Tax preparation for your small business is time consuming and overwhelming, and unless you’re highly familiar with the tax code, you may be missing valuable deductions. Many small business owners prefer to work with a qualified CPA to make sure their return is accurate, on time, and they are receiving all the credits and deductions they qualify for. If you’re planning on working with a small business accountant in Raleigh for your taxes, we’re sharing what documents and information you need to share in order to get an accurate, error-free return.
If you have a “pass-through” business, such as a sole proprietorship or limited liability corporation (LLC), you’ll also need to provide your personal financial information for your tax returns. This includes:
No matter what kind of business entity you have, including a corporation, you’ll need to provide the following documentation:
Please note that you may not receive formal documentation for all of the deductible items or expenses mentioned above or for other special circumstances related to your filing status. In those cases, it’s important to still note down dates, amounts, and other pertinent information for your accountant to review. If necessary, our office can also provide you with a preliminary organizer to help get your paperwork in order prior to your appointment.
If you would like to work with an experienced team of small business accountants who can provide you with an accurate, timely tax return while minimizing your tax liability, we can help. Gather your documents, and reach out to our CPAs in Raleigh today to set up a consultation by calling us at 919-420-0092 or fill out our contact form.