Business Tax Returns
Tax laws are constantly changing and it can be frustrating and confusing for companies trying to prepare their own tax returns. LBS Tax & Accounting understands this and works with several businesses in the Chandler area, putting together and filing their tax returns.
We compile the financial reports necessary to prepare your Business Tax Returns, with the data that you provide us. If we perform bookkeeping and other accounting services for your business, we can easily retrieve the data we need for tax purposes.
We can help you understand the items that your business can deduct and then apply those deductions to your tax return. Perhaps your business shows a loss in a specific area, made a generous donation to a charity, or purchased new equipment. You may even have depreciation to report if you own a vehicle for your business or industrial equipment. If you use your car for business purposes, we can help you decide if you want to claim your mileage or car expenses (repairs/maintenance) as a deduction. If you are a new business, we’ll show you what items and expenditures you can use as deductions, thereby helping you take advantage of these options.
Filing Out the Paperwork
After we have gathered all of the data we need, we will sort through the numbers and fill out the appropriate paperwork for your business’ tax return. Once the paperwork is complete, we double check it to make sure it is accurate before filing it with the IRS.
Enjoy peace of mind when it comes to your financial health. Call us today at (480) 664-1249.