Business Tax Return Preparation

Managing tax obligations is an essential part of sustaining the financial health of a business. Our seasoned business tax preparation services are thoughtfully crafted to make this task effortless for you, freeing up more time for you to focus on steering your business to greater heights.

Here at Minton CPAs & Associates:

We are a locally and family-owned accounting firm that’s been taking the worry out of tax season for businesses in Virginia Beach, Chesapeake, Norfolk, and all of Hampton Roads for 32 years. We think it’s important for you to understand what business tax preparation services are and how they can benefit your business. 

Business Tax Preparation Services

When it comes to small businesses, tax preparation can be a uniquely intricate process. Our specialized small and medium size business tax services are designed to navigate these complexities. We assist you in maximizing your deductions and credits while making sure your business is in complete compliance with all tax regulations. You won’t be losing any sleep
over taxes; we’ve got it all under control for you.

Our tax preparation services are provided by CPAs who are experts in tax preparation, planning, and filing. Our tax managers stay up-to-date on the latest tax code changes through continual education. This allows us to ensure that each of our clients claim the maximum amount of deductions that are allowed by law.

We make sure that returns are completed accurately and filed on time, which means no more stress over filing deadlines or penalties from the IRS.  We also help our clients navigate financial documents like W-2s and 1099s, as well as provide advice on how to reduce their tax liability. It is our primary goal to help each of our clients keep as much money in their pockets as possible.

how to avoid bookkeeping mistakes
State Taxes
business 01-1000

Reap the Rewards of Comprehensive Tax Preparation

Our business tax services are comprehensive, ensuring all facets of tax
preparation are covered. We guide you from the initial stages of gathering
your financial data up to the moment of the final filing of your tax return. With
us, you'll experience the convenience of having everything handled in one
place, by dedicated professionals who have your best interests at heart.

Additional benefits of outsourcing to a Professional Tax Preparer include:

N

Saves You Time And Stress

Why spend hours stressing over tax forms and Googling the answers to complex tax questions when you don’t have to? As a business owner, your time is valuable and can be better spent on tasks like improving your products and services and serving your customers.

N

Staying Legally Compliant

Every business has requirements that must be followed on the State and Federal level when it comes to filing tax returns and paying on income. A lack of understanding of these requirements will not dismiss you from being fined or penalized by the IRS.  Tax laws change constantly, which leaves massive room for error for business owners who are not aware of these updates. This leads to costly mistakes and missed opportunities for savings. 

N

Tax Saving Strategies

One of the best parts about working with a professional tax preparer is that they can look at your specific situation and know what unique tax saving strategies can be implemented to reduce your liability. An example of this might be moving expenses or income from one year to a different year to make it fall where it can be taxed at a lower rate.

N

Claiming The Maximum Deductions

As a business owner, you can’t afford not to claim all the deductions and credits to which you are entitled. However, there’s no way for you to maximize these deductions if you don’t even know what they are. This is why the help of a professional can be very beneficial. 

N

Amending Tax Returns From A Previous Year

If you feel that you made mistakes or missed out on deductions on a previous year’s tax return, a professional tax preparer may be able to help you. Luckily, the IRS provides a window of time where tax documents from a prior-year can be updated and re-filed.  It’s important to note that the amendment process can be complicated. An experienced tax preparer can walk you through this process making it hassle-free.

N

Access to Expert Tax and Financial Guidance

CPAs are financial experts who can provide you with knowledge that will not only benefit you during tax season, but throughout the entire year.  This is why we recommend that you meet with your tax professional throughout the year for proper tax planning. These meetings provide you the chance to discuss any changes within your business, as well as receive guidance on how to optimize your finances so you’ll be ready when April 15th rolls around. 

Partnering with Professionals for Business Success

Partnering with Professionals for Business Success

Opting for our business tax services means teaming up with seasoned professionals who are passionate about the success of your business. We’re not just preparing your tax return — we’re preparing your business for growth and profitability. This isn’t just a service, it’s a partnership aimed at propelling your business towards its financial objectives.
Deductions And Allowances

01

SILVER PROGRAM

Consists of a business tax return as well as an annual tax and business consultation meeting.

Tax Reporting

02

GOLD PROGRAM

Consists of a business tax return, two tax and business consultation meetings throughout the year, as well as access to Minton Advisory Team resources.

Planning Strategies

03

PLATINUM PROGRAM

Consists of a business tax return, quarterly tax and business consultation meetings, and access to Minton Advisory Team resources.

Can I Do My Business Taxes Myself?

The short answer is yes, you can prepare and file your business tax return on your own.  The question you want to ask yourself is whether or not you understand business tax laws, compliance, deductions, and tax liabilities. If you don’t feel 100% knowledgeable in any of these areas, we highly recommend that you seek the help of a professional tax preparer.

Business Tax Preparation Software

At Minton CPAs and Associates, we work to ensure that each of our clients receives their return as quickly as possible, which is why we use our advanced tax software to review the returns and file electronically. 

What Is The Average Cost Of Business Tax Preparation By CPA?

The average cost of outsourcing to business tax preparation services will vary depending on what type of business you have – partnership, corporation, S corporation, etc. It will also be dependent on the level of services required to meet your needs.