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Business Federal and State Tax Preparation and Management

Business Federal and State Tax Preparation and Management HOW WE WILL HELP

Many businesses have unique tax deductions (or “tax write-off”) according to the IRS criteria. Many of these tax laws change from year to year. Ideally, a business owner works with the same accountant year after year so they become more acquitted with your tax needs. Our team of tax professionals work hard to build lasting relationships with our business clients.

Business tax preparation

Every year we have to file our taxes with the IRS. It is important to make sure that you are filing your taxes correctly and preparing for them all year long.

What is Tax preparation?

Doing your taxes every year can be daunting. Worrying about the IRS and trying to understand all of the laws and rules is a huge undertaking you don't have to worry about. While getting ready to do your taxes this year and every year after there are always changes and updates to be aware of. It's not just about getting it right but getting the best tax credits and deductions so you save the most amount of money possible. Using a tax preparation program is becoming very popular among professionals and individuals but it can't replace the assistance and experience of a tax professional.

Tax Preparation for Businesses

We love to work with small business owners and focus on helping you to be more successful in your business. If you aren't up to date on your bookkeeping we can help you with this year and set you up with an easy to manage system to stay current with your bookkeeping. We can then take that information to compile your taxes to create a full Schedule C and anything else your business may need.

Top 25 Tax Deductions for Small Businesses

  • Inventory (Cost of Goods Sold)
  • Employees' Pay
  • Employee Benefits
  • Profit-Sharing or Pension Plans.
  • Auto Maintenance and Mileage
  • Utilities
  • Home Office
  • Travel Expenses
  • Education
  • Entertaining
  • Petty Cash and Tips
  • Advertising and Marketing
  • Depreciation or Write-Off
  • Employee or Client Gifts
  • Service Fees
  • Office Supplies
  • Bad Debts
  • Professional Fees
  • Furniture
  • Office Equipment
  • Repairs and Maintenance
  • Insurance Premiums
  • Interest
  • Software
  • Licenses
  • Taxes

Tax Accounting Group

Our team has a long history in Portage County. Our experienced team of accountants, bookkeepers, payroll specialists, and marketing professionals have a deep understanding of the business climate and take pride in helping businesses and individuals thrive.

Service Area

Ravenna, Edinburg, Brimfield, Randolph West Branch, Kent, Atwater, Mogadore, Tallmadge, Monroe Falls, Portage County

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Contact Tax Accounting Group

4454 Lynn Road
Ravenna, OH 44266

330-325-3441

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