There are many kinds of taxes a small business will encounter depending on the nature of the business and the complexity of the industry you produce in. Small business, especially new small business, can get mired in the maze that most taxing authorities believe are clear. What is the difference between sales tax and use in Washington state? Why am I required to file a 941 or 944 form? What other state payroll taxes am I responsible for? What if my employees are unionized? What if I have sales in several states? These questions don’t even cover your business income taxes for IRS forms 1120, 1120S, 1065, or 1040’s with Schedule C’s while many small businesses aren’t even invoicing correctly simply because they don’t know the rules that apply to them. We frame the maze of tax reporting so that it’s clear, concise, and simply amazing!
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Stand Alone Tax Services
*Stand alone tax services are for clients who do not have a concurrent accounting service plan and have business income and expenses to report on a Federal and State Income Tax Return.
Standard non-business 1040 returns including dependents, Earned Income Credit, Child Tax Credits, or any other credit, or IRA distributions/contributions/rollovers, foreign income, or any activity that requires a standard 1040 form is $300.00.
1040 Returns with any business activity (rentals, sole-proprietorships, Schedule F Farm Income, etc) are $600.00.
1040EZ or 1040SR returns with or without credits are $175.00 and 1040’s with only Social Security income are $125.00.
1120, 1120S, and 1065 tax returns are $1,500.00 each for non-accounting clients or $1,300 if Champion Tax & Accounting Inc handles your accounting.
990 tax returns are $600.00 each.
All business returns not related to an accounting agreement MUST have a Profit & Loss, Balance sheet, General Ledger, complete asset list showing the item/date placed in service/original cost,
and prior year depreciation schedule.
All business returns reporting for their first year and not related to an accounting agreement MUST have a Profit and Loss, Balance Sheet, General Ledger, and a complete asset list showing the item/date placed in service/original cost.