Tax services for small businesses
With paradigm shifts in the diversification of tax laws, preparing tax returns can be a tedious task at hand. Despite the hurdles, Meru Accounting provides the best tax services to all sizes of business. Hiring an outsourced accounting team can prove to be beneficial, as you will remain in constant assistance with the team of experts preparing your tax returns.
Many small-sized businesses struggle with the issues of time restrictions with the CPAs and tax preparers during the tax season and are unable to utilize the services during the off-season. Our CPAs and a team of experts provide several services that take off the load due to their improved efficiency and qualifications.
As the service provider of Meru Accounting, we provide you with insights into several services:
Choosing the most accurate tax form for your firm: Most small businesses are required for any business, be it a partnership, corporation, S corporation, or limited liability company (LLC). This requires packages of forms like:
- Individual: Form 1040, Form 1040A and Form 1040EZ
- Partnership: Form No. 1065 and K-1
- Corporation: Form 1120, Form 1120A and Form 1120S (for statutory corporations)
- Other tax services include all the federal and state tax returns that fit your firm
Preparing Records: Gathering your documents and important records required for filing the tax return as such:
- 1. Taxpayer Identification Number
- 2. Income Statement
- 3. Balance Sheet Receipts
- 4. Bank and Credit Card Statements
- 5. Payroll Records
- 6. Checking the previous year’s tax return
- 7. Estimated Payments
Search for Tax Deductions and Credits:
- Business Mileage
- Home/office education
- Travel Deduction
- Small Employer Health Insurance tax credit
- Disabled Access Credit
- Charitable Contribution Deduction
Other services that every small business will have to undergo are determining if a filing extension is required, paying tax liability, deducting estimated tax payments, etc.
Our Tax Preparation Processes:
Remotely Accessing Client’s tax software through secure and encrypted link
Analyzing the scanned documents, we provide a standard format to upload the relevant data either in the forms of PDF files, MDI, or fax messenger. After acquiring the information, our team updates it as per the choice of software, whether through email or cloud-based software.
Entry of Tax Return and Auditing
The information entered is verified to make sure it is entered correctly and is accounted for.
- Reviewing to eliminate the errors and streamlining the work by making all the required modifications as per the Submitting the final copy to the tax return client: Once the firm reviews and finalizes the tax return we update the tax file and send it before the deadline.
With years of experience and a team of qualified CPAs, we deliver hands-on experience and expertise with various tax and accounting services, including tax preparation, payroll processing, managing income and expenses, and streamlining with many top tax preparation software like ProSeries Tax Solution, GoSystem Tax Solution, Thomson Reuters Tax Solutions, etc.
We charge only $15 per hour, conduct monthly meetings with the CPAs, and have a faster turnabout within 24 hours max. With our qualified accountants and improved speed, we ensure that our work is process-driven and error-free.
