Small Business Tax Accounting
With paradigm shifts in the diversification of tax laws, preparing tax returns can be a tedious task at hand. Despite the hurdles, Meru Accounting provides the best services to all sizes of business. Hiring an outsourced accounting team can prove to be beneficial as you will remain in constant assistance with the team of experts preparing your tax returns.
Many small-sized businesses struggle with the issues of time restrictions with the CPAs and tax preparers during the tax season and are unable to utilize the services during the off-season. Our CPAs and team of experts provide several services that take off the load due to their improved efficiency and qualifications. Even if you are a small firm, it is highly recommended to reach out to outsourced accounting firms. This can help you to minimize your tax liability by preparing all the paperwork required to apply for returns.
Meru Accounting has always got your back. We are a team of qualified experts who will assist you in each and every step of filing a tax return whether state or federal. We the service provision of Meru Accounting, we provide you with insights into several services:
Choosing the accurate tax form for your firm: Most of the small business is required tax forms for any business be it of any entity such as Partnership, Corporation, S Corporation, or Limited Liability Company (LLC).
This requires packages of forms like:
- Individual: Form 1040, Form 1040A and Form 1040EZ
- Partnership: Form No. 1065 and K-1
- Corporation: Form 1120, Form 1120A and Form 1120S (for statutory corporations)
Tax Services for Small Business include all the federal and state tax returns that fit your firm
Preparing Records
Gathering your documents and important records required for filing the tax return as such:
- Taxpayer
- Identification Number
- Income Statement
- Balance Sheet
- Receipts
- Bank and Credit Card Statements
- Payroll Records
- Checking previous year’s tax return
- Estimated Payments
Search for Tax Deduction and Credits
- Business Mileage
- Home/office education
- Travel Deduction
- Small Employer Health Insurance tax credit
- Disabled Access Credit
- Charitable Contribution Deduction
Other services that every small business will have to undergo is determining if they need a filing extension, paying tax liability, deduct estimated tax payments, etc.
Our Tax Preparation Processes
- Remotely Accessing Client’s tax software through secure and encrypted link: Analyzing the scanned documents, we provide a standard format to upload the relevant data either in the forms of PDF files, MDI, or efax messenger. After acquiring the information our team updates it as per the choice of software through email or cloud-based software.
- Entry of Tax Return and Auditing: The information entered is verified to make sure it is entered correctly and is accounted for.
- Review of the Return: Reviewing to eliminate the errors and streamlining the work by making all the required modifications as per the
- Submitting the final copy to the tax return client: Once the firm reviews and finalizes the tax return we update the tax file and send it before the deadline.
With the years of our experience and the team of qualified CPAs, we deliver hands-on experience and expertise with various tax and accounting services, including tax preparation, payroll processing, managing income and expenses, streamlining with many top tax preparation software like ProSeries Tax Solution, GoSystem Tax Solution, Thomson Reuters Tax Solutions, etc.
We charge only $15 per hour, conduct monthly meetings with the CPAs, and have a faster turnabout within 24 hours max. With our qualified accountants and improved speed, we also ensure that our work is process-driven and error-free.
Meru Accounting is a leading CPA firm that provides streamlined cloud-based Tax Services for Small Business. We provide our services to a wide range of networks across several countries like; United States, United Kingdom, Australia, Ireland, Hong Kong, Canada, Jersey, some parts of European countries, etc.
