Complete Business Services
Everything your small business needs to stay compliant, profitable, and growing.
Business Tax Preparation
Complete tax preparation for all business entity types and structures.
Bookkeeping Services
Professional bookkeeping to keep your finances organized and compliant.
Payroll Processing
Complete payroll services ensuring accurate and timely employee payments.
Business Formation
Expert guidance on business entity selection and formation procedures.
Tax Planning & Strategy
Proactive tax planning to minimize your business tax liability.
Freelancer Specialization
Tailored services for independent contractors and gig economy workers.
Choose the Right Business Structure
Understanding different business structures and their tax implications to make the best choice for your situation.
Sole Proprietorship
Tax Form: Schedule C
Simplest business structure, reported on personal tax return
Pros
- Easy to set up
- Direct tax reporting
- Full control
Cons
- Personal liability
- Self-employment tax
- Limited growth options
LLC
Tax Form: 1065 or 1040
Flexible structure with liability protection
Pros
- Limited liability
- Tax flexibility
- Easy management
Cons
- State fees
- Self-employment tax
- Limited life in some states
S-Corporation
Tax Form: 1120S
Corporation with pass-through taxation
Pros
- Payroll tax savings
- Pass-through taxation
- Credibility
Cons
- Payroll requirements
- Strict rules
- State restrictions
C-Corporation
Tax Form: 1120
Traditional corporation with separate tax entity
Pros
- Limited liability
- Growth potential
- Tax benefits
Cons
- Double taxation
- Complex requirements
- Formal structure
Frequently Asked Questions
What business structure is best for my situation?
The best structure depends on your income level, growth plans, liability concerns, and tax situation. We provide comprehensive consultation to help you choose the most advantageous structure for your specific circumstances.
How often should I do bookkeeping for my small business?
Monthly bookkeeping is recommended for most small businesses. This ensures accurate financial tracking, timely tax payments, and better business decision-making. We can handle this for you or train you to do it yourself.
When do I need to start paying quarterly taxes?
If you expect to owe $1,000 or more in taxes, you should make quarterly estimated payments. We help calculate these payments and set up reminders to avoid penalties.
Can I deduct home office expenses as a freelancer?
Yes, if you use part of your home exclusively for business, you can deduct home office expenses. We help you choose between the simplified method ($5 per square foot) or actual expense method for maximum benefit.
What records should I keep for my business?
Keep all business receipts, bank statements, invoices, and financial records for at least 3-7 years. We recommend using cloud‑based accounting software for easy organization and backup.