Business Taxes Done Right
Don't Just File Your Taxes, Mitigate Your Taxes
Asnani CPA handles all types of tax returns, but we specialize in business tax returns here in California.
- Sole Proprietorships
- C Corporations
- S Corporations
- Limited Partnership
Asnani CPA Helps mitigate taxes, while preparing and filing a sound tax return.
When you become a client with us, we work hard to make sure that your tax return has good, sound data. We find that a tax return is only as good as the data going in, which is predicated on sound bookkeeping and accounting. That's why we provide our one-stop-shop Outsourced Accounting Service, because we know that when our team handles the ongoing bookkeeping, payroll, and then handles your periodic tax payments, you'll have a predictable tax year.
Predictable Tax Results
One major goal of the Asnani CPA team is to help business owner pay in their taxes throughout the year, so that they don't accidentally create a balloon IRS bill. Sure, we encourage business owners not to "give the IRS a loan" by overpaying tax payments throughout the year, but we know that few business owners desire an unexpected tax bill.
We work with your tax plan throughout the year to mitigate your taxes, make the correct decisions with your S-Corp salary and distributions, and then we help you make payments throughout the year with the goal of easing the year-end tax bills.
1120s, Schedule C and C-Corp Tax Returns
Schedule C for Sole Proprietorships
LLC Taxed as a Sole Proprietorship: Learn more here. Businesses that have not filed an S-election to become a chapter s, or S-Corporation, are taxed as a sole proprietorships or "Sole Props".
S-Corporations: Learn more here. A business can decide to file an "S-Election" to be taxed as an S-Corporation. The S-Corp is a favorite tool of tax planners to possibly mitigate self employment taxes.
C-Corp: Learn more here. We generally don't recommend small businesses become a C-Corp, unless they require the specific benefits. Generally, C-Corps create a "double taxation" for most small businesses.