Rolesville Small Business Tax Preparation

When it comes to small business taxes, you have two goals. First, you want to make sure you’re reporting everything accurately and paying the correct amount so you don’t get penalized. Second, you want to take advantage of your deductions and pay as little as possible.

In order to achieve those goals, having a thorough knowledge of the state and federal tax codes, along with the experience to apply specific codes to your unique situations is necessary. Even with commonly used tax software, it’s easy to make mistakes and miss out on deductions when you prepare your own taxes.

Experienced Tax Preparation for Rolesville Businesses

Rolesville business tax preparation At C.E. Thorn, CPA, PLLC, we offer tax preparation and small business accounting services to Rolesville businesses. Led by Carson Thorn, our experienced team of CPAs can help you cut back on the time and stress involved in taxes while making sure you pay as little as possible using ethical tax practices. We offer customized solutions that not only involve preparing your taxes, we can walk you through the process to address any questions and explain any concerns you might have.

Small Business Tax Preparation Checklist

To help you with your return and minimize your owed amount, you’ll want to have as much documentation as possible regarding the following deductions:

  • Home office deduction
  • Keogh plan
  • SIMPLE plan
  • SEP
  • 401(k) plan
  • First year expenses of business equipment
  • Bonus depreciation
  • Year-end bonuses
  • Bad debt write-off
  • Disabled access credit
  • Other business tax credits
  • Tax-free exchange

Individual Tax Preparation Services

If you have a sole proprietorship, LLC, or simply want to turn over both your business and personal tax preparation needs to an experienced accountant, we can help. We can consider your income from your small business and maximize your personal deductions and help you get the largest return possible.

Individual Tax Preparation Checklist

  • Roth IRA
  • Rollover to Roth IRA
  • Tax-deductible IRA
  • Child tax credit
  • Income shifting to children
  • Child care credit
  • Earned income credit
  • Lifetime gifts
  • Education savings accounts
  • Education expenses
  • Hope scholarship credit
  • Lifetime learning credit
  • Bunching deductions
  • Flexible spending accounts
  • Health savings account
  • Donating appreciated assets instead of cash
  • Qualifying property for personal residence gain exclusion
  • Wisest filing status
  • Shifting income or deductions from year to year
  • Adoption expense credit

Investor tax preparation checklist:

  • Tax-free municipal bonds
  • Long-term capital gains and dividends
  • Rental property
  • Tax-free exchange
  • Low-income housing credit
  • Small business stock rollover

Contact Us to For Tax Preparation Services in Rolesville

We’ve worked with business owners for over three decades, providing comprehensive tax preparation and accounting services. We take pride in helping hundreds of clients each year find deductions and tax breaks and reduce their payment. To learn more about our services, give us a call at 919-420-0092 or fill out our contact form today!

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