Business returns
Schedule C, Form 1065 (partnerships and multi-member LLCs), Form 1120-S (S corporations) and Form 1120 (C corporations), plus owner K-1s.
Overview
How we help
Running a business is hard work; filing taxes shouldn’t be. We prepare your business and owner returns, and we help with the decisions that shape your tax bill all year: your entity structure, owner pay, estimated payments, equipment purchases and retirement plans.
Recent law changes matter here too. 100% bonus depreciation is back for qualifying property, domestic research costs can be expensed again, and the 20% qualified business income deduction is now permanent. We make sure your business is positioned to use what applies.
Key Benefits
- Strategic year-round tax planning
- Corporate liability minimization
- Cash flow optimization strategies
- Expert advisory for growth and expansion
What’s Included
Everything that’s included
Entity selection and S-corp elections
Compare LLC, S-corp and C-corp treatment for your numbers, and file Form 2553 on time if an election makes sense.
Quarterly estimates
Projected estimated payments for owners so you avoid underpayment penalties and big April bills.
Depreciation and asset planning
Section 179, bonus depreciation and vehicle rules applied to your equipment and property purchases.
Owner compensation
Reasonable salary vs. distributions for S-corp owners, and retirement plan options such as SEP-IRAs and Solo 401(k)s.
Multi-state and sales tax questions
Guidance when you sell, hire or operate in more than one state.
Who It’s For
Is this right for you?
- Sole proprietors and single-member LLCs
- Partnerships and multi-member LLCs
- S corporations and C corporations
- Freelancers whose side income became a real business
- Owners weighing an S-corp election or a new entity
- Businesses buying equipment, vehicles or property this year
How It Works
Four simple steps
- 1Discovery callWe learn how your business earns, spends and pays its owners.
- 2Review your booksWe review your financials and prior returns, and flag issues early.
- 3Plan and prepareWe prepare the returns and a short plan for the year ahead.
- 4Stay on trackWe check in on estimates, payroll and big decisions as they come up.
FAQ
Common questions
Something else on your mind? Call (877) 658-7038 or email support@stellartaxgroup.com.
Should my LLC elect to be taxed as an S corporation?
Sometimes. An S-corp can reduce self-employment tax once profits are high enough to cover a reasonable salary plus the added payroll and filing costs. We run the numbers for your situation before recommending it.
When are business returns due?
For calendar-year businesses, partnership and S-corp returns are generally due March 15, and C-corp and sole-proprietor returns April 15. Extensions are available, but they extend the time to file, not the time to pay.
Can you work with my existing bookkeeper?
Yes. We can work from your bookkeeper’s reports, or take over the books through our Bookkeeping & Payroll service.
Do I need to make estimated tax payments?
If you expect to owe $1,000 or more for the year, usually yes. We calculate quarterly amounts that keep you within the IRS safe harbors.
My books are behind. Can you still help?
Yes. We can clean up and reconcile past periods before preparing your return.
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