Menu

Tax Services

Tax preparation, planning and advice for small and medium businesses.

A man organizing tax documents into a folder at his home office desk

Service

Meet Every Obligation, Nothing More

Tax work for a small or medium business has two goals: meet every obligation the tax laws and regulations impose, and pay no more than the business owes.

Our tax services cover the three parts of that work. Preparation is the filing of the returns themselves. Planning looks ahead for tax-saving opportunities. Advisory is guidance on the tax side of business decisions and on compliance and reporting requirements.

Handled together, they bring greater financial efficiency and reduce the risk of costly tax-related issues.

What We Do

Tax Preparation, Planning & Advisory

Business Tax Return Preparation

We prepare and file federal, state and local tax returns for small and medium businesses, including business entity returns such as S corporation, partnership and LLC returns.

Payroll, Sales & Other Business Taxes

Beyond income tax, a business may owe payroll tax, sales tax and other taxes that apply to its operations. We assist with preparing those returns as well.

Tax Planning

Tax planning means creating a strategic plan to minimize tax liabilities. We review financial statements and tax returns to identify tax-saving opportunities, such as tax credits and deductions.

Structuring Business Transactions

How a transaction is structured can change what it costs in tax. We provide guidance on structuring business transactions with their tax consequences in view.

Tax Advisory

We advise on the tax implications of business transactions, including mergers and acquisitions, so decisions are made with the tax consequences understood.

Compliance & Reporting Requirements

Tax rules carry compliance and reporting requirements beyond the return itself. We provide guidance on what those requirements are and how the business meets them.

Discuss your needs

How We Work

How a Tax Engagement Runs

  1. Review Your Records

    We start with your financial statements and prior tax returns to understand the business and its tax position.

  2. Identify Opportunities

    We look for tax-saving opportunities, such as credits and deductions, and plan how to use them.

  3. Prepare & File

    We prepare the federal, state, local and entity returns the business is required to file.

  4. Advise on What Comes Next

    We provide guidance on the tax side of upcoming decisions and on ongoing compliance and reporting requirements.

Request a Consultation

Why Corvinus

Why Corvinus Business Solutions

CPA Experience

Corvinus is led by its owner, a CPA whose background includes Financial Controller and Director of Financial Reporting experience.

Preparation, Planning & Advice Together

Returns, planning and advisory are handled together, so each year's filing informs the next year's plan.

Built on Accurate Books

Because we also provide bookkeeping and accounting, tax work can start from records that are already in order.

FAQ

Frequently Asked Questions

Our tax services for small and medium businesses fall into three areas. Tax preparation covers the preparation and filing of federal, state and local returns, including business entity returns, along with payroll, sales and other applicable tax returns. Tax planning means reviewing your financial statements and tax returns to identify tax-saving opportunities and building a strategic plan to minimize tax liabilities. Tax advisory means guidance on the tax implications of business transactions and on compliance and reporting requirements.

We prepare federal, state and local tax returns for small and medium businesses, including business entity returns such as S corporation, partnership and LLC returns. We can also assist with returns for payroll tax, sales tax and other taxes that may apply to the business. Which returns your business must file depends on how it is structured and where and how it operates, and that is one of the first things we establish when we begin working with you.

Tax preparation looks back. It records what happened during the year on the returns the business is required to file. Tax planning looks ahead. It reviews your financial statements and returns to identify tax-saving opportunities, such as credits and deductions, and sets out how to structure business activity to reduce tax liabilities. Preparation meets your obligations. Planning shapes what those obligations will be. The two work best together, with each year's return informing the next year's plan.

We start by reviewing your financial statements and prior tax returns. That review shows how the business earns and spends money and how it has been taxed, which is where opportunities come to light. Typical opportunities include tax credits and deductions the business qualifies for, and ways of structuring transactions that reduce tax liabilities. Every business is different, so the opportunities that apply to yours can only be identified by looking at your own records.

Yes. Tax advisory includes advice on the tax implications of business transactions, including mergers and acquisitions. Transactions like these can have significant tax consequences depending on how they are structured, and those consequences are far easier to shape before the deal is done than after. Bring us in while the transaction is still being planned, and we will provide guidance on the tax side so the decision is made with its implications understood.

Yes. Beyond income tax returns, we assist with the preparation of tax returns for payroll, sales tax and other taxes that may apply to the business. Many small businesses have more filing obligations than they realize, and each carries its own requirements. If you also want payroll itself handled, including payroll tax filings each pay period, our payroll services cover processing, filings and reporting as one service.

The most important records are your financial statements and prior tax returns, since they are the starting point for both preparation and planning. Beyond that, what we need depends on the returns the business files. Records that have been kept accurately throughout the year make the work more straightforward and give planning more to work with. If your books are not in the state you would like, our bookkeeping service can help bring them up to date.

Tax returns are built from the business's financial records. When income and expenses have been tracked and categorized consistently, and accounts have been reconciled, the figures needed for filing are already in order. That makes preparation more reliable and gives planning a clear picture to work from. Because we provide bookkeeping and accounting services as well as tax services, the records and the returns can come from the same place.

Only once we have reviewed your records. Every business's tax position depends on its structure, its income and expenses, where it operates and the transactions it has made during the year, so we do not give figures or specific advice without looking at the facts. Once we have reviewed your financial statements and prior returns, we can prepare the returns, explain what the business owes and why, and identify opportunities to reduce future liabilities through planning.

Start by requesting a consultation. We will ask about the business, how it is structured, what returns it currently files and who prepares them. From there we review your financial statements and prior returns and agree the scope of the work, whether that is preparation, planning, advisory or all three. You can also reach us through our contact page with any questions before you decide.

Have a question we did not cover? Contact us.

Put Your Taxes on Firm Footing

Tell us how your business is structured and what it files today.

Request a Consultation

Contact us

Request a call back

Leave your details and Corvinus will call you.