Sole Proprietors
Business income and expenses are generally reported through Schedule C with the owner’s individual return.
Business Tax Preparation
Business Tax Preparation With Personal Guidance
Business tax returns require accurate income and expense reporting, organized records, entity-specific forms, and attention to filing deadlines.
Global Bash provides remote tax preparation for qualifying businesses and owners who want direct communication and professional review.
Business Structures
Tax Preparation for Different Business Structures
Partnerships
Form 1065 preparation and applicable Schedule K-1 reporting for partners.
S Corporations
Form 1120S preparation and applicable shareholder reporting.
C Corporations
Form 1120 preparation and related federal and state filing requirements.
Limited Liability Companies
The filing requirement depends on how the LLC is classified for federal and state tax purposes.
What May Be Included
Business Return Preparation May Involve
- Business income
- Ordinary and necessary business expenses
- Cost of goods sold
- Contractor-payment information
- Vehicle use
- Home-office information
- Business assets
- Depreciation
- Estimated payments
- Shareholder or partner information
- Schedule K-1 preparation
- Applicable state filings
- Multi-state business activity
- Prior-year filing issues
Record Preparation
Organized Business Records Support Accurate Filing
Business owners should maintain records that support the income, expenses, assets, and owner-related activity reported on the return.
Global Bash may request additional documentation depending on the entity and filing requirements.
- Income received
- Business expenses
- Contractor payments
- Payroll information when applicable
- Business mileage and vehicle use
- Asset purchases
- Loans and financing
- Owner contributions and distributions
- Inventory
- Business activity in other states
- Prior-year balances
Planning
Tax Preparation and Planning Work Better Together
A business return reports activity that has already occurred. Tax planning helps business owners consider estimated payments, recordkeeping needs, major purchases, income timing, and other future decisions before the next filing deadline.
Planning does not guarantee that taxes will be reduced. Its purpose is to help business owners understand possible consequences and prepare more effectively.
Remote Process
A Clear Remote Preparation Process
- 01
Initial Consultation
Discuss the business structure, tax year, states involved, and filing needs.
- 02
Scope Review
Milana identifies the likely return type and general records required.
- 03
Engagement and Pricing
The scope and pricing are confirmed based on the complexity of the business return.
- 04
Secure Document Collection
Business records are provided through the approved secure process.
- 05
Preparation and Questions
Milana reviews the records and follows up regarding missing or unclear information.
- 06
Completion
The business return and applicable owner, shareholder, or partner documents are completed.
Service Boundaries
Important Business-Service Boundaries
Business tax preparation does not automatically include the following services:
- Bookkeeping
- Payroll processing
- Sales-tax registration or filing
- Legal entity formation
- Legal advice
- Investment advice
- IRS audit representation
- Ongoing accounting services
Frequently Asked Questions
Common Questions
Which business tax returns do you prepare?
Global Bash prepares qualifying Forms 1120, 1120S, 1065, Schedule C filings, and applicable state returns.
Can you help me decide whether to elect S-corporation status?
Milana can discuss general tax considerations connected with different filing structures. Legal formation and liability questions should be reviewed with an appropriate attorney.
Do you provide bookkeeping?
Bookkeeping is not currently advertised as a confirmed standalone service.
Do you process payroll?
Payroll processing and broader payroll-service scope are not currently advertised.
How much does a business return cost?
Pricing depends on the entity, condition of the records, ownership structure, required schedules, assets, number of states involved, and overall complexity.
Get Started
Discuss Your Business Tax Needs
Request a consultation to discuss your entity, tax year, return type, business records, states involved, and filing requirements.