What is the difference between a CPA Firm and one of the major tax services or bookkeeping firms?. A CPA firm is state certified which means its owner or owners has been extensively tested and trained and taught a variety of accounting processes and tax regulations. You will have someone you know locally who is able to answer your questions and/or point you in the right direction.
Whether you need business, tax, or bookkeeping advice we are here to help.
Whether you need business, tax, or bookkeeping advice we are here to help.
Services
Accounting
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First and foremost as a CPA Firm you will have a trained professional review and check to insure proper treatment of expenses and revenues.
We also can insure that you are paying and filing all the appropriate forms and taxes.
On top of accounting help we can help with payroll, franchise, and sales tax.
This is an area that most people are aware of, however, the great majority do not know how to deal with them or report them.
We not only offer basic reviews of your books, but we also offer full bookkeeping services including bank reconciliations and weekly to monthly review of your individual transactions.
We also can insure that you are paying and filing all the appropriate forms and taxes.
On top of accounting help we can help with payroll, franchise, and sales tax.
This is an area that most people are aware of, however, the great majority do not know how to deal with them or report them.
We not only offer basic reviews of your books, but we also offer full bookkeeping services including bank reconciliations and weekly to monthly review of your individual transactions.
Individuals 1040
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Individual tax returns are generally known as 1040 Returns.
They can be very easy but like our lives can quickly become more complicated.
Schedule As, Bs, Cs, Ds, and Es can quickly complicate things.
First of all what do all of those letters mean and why would I use or need them?
Another schedule that complicates lives are K-1's.
These bring a whole other slew of problems and questions.
Beseril Accounting is here to help alleviate those issues and offer you explanations that help you understand what is going.
They can be very easy but like our lives can quickly become more complicated.
Schedule As, Bs, Cs, Ds, and Es can quickly complicate things.
First of all what do all of those letters mean and why would I use or need them?
Another schedule that complicates lives are K-1's.
These bring a whole other slew of problems and questions.
Beseril Accounting is here to help alleviate those issues and offer you explanations that help you understand what is going.
Sole Proprietorships Sched C
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Beginning a business can be difficult and most are not sure what to do to start.
We are here to help you ask those questions and point you in the right direction.
Sole Proprietorships can become messy in a hurry.
The beginning can seem easy and begin with a few transactions a week.
However with Odessa's economy those few transactions can quickly become hundreds, and keeping track of all those transactions on top of doing monthly bank reconciliations and paying your taxes can become quite a handful.
We are here to help you ask those questions and point you in the right direction.
Sole Proprietorships can become messy in a hurry.
The beginning can seem easy and begin with a few transactions a week.
However with Odessa's economy those few transactions can quickly become hundreds, and keeping track of all those transactions on top of doing monthly bank reconciliations and paying your taxes can become quite a handful.
Partnerships 1065
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Partnerships are very similar to sole proprietorship in the fact that they are not subject to independent taxes.
However they do require a bit more information to set up and they require their own tax form.
For this you will need information on all of the partners.
Who is going to be the Managing Partner, and Tax Matters Partner?
How will liability, equity and profits will be split up?
With our help we can guide you through the process and ensure you have what you need to setup and prepare for a smooth tax season.
However they do require a bit more information to set up and they require their own tax form.
For this you will need information on all of the partners.
Who is going to be the Managing Partner, and Tax Matters Partner?
How will liability, equity and profits will be split up?
With our help we can guide you through the process and ensure you have what you need to setup and prepare for a smooth tax season.
Business LLCs, 1120
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Business is such a vague term that doesn't really fit with the IRS formula.
If only it were that simple.
Business can be on three difference forms: a schedule C known as a Sole Proprietorship or a Limited Liability Company (LLC), they can be on a Form 1065 as a partnership or a S-corporation, and lastly they can be on a Form 1120 also know as a corporate tax return.
Now a sole proprietorship and partnerships are discussed in other sections on this website so we won't get to them here.
I will briefly be discussing LLCs, S-Corps, and C-corps.
If only it were that simple.
Business can be on three difference forms: a schedule C known as a Sole Proprietorship or a Limited Liability Company (LLC), they can be on a Form 1065 as a partnership or a S-corporation, and lastly they can be on a Form 1120 also know as a corporate tax return.
Now a sole proprietorship and partnerships are discussed in other sections on this website so we won't get to them here.
I will briefly be discussing LLCs, S-Corps, and C-corps.
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