Corporation and Corporation S tax returns are comprehensive, lengthy and potentially costly to your pocket book — if you aren’t a tax expert.
If you don’t claim all of your deductions and credits, you could be leaving a big chunk of change on the table. And in contrast, if you aren’t well versed in business tax returns and know how to legally minimize your taxes, you could leave yourself overexposed to taxation.
If you’re committed to going it alone and filing for yourself this year, here is the best advice you can give you when it comes to your corporate tax return:
Start now. March 15th will be here before you know it!
To be honest, you have a lot of research, organizing and accounting to do. The sooner you get started, the less likely you are to be rushed and miss something when deadline is looming. Even if it’s just sorting receipts or printing your 1120 or 1120S forms, the sooner you tackle the beast the better it will be for your business.
If you plan to hire a professional to file your business tax return for you, our advice is still the same: start now!
The earlier you sign up for your professional corporate tax filing service, the better your price will be.
As a Long Island accounting firm that has been professionally preparing taxes for over 20 years, we know the ropes when March 15th comes around — and we can be right there for your business with guaranteed compliance and an auditing protection guarantee.
Plus, our corporate tax filing rates are some of the most competitive in all of Long Island, NY. But you don’t have to take our word for it.
If you’d like to speak with a Beaton Accounting tax professional, call us today for a FREE consultation on your business tax return:
631-921-6894
Have a question or certain topic you’d like to see addressed in our next blog post? Just leave a comment, or email us at info@beatonaccounting.com