S-corporation filings (Form 1120-S)
The most common entity in our practice. We prepare the 1120-S, calculate reasonable owner compensation, track shareholder basis, and produce the K-1s that flow to each owner's personal return.
Partnership filings (Form 1065)
Multi-member LLCs default to partnership taxation unless they've elected otherwise. We prepare the 1065 and all partner K-1s, handle special allocations, and track partner capital accounts.
C-corporation filings (Form 1120)
C-corps pay their own federal tax at 21%, plus state corporate tax where applicable. Less common in small business, but relevant for specific situations including venture-backed startups and businesses planning to retain significant earnings.
Multi-state filings
Any entity with a nexus in more than one state files composite returns, state-specific returns, or both. We coordinate the state filings with the federal and handle apportionment.
Common questions
- When is the S-corp or partnership return due?
- March 15 for calendar-year filers. Extensions are available with Form 7004 to September 15.
- What's a reasonable salary for an S-corp owner?
- The IRS expects S-corp owner-employees to be paid what a comparable employee would earn for the same work. Paying too little is the most common S-corp audit trigger.
- Can you take over from another accountant mid-year?
- Yes. We do onboarding transitions regularly. We need a copy of the prior year return and current-year books; the rest we rebuild from source documents.
Related
Sales Tax Planning
Florida sales tax registration and multi-state nexus filings. We keep you current with DR-15 and equivalent forms.
Business Tax Planning
S-corp reasonable salary analysis, entity elections, retirement plan structuring, and Section 179 planning for small business owners.
Monthly Bookkeeping
Monthly, quarterly, and annual bookkeeping with a detailed report and balance sheet. QuickBooks-ready files.