilize credits and deductions to help save you some money. The agencies create these opportunities to try and reduce your tax liability. Especially after the pandemic, tax laws and regulations have been consistently changing. With these changes, our team keeps up to date by further educating themselves as the laws progressively change over time.
E-filing
Are you trying to find the best software to file a return? We got you covered. We now offer E-filing through our software programs. With just a click of a button, you know your return is getting to the right place, saving you the hassle of worrying if your return will get lost in transit and guaranteeing a much faster refund.
Taking Action
With deadlines coming up, are you feeling overwhelmed? Well, forget the hassle. Bluefin CPA is here to help. Our team offers virtual appointments via Calendly, or you are welcome to visit us at the office. At every step of the process, you are guided by a specialist to ensure the most accurate and reliable fillings. Once we receive an inquiry, we will promptly connect you with an associate as soon as possible.
Do you need tax advice year-round?
Individuals with complicated returns or high net worth must make estimated quarterly payments. We highly recommend working with an expert year-round to help prepare statements to limit the chances of any surprises when filing your tax return.