Business Taxes Preparation

Running a business is time-consuming enough without the additional complexity of trying to prepare your own business taxes. While there’s no legal or IRS requirement mandating that business owners must work with a tax professional to prepare their tax return, doing so saves you time, helps you avoid costly mistakes, and prevents you from paying more than legally necessary. The bigger the business, the more important it is to have financial experts work with you on your business taxes preparation.

Our certified public accountants are here to help with your business taxes preparation. We ensure that your taxes are handled properly, so that you can focus on your business rather than stress about whether or not your taxes have been prepared correctly. 

Reduce The Likelihood Of A Tax Audit

Businesses accumulate many documents related to their finances throughout each quarter. By working with GSR when preparing your taxes, you can rest assured that we’ll sort through them all for a complete and accurate picture of your finances. Working with Golub, Senitt, Rosenberg & Co. helps you avoid common pitfalls business owners can make when filing their business tax returns which can increase your likelihood of a tax audit.

For example, you must ensure that the income you report to the IRS is accurate. Failure to report your income or doing so incorrectly sends up a red flag that increases the likelihood of a tax audit. 

So too can mixing personal and business expenses. If the IRS discovers that you’ve been commingling your personal and business finances, they can start looking into your personal accounts in addition to your business accounts. Ensure that you have separate business cards and accounts that are used exclusively for that purpose. 

We work with our clients to help them avoid making such mistakes and address all tax risks your business faces with our business taxes preparation services. Should your business be audited, we can plan and represent you with the auditor. 

Prepare For Taxes All Year Round

Running a business means that you should be working with an accountant all year round, not just during tax season. Making financial decisions without the guidance of an experienced financial consultant could result in tax risks, impact the growth, profitability, and survival of your business, and cost you more in the long-run. Conversely, working with an accountant throughout the year can improve your business’s financial situation and set it up for success.

We can work with you in order to monitor your gross and net profits, ensure you don’t have any cash flow problems, and track income and spending. We can help you keep thorough, accurate records year-round, which is an essential component of filing a complete and accurate business tax return. Failure to maintain your records could result in missing out on deductions and credits and increases your risk for an audit.

Some of the accounting services that we provide that assist you in prepare for taxes all year round include:

• Tax planning
• Tax risk consulting
• Tax management consulting
• Controller services
• Fractional CFO services
• Financial consulting
• Month-end close

Achieve Desired Tax Results

When you work with GSR for your business taxes preparation, we’ll develop a customized tax planning strategy that addresses your tax risks and helps you manage your finances to maximize tax savings opportunities by reducing tax liability. We stay on top of tax law changes and regulations in order to ensure that your business is in compliance, which decreases the likelihood of a tax audit.

We understand all the nuances of corporate taxes and can help you avoid costly mistakes. We can help you include everything you need to a complete, accurate return that minimizes your tax liabilities, such as expenses, wages, income, cost of goods sold, and more. 

We pride ourselves in doing the job right and helping our clients pay the least amount of taxes legally possible through proper tax preparation and utilizing all available tax credits and deductions.

Business Taxes Preparation With GSR

Golub, Senitt, Rosenberg & Co. will help you minimize your tax liabilities while maximizing your return with our business taxes preparation services. No matter your company, our experience, expertise, detail-oriented work, and commitment to ethics, professionalism, and clear communication allow us to provide you with business taxes preparation services you can trust. 

We stay on top of all revisions and updates to state and federal tax regulations, ensuring that we keep our clients in compliance. Additionally, we’re always looking for deductions and tax breaks that can save our clients money. We uncover all the necessary information for comprehensive, accurate tax reporting throughout the year.

Contact us today to learn more about the services our professional CPAs provide in and around Glendale, CA.