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Tax Preparation

Regardless of your business type or industry, tax season is one certainty that will happen like clockwork. This doesn’t mean you should wait until the 11th hour to begin planning and preparing your taxes. Instead, businesses who benefit the most from tax preparation engage in continual tax planning. However, if you’re like most business owners, you struggle to find the time to effectively plan and prepare your taxes. 

 

business tax planningFortunately, when you partner with the accounting professionals at MB Group, you don’t have to! We are a team of experienced CPAs who are dedicated to helping the businesses we serve to achieve their goals through strategic tax planning and tax preparation. By partnering with MB Group for tax preparation and planning, we’ll help ensure your business maximizes every available exemption, deduction, allowance, and exclusion to reduce your tax liability. 

 

Save Time & Money with Professional Business Tax Preparation

 

As a business owner, you’re required to report your expenses, revenue, and profits to the Internal Revenue Service to make sure Uncle Sam receives his fair share. At MB Group, we don’t just prepare and file your taxes — we develop relationships to gain a deeper understanding of how your business works. Our experienced team of business tax preparers and accountants have helped businesses of all sizes and shapes successfully prepare and file tax returns for:

 

  • Sole Proprietorships: The business and owner are the same legally. Our experts help self-employed professionals make the most of business losses and reduce tax liability. 
  • General Partnerships: These are similar to Sole Proprietorships where the owners and businesses are treated the same. With Partnerships, the partners divide the liabilities and assets based on their percentage of business ownership. 
  • Limited Liability Companies (LLCs): This structure has a strict separation between the business and the owners. Treated like partnerships for tax purposes, LLCs are pass-through businesses, so there is no business tax liability on income. 
  • S Corporations: These are pass-through corporations, and you’re not subject to double taxation. Offering ample flexibility, S Corps have a distinct separation between the business and owners. 
  • C Corporations: A unique structure where the corporation pays taxes on income, and a second tax is levied on the dividends to owners. C Corps are excellent solutions for growing businesses that distribute shares to investors. 
  • Non-Profit Entities: They do not pay federal taxes, but must file taxes to retain this special status. 

 

Regardless of the type of business, MB Group will confidently prepare and file your taxes, so you can focus on growing your business. 

 

Never Miss a Deadline

 

The Internal Revenue Service, state governments, and local governments have strict deadlines for meeting your tax obligations. If you miss these tax deadlines and fail to comply with sales tax and payroll taxes, it can have a substantial negative impact on your bottom line. Simply put, you’ll be subject to non-compliance fines. 

 

However, when you partner with MB Group, you can rest easier knowing we will stay on top of your tax obligations. We offer years of experience helping businesses of all types meet both state and local tax deadline. 

 

Planning to Succeed with Tax Planning — a Source of Capital

 

You know the adage — if you fail to plan, you are planning to fail. And when it comes to your taxes, nothing is truer. In fact, if you’re not planning year-round for your taxes, it becomes difficult — if not impossible — to effectively maximize the opportunity. 

 

As a core component of tax preparation, tax planning explains the comprehensive process of conceiving and implementing various tax strategies to reduce or completely negate your tax liability. Regardless of the size of your business, tax planning and reducing your tax liability can help create more money for investments, expenses, or growth. 

 

At the MB Group, we approach tax planning and tax preparation as an ongoing, continual assignment. In doing so, we partner closely with you to understand your business and provide use tax planning to provide valuable insight to strategically inform decisions. 

 

Contact MB Group for Tax Preparation

When it comes to tax planning and preparation, the accounting professionals at the MB Group are your one-stop solution. We offer a full suite of solutions designed to relieve you of your tax preparation and planning burden, so you can focus on growing your business. 

 

Contact MB Group today for tax preparation and planning services. 

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Additional Resources:

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