Business return preparation
Depending on the entity and tax classification, a business may have federal income tax returns, California filings, owner information returns and other compliance obligations. We review the filing profile before preparing the return.
Records matter
- Year-end profit and loss statement and balance sheet when applicable.
- Bank and credit-card records supporting business activity.
- Payroll reports and contractor information.
- Asset purchases, loans and owner contributions or distributions.
- Prior returns and carryforward information.
Entity and owner coordination
Partnership, S corporation and other pass-through filings affect the owners' individual returns. Coordinating the business return with the owner return can reduce missing information and inconsistent reporting.
When the IRS asks questions
If a business return is selected for examination or the business receives a tax notice, Roberto E. Ruiz, EA can review whether IRS representation is appropriate.
Frequently asked questions
What types of businesses do you work with?
We assist many small-business structures, including self-employed taxpayers and qualifying LLC, partnership and corporation filings.
Should bookkeeping be finished before tax preparation?
Ideally, yes. Reconciled books make tax preparation more reliable and help identify missing or duplicated transactions.
Can you help if prior business returns are missing?
Yes. Start with the years that are unfiled and the records available for each year so a filing plan can be developed.