Business Tax Returns
Annual federal and state business tax return preparation with all required schedules. We handle the forms and calculations so your business meets its filing obligations accurately.
The Requirement
Business tax returns are not the same as personal returns. The form you file depends on how your business is structured. Sole proprietors file Schedule C with their personal return. Partnerships file Form 1065. S corporations file Form 1120-S. C corporations file Form 1120. Each has its own rules and required schedules.
Texas adds another layer. While there is no state income tax for individuals, Texas does have a franchise tax that applies to most businesses. Even if you fall below the threshold and owe nothing, you still have to file an annual report with the Comptroller. Missing that filing creates problems.
Entity Forms
Entity Forms
We prepare returns for all common business structures. Whether you operate as a sole proprietor, partnership, LLC, S corporation, or C corporation, we handle the correct federal form and all the supporting schedules that go with it.
Texas Franchise Tax
Texas Franchise Tax
We prepare your Texas franchise tax report alongside your federal return. We calculate the margin, apply the correct rate for your industry, and file the report with the Comptroller so you stay compliant with state requirements.
The Stakes
Filing late or filing incorrectly carries real consequences. The IRS assesses penalties for late filing and late payment separately. Interest accrues on any balance due starting from the original due date. A few months of delay can turn a manageable tax bill into something much larger.
Business returns receive more scrutiny than personal returns. The IRS looks at revenue trends, expense ratios, and distributions to owners. Errors or missing information can trigger notices or examination. Accurate reporting from clean records is the best way to avoid those conversations.
Penalties Add Up
Penalties Add Up
The failure-to-file penalty is typically 5% of unpaid taxes per month, up to 25%. The failure-to-pay penalty adds another 0.5% per month. Combined with interest, a late return with a balance due becomes expensive quickly.
Records Matter
Records Matter
If the IRS questions something on your return, you need documentation to support it. Returns prepared from organized, reconciled books have a clear paper trail. Returns assembled from scattered records are harder to defend.
The Approach
We prepare your return from your financial records. If we handle your monthly bookkeeping, the data is already organized and ready to go. If you maintain your own books, we work from your QuickBooks file or other accounting software to pull together what we need.
We review the return with you before filing. You understand what you owe and why the numbers came out the way they did. We file electronically and provide copies for your records. If questions come up later in the year, we are available to help you respond.
Organized Preparation
Organized Preparation
We work through your financial records methodically. We verify income, review expenses for deductibility, and prepare every required schedule. The goal is an accurate return that reflects your actual business activity for the year.
Year-Round Support
Year-Round Support
Filing is not the end of the relationship. If the IRS or the state sends a notice, we help you understand it and respond appropriately. If you have questions about estimated payments or planning for next year, we are here to help.
Greater Houston's Small Business Bookkeeping Partner
The Next Step:
A Quick Conversation
Tell us about your business and what you need help with. We'll listen, ask a few questions, and give you a straightforward quote.