At Leskun & Son Accounting, we know that partnering with an accounting services firm can offer a wide range of benefits, especially for small businesses and start-up companies. With the help of a firm, specializing in tax preparation, business consulting, and bookkeeping, you can get the services that are best tailored for your specific operations when you need them. All of our tax preparation services for small businesses are designed to help business meet their tax obligations, while also adhering to strict compliancy rules.
What are the differences between tax preparation and tax planning?
Small Business Tax Obligations
Small business taxes can be intimidating and some business owners might be confused about where to begin, but one thing is for sure: ignoring your taxes is not an option. Ignoring your taxes is not worth the late fees, fines, and possible jail time you might face for failing to file and pay your business income tax. Small business tax preparation is not as difficult as it might seem. Some of the basics to keep in mind when prepping your taxes include:
- Selecting your business structure (sole-proprietorship, partnership, corporation, Limited Liability Company, or corporation) will directly affect how you will prepare and file your taxes.
- Your business structure will also affect your tax structure and when you pay them.
- If you have employees, you will need to pay employment tax.
- Keep track of your business expenses, as the costs to operate your business might make you eligible for business expense deductions.
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Why Partner with an Accounting Firm for Tax Preparation
If you are feeling overwhelmed by the idea of preparing your own taxes, partnering with an accounting firm might be the right solution for you. Outsourcing your tax preparation needs to an accounting firm means having access to a team of expert accountants who will take a comprehensive look at your entire business operation with the primary focus on finding ways for your business to reduce debt and overhead in order to have more income.
Tax Preparation Services from Leskun & Son Accounting
At Leskun & Son Accounting, we offer tax preparation services that are designed to address the whole picture. We understand what it is like to run a small business, and from determining the business structure that is right for your business to filing your taxes, we are here to help.
If you would like to learn more about tax preparation services for small businesses, or if you are interested in one of our services, please contact Leskun & Son Accounting at 604-532-0061 or by filling out a contact form on our website. We are proud to offer various services in tax preparation, bookkeeping, and business consulting to businesses of all sizes.
