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For All Types of
Businesses
Preparing your own business tax return, can be a frustrating experience. We help small businesses, freelancers. contractors and sole proprietors manage their corporation tax professionally.
Are you looking for the best online corporation tax service? At ParaFort, we help small businesses, freelancers. contractors and sole traders manage their corporation tax professionally. A Certified Public Accountant (CPA) or Enrolled Agent )EA) assigned to your company will do all the accounting tasks: track filing deadlines, suggest tax exemptions, and prepare reports.
Support
Years in Business
Ratings
Tax Preparation & Filing
ParaFort’s Tax Professionals are Certified.
We can handle tax return preparation and filing for small businesses, partnerships, trusts, estates,
ex-pats, S-Corps, C-Corps, LLCs, sole practitioners with businesses, nonprofits needing to file Form 990,
and many others!
Expert handling of your S-Corp tax filing to ensure accuracy and compliance.
Reliable C-Corp tax preparation with full support for deductions and credits.
Tailored tax filing services for single-member or multi-member LLCs.
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All tax professionals have at least 5 years of experience in preparing individual and business tax returns.
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We don’t close on April 15. Get expert tax advice anytime with on-demand access to professionals.
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If audited, our professionals provide audit guidance to help you understand every step of the process.
This is why our in-house tax consultants are best placed to make sure you are using all of your legitimate tax allowances to the full. Many business owners are unaware of tax deductions and exemptions that their business may be missing out on, and it is our job to ensure these are applied to your business so you are paying the right amount of corporation tax.
Business Tax Services
We help small businesses, freelancers, contractors, and sole proprietors manage their corporation tax professionally.
A Limited Liability Company (LLC) is a business structure allowed by state statute. Owners, known as members, can be individuals, corporations, or foreign entities.
A partnership is formed by two or more people who contribute resources and share profits and losses from business operations.
S-Corps pass corporate income, losses, and deductions directly to shareholders for federal tax reporting.
A sole proprietor owns an unincorporated business independently and is responsible for all profits, losses, and tax reporting.
Corporations can deduct business expenses similarly to sole proprietorships and also qualify for additional special deductions.
For organizations serving religious, charitable, educational, or similar public purposes, ensuring compliance with federal tax regulations.
Filed by fiduciaries for domestic estates, trusts, or bankruptcy estates to report income and manage legal obligations.
Your Satisfaction is 100% guaranteed.
Sole Proprietor Tax
A sole
proprietor is someone who owns an unincorporated business by himself or herself.LLC Tax Return
A Limited
Liability Company (LLC) is a business structure allowed by state statute.
Owners of an LLC are called members. Most states do not restrict ownership, so members may include
individuals, corporations, other LLCs and foreign entities.Partnership Tax Return
A
partnership is the relationship between two or more people to do trade or business. Each person
contributes money, property, labor or skill, and shares in the profits and losses of the business.
S-Corp. Tax Return
S
corporations are corporations that elect to pass corporate income, losses, deductions, and credits
through to their shareholders for federal tax purposes.
C-Corp.Tax Return
A
corporation generally takes the same deductions as a sole proprietorship to figure its taxable
income. A corporation can also take special deductions.Non-Profit Tax Return
Organizations that are organized and operated exclusively for religious,
charitable, scientific, testing for public safety, literary, educational or other specified
purposes.Partnership Tax Return
Estates
and Trusts income tax return filed by the fiduciary of a domestic decedent’s estate, trust, or
bankruptcy estate.
It can be a full-time job in itself…
We specialize in business tax services you can trust. Talk to us today. Taxes eat away at your bottom line. Which is why we want you to keep all the money you can.
If you’re a limited company, you need to make allowances for your Corporation Tax bill. Virtual 1 Accounting can help you to work out precisely what you own, and when to pay HMRC as well as ensure you comply with your company’s reporting requirements.
Generally, S-Corps and Partnerships are due 3/15. C-Corps and Schedule Cs (which are reported along with the 1040’s) are due on April 15th of every year. However, there is an exception if the 15th falls on a weekend then the due date will fall on the next business day. For example, in 2018, April 17th is the deadline for C corps and 1040s. If an extension is filed by 3/15 or 4/17, the due date extends to 9/15 for S-Corps and partnerships and 10/15 for C-Corps and personal returns.
It depends on your situation. An estimated tax payment might be necessary if the business is generating a profit, where income exceeds expenses. In addition, it might also be necessary if you received any income where taxes were not withheld.
The short answer is yes. For SMLLC or Sole Proprietors, you may not be required to file a Schedule C, but if your business was active and you incurred expenses, you can claim those expenses. Some states will require a filing for the LLC regardless of whether there was activity. It is important to note that as long as the business was active and operational, even if you made no income, you can claim those expenses. For C-Corps, S-Corps, and 1065, it is always mandatory to file, even if there was no activity.
The IRS recommends that you declare an entity election within 75 days of when the LLC is registered, however, not every entity requires this. All LLCs are by default either a Single Member LLC or Multi-Member LLC, otherwise known as a partnership. If you opt to switch over to S-Corp or C-Corporation status, you may do this either 75 days from when you register the LLC or 75 days after the new year. If 75 days pass, you can do what’s known as a “Late Election”. The IRS does not penalize businesses for doing a Late Election.
Our services are online and telephone-based, with your dedicated accountant available for support during office hours. No matter what kind of business you are in, our dedicated and fully qualified accountants can help you with the services you need. We understand that no two businesses are completely alike, so it is best to speak with us first. We can provide you with access to our cutting-edge online accounting software tools and help to manage your business finances in a manner and scale of delivery that suits you.
Penthers can start working with you almost immediately. You may need to sign off from your existing accounting firm, if you already have one, but as soon as you sign up with us we can get to know you and your business and start to manage your financial responsibilities right away.
