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Tax Preparation Services

Business Tax Returns

Small business tax return preparation and filing instructions is a core service offered to our clients. Whether your company is a C corporation, S Corp, Limited Liability Company, Partnership or Sole Proprietor a properly prepared tax return can be filed to minimize the tax owed. Over the years, 100's of small business Federal and State tax returns have been prepared for both service and manufacturing company clients.

Business Tax Return (1120,1120S)
Partnerships
Corporations
LLC, Estates, and Trusts
Non-profit

Individuals Tax Returns

A core specialty is the preparation of tax returns for individual taxpayers. Over the years literally 1000's of Federal and State returns have been prepared and filed.

Individual Tax Preparation Services
Individual Tax Preparation for All 50 States
Schedule C
Self Employment Income
Rental Income & Losses
Capital Gains
Tax Planning
IRS Electronic Filing

Tax Representation

When a tax audit case involves an operating business, an aggressive IRS Collections action (such as a bank or wage levy) or a complicated tax situation that needs extra attention, we recommend that clients find a JDTax Solutions CPA for assistance. Tax representation is also useful if a taxpayer does not have the time or desire to speak with the IRS on their own.

If you have received a notice from the IRS or have to file prior year taxes, contact JD Tax Solutions CPA at 408/784-7754 for help.

Here's what we can do for you

E.D.D
IRS Liens
IRS Seizures
State Tax Debt
IRS Payment Plan
941 Business Tax
Back Taxes Owed
Payroll Tax Problems
IRS Wage Gamishment
Offer in Compromise
Innocent Spouse Relief
Get Your IRS Files
Offer in Compromise
Non-Filed Tax Returns
IRS Audit Representation
IRS Penalties and Interest
Stop IRS Notices

Tax Planning

Tax planning and tax forecasting services for individual and small business clients is a core competency of the firm. Effective tax minimization begins with long-term tax strategizing to establish overall objectives and is maintained with conscientious and consistent annual tax forecasting and mid-year tax planning.

Business Tax Planning
Multi State Tax Planning
Tax Credit Planning
Estate Planning
Installment Plans
Business Startup

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that help you...

grow and preserve assets by keeping Uncle Sam out of your pockets.

defer income so you can keep your money now and pay less taxes later.

reduce taxes on your income so you keep more of what you make.

reduce taxes on your estate so your family keeps more of what you've made.

reduce taxes on your gifts so you can give more.

reduce taxes on your investments so you can grow your wealth faster.

reduce taxes on your retirement distributions so you can retire in style.


Here's just a few of the Tax Saving Strategies we use...

Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.

Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.

Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.

Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.

Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

 


Accounting Services

New Business

Business Entity Selection

Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, non profit, limited liability Company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

We work with you to setup your business & form your corporation or LLC including the following:

  • File your company Article of Organizaiton
  • Apply for EIN and State Tax ID
  • Prepare form 2553 for S-Corp Election
  • Apply for 501(c)(3)

We take care of the business closing/dissolution, get your final tax was done and button up all loose ends properly.

Notary Public Services

Notary Public & Investment:

Legal Documents
EB-5
Investment
I-134 Affidavit of Support


 


Financial Services

Accounting Services

Good financial records are necessary for several reasons:

  • Daily operating decisions are based on financial reports.
  • Bank loans require reports of past performance
  • Tax return numbers need proper substantiation

The group CPA Prepare financial reports monthly.  For year-to-date comparisions and to make quick management decisions, financial reports must be done monthly. "As goes the month, so goes the year." You can compare the sales, gross profits, and net profit at, say, the end of May, with prior years and get a good idea of how the current year will finish. You can compare the total accounts recivable or payables with prior years to spot problems and then quickly take corrective action.

Here are some common business ratios you should monitor on a month-by-month and a year-by-year basis:

  • Current ratio - Current assets divided by current liabilities will measure your ability to pay your current debts.
  • Debt to equity ratio - Total liabilities divided by net worth will provide you with a year-to-year comparison of your ownership in the company.
  • Receivables outstanding - Recivables divided by average day's sales will give you the number of days' sales on the books.
  • Profit margin - Gross profit divided by net sales will allow you to compare your business operations to other companies in your industry, as well as monitor your own operations over time.

Understanding financial statements can increase business profits.  If you would like to learn more about using financial statements to make sound business decisions, we would be happy to assist you.

ADP Payroll Services

We setup, run payroll, and file payroll taxes for you
We calculate paychecks and fall payroll taxes
Free direct deposit & year end W-2s
No tax pre-payment-pay only when it's due
Instant alerts from our Error Detection Technology

Asset Management Accounting

Set Up Book for Real Estates Investments
Real Estates Flips
Real Estates Development
Capital Fund Reporting
ROI (Return of Investment) Report

Bookkeeping & Payroll

Bookkeeping for Small to Medium Sized Companies
Keeping Track of Account Receivable and Account Payable
Bank Reconciliation
Issue 1099s, 1094/1095 B&C
Run Payroll
Submit New Hired, 941, 940, CA DE 9, and CA DE 9C
Issue W-2s

Bookkeeping Yearly/Quarterly/Monthly

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.

 


Send Us a Message

We would love to hear from you!

877-238-3175 info@jdtaxcpa.com

Get clarity on your tax and accounting situation

Call 877-238-3175