Business Tax Preparation

Florida Business Tax Preparation

Enlightening Business Solutions renders business tax preparation for all types of business clients. Both small business tax services & corporate tax services. This includes the following forms:

♦ Form 1120-C  ♦ Form 1120-S   ♦ Form 1065  ♦ Form 1041

♦ Form 990        ♦ Form 706        ♦ Form 709    ♦ Form 550

Also Enlightening Business Solutions offers IRS reporting agent services that electronically prepare IRS & State forms W-2, forms 1099, forms 941, forms 940, sales tax , etc.

 

juan melendez - enlightened business solutions - taxprofessionals.com member florida business tax preparation

 FREE 15 minutes Consultation. 

We specialize in preparation of:

► Business Returns- 1120, 1120-S & 1120-C

► Trust Return- 1041

► Partnership Returns – 1065

► Tax return Preparation – State, City & Local

 

Small Business Tax Checklist

Free Tax Worksheets

Income | Florida Business Tax Preparation

  • Gross receipts from sales or services
  • Sales records (for accrual based taxpayers)
  • Returns and allowances
  • Business checking/savings account interest (1099-INT or statement)
  • Other income

Cost of Goods Sold (if applicable)

  • Inventory
  • Beginning inventory total dollar amount
  • Inventory purchases
  • Ending inventory total dollar amount
  • Items removed for personal purposes
  • Materials & Supplies

Expenses | Florida Business Tax Preparation

  • Advertising
  • Phones (landline, fax or cell phones related to business)
  • Computer & internet expenses
  • Transportation and travel expenses
    • Local transportation
      • Business trip (mileage) log
      • Contemporaneous log or receipts for public transportation, parking, and tolls
    • Travel away from home
      • Airfare or mileage/actual expense if drove
      • Hotel
      • Meals, tips
      • Taxi, tips
      • Internet connection (hotel, Internet café etc.)
      • Other
    • Commissions paid to subcontractors
      • File Form 1099-MISC and 1096 as necessary
    • Depreciation
      • Cost and first date of business use of assets
      • Records relating to personal use of assets
      • Sales price and disposition date of any assets sold
    • Business insurance
      • Casualty loss insurance
      • Errors and omissions
      • Other
    • Interest expense
      • Mortgage interest on building owned by business
      • Business loan interest
      • Investment expense and interest
    • Professional fees
      • Lawyers, accountants, and consultants
    • Office supplies
      • Pens, paper, staples, and other consumables
    • Rent expense
      • Office space rent
      • Business-use vehicle lease expense
      • Other
    • Office-in-home
      • Square footage of office space
      • Total square footage of home
      • Hours of use, if operating an in home daycare
      • Mortgage interest or rent paid
      • Homeowner’s or renters’ insurance
      • Utilities
      • Cost of home, separate improvements and first date of business use
    • Wages paid to employees
      • Form W-2 and W-3
      • Federal and state payroll returns (Form 940, Form 941, etc.)
        • Employee benefit expenses [This needs to be left-aligned with “Wages paid to employees”]
        • Contractors
        • Form 1099-MISc
        • Form 1096
      • Other expenses
        • Repairs, maintenance of office facility, etc
        • Estimated tax payments made
        • Other business related expenses
          • Health insurance [This needs to be left-aligned with “Other expenses”]
          • Premiums paid to cover the sole-proprietor and family
          • Premiums paid on behalf of partners and S corporation shareholders
          • Information on spouse’s employer-provided insurance

To review other IRS requirements Click HERE!!!

Looking for individual tax preparation? Visit our Florida Tax Services page.

Call us today – we’ll be happy to offer you a free initial consultation. Thanks for Visiting “Florida Business Tax Preparation”

Phone:  407.627.8454

Fax:  321.765.7644  

Email: info@enlighteningbusinesssolutions.co

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