As a small business owner, DIY accounting and tax preparation for businesses can have many pitfalls. Even the most commonly used computer software or other accounting platforms may not substitute the services of a seasoned local CPA. Our CPA firm works with Holly Springs business owners to provide small business tax preparation services that will maximize your tax benefits.
For over 30 years our CPA firm has prepared tax returns every year for hundreds of local businesses. We provide monthly accounting services for our clients, which lays the foundation for tax preparation.
Small Business Tax Preparation Services for Holly Springs Business Owners
To provide a consistent relationship with our small business owners, C.E. Thorn, CPA, PLLC offers small business tax preparation services for monthly business accounting clients in the Holly Springs area. In addition, we proudly offer personal tax preparation services to business owners who work with our CPA firm on an ongoing basis.
Enlisting a qualified small business CPA for tax preparation helps navigate the ever-changing complexities of tax laws, deductions, and credits.
Tax Preparation FAQs
How can I be sure to choose the right tax preparer?
Choosing the right tax preparer is a complex decision that involves determining whether your needs match your CPA’s offerings. If your business is in Holly Springs, NC our firm offers accounting and bookkeeping services for small businesses. Before you choose any CPA, we encourage you to research and read reviews so you can ensure your goals align with the CPAs services.
Are tax preparation fees tax deductible?
Small business tax preparation fees may be tax deductible business expense, but they are not a personal tax deduction. It’s important to know that you may not be able to deduct the entire cost of the tax preparation fees either. Rather, you can only claim the amount of the fee that was accrued by preparing the business portion of your taxes. Rest assured, your accountant will make sure this protocol is followed come tax season.
Should I pay someone to prepare my taxes?
Since many businesses miss opportunities for tax deductions each year, C.E. Thorn, CPA, PLLC recommends working with a Holly Springs CPA who will prepare your taxes and see that you get the most out of your tax return. In addition, a trusted CPA will charge a fair price to identify errors on your tax return and keep you informed of new and updated tax laws.
If you are a business owner in Holly Springs, NC, we encourage you to reach out to C.E. Thorn, CPA, PLLC at 919-420-0092 to have your small business tax preparation taken care of.
Frequently Asked Tax Preparation Questions
How to select your tax preparer?
A tax preparer is someone who helps you prepare your tax return. While you have the option to do your own taxes, a professional tax preparer can help you maximize your deductions and get the best refund possible. So if you’re looking for a CPA in Holly Springs, North Carolina to fulfill your accounting and tax preparation needs, you may want to outsource to one CPA firm that can do both.
Are tax preparation fees deductible?
If you are looking for possible deduction on your tax return, tax preparation fees are a possible deductible business expense but are not a personal tax deduction.
Is it worth paying for tax preparation?
Filing taxes can be complicated and confusing, which is why many individuals choose to pay for professional tax preparation services. But is the investment worth it? The true answer depends on your individual tax situation. If you have a simple tax return, you may be able to save money by doing your taxes yourself. However, if you have a more complicated tax situation, it may be worth paying for professional help. A tax preparer in Holly Springs, North Carolina can ensure that you take advantage of all the deductions and tax credits you’re entitled to, and they can also help to identify potential problems that could trigger an audit.
Contact Us Today for Tax Preparation Services in Holly Springs
Call us today at 919-420-0092 or fill out the form below for more information.