As a small business owner, it is too easy to overlook deductions and credits to which you are entitled if you prepare only one return a year. Even the use of computer software is no substitute for the assistance of a seasoned local tax preparer who is experienced in small business taxes. Today’s tax laws are so complicated that unless your financial affairs are extremely simple, chances are you will benefit from at least occasional help from a Raleigh tax preparation professional.
We are a certified public accounting (CPA) firm located in Raleigh and we prepare hundreds of tax returns every year for local sole proprietors, LLCs, and other businesses. We know what to look for when your tax return is prepared. More importantly, you will have someone to answer your tax and accounting questions during the rest of the year.
As a business owner, there should be a multitude of tax credits and deductions you’re eligible for. Business owners who have a sole proprietorship or LLC can combine your business and personal tax returns into one document as the business and individual are not separate in these cases. Here, we can help you identify personal tax credits and cuts you can make.
Identify the tax-savers for which you qualify. Here’s a tax-cutting checklist to get you started. Check the list to see if there are tax breaks that you are overlooking as you prepare your taxes.
The tax law allows certain deductions and cuts for business owners. Make sure you aren’t paying more than mandated by working with a certified tax professional.