
The type of business along with your financial situation will determine which entity to use for a new business. Commonly, business owners must decide if their business will become a Sole Proprietor, Partnership, C-Corporation, S-Corporation, or an LLC. Our advisors show you the tax consequences of each business entity type, potentially saving you thousands of dollars in taxes.
Our corporate specialist can then complete the corporate paperwork for your new business, check business name availability for the state you plan to incorporate the business, and obtain an EIN which is required by the IRS for every business. Proper documentation of business expenses and transactions are required by the IRS in order to take advantage of the numerous deductions available to business owners.
Proper documentation will also protect your assets in the event of a lawsuit. By utilizing the Xero bookkeeping system we will help you stay organized and efficient all year long and have the financial tools you need to make better business decisions.
Our corporate specialist can then complete the corporate paperwork for your new business, check business name availability for the state you plan to incorporate the business, and obtain an EIN which is required by the IRS for every business. Proper documentation of business expenses and transactions are required by the IRS in order to take advantage of the numerous deductions available to business owners.
Proper documentation will also protect your assets in the event of a lawsuit. By utilizing the Xero bookkeeping system we will help you stay organized and efficient all year long and have the financial tools you need to make better business decisions.
Services
About Us
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Elevation Tax and Accounting Services is a leading tax firm that specializes in tax preparation, accounting and entity formations for the individuals, private investors and small business owners in our fast pace world.
We have poised our firm as a leader in the tax preparation industry because we understand the critical need of creating a proactive, reactive client relationship.
We promote constant communication between our clients and our team of Professional Tax Advisors with the convenience of our Tax Hotline.
We have poised our firm as a leader in the tax preparation industry because we understand the critical need of creating a proactive, reactive client relationship.
We promote constant communication between our clients and our team of Professional Tax Advisors with the convenience of our Tax Hotline.
Business Structure
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Opening your own business is exciting and thrilling.
It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not.
It's up to you to maintain and stretch out the "thrill and excitement" period forever.
The first step to owning your business is making sure you have the correct tax and legal structure in place to protect your new investment.
Not all business are made the same so it's important to know what to look for when creating a new business entity.
It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not.
It's up to you to maintain and stretch out the "thrill and excitement" period forever.
The first step to owning your business is making sure you have the correct tax and legal structure in place to protect your new investment.
Not all business are made the same so it's important to know what to look for when creating a new business entity.
Bookkeeping
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As a small business owner you have more important things to do than to keep your own books.
We take care of your books for you, so you can get back to the job of running your business and generating profits.
Not only do we keep your books, but we also do it using an effective cloud based solution.
You can access your books anytime, anywhere across the globe.
Now the information you need to make the important business decisions will always been at your fingertips.
We take care of your books for you, so you can get back to the job of running your business and generating profits.
Not only do we keep your books, but we also do it using an effective cloud based solution.
You can access your books anytime, anywhere across the globe.
Now the information you need to make the important business decisions will always been at your fingertips.
Payroll Service
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When it comes to paying employees, laws and the IRS have made the payroll function a time consuming nightmare for the small business owner.
Small business owners spend an average of eight hours a month performing payroll functions.
That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.
We offer a payroll solution that meet your business's needs and enables you to spend time doing what you do best-running your company.
Small business owners spend an average of eight hours a month performing payroll functions.
That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.
We offer a payroll solution that meet your business's needs and enables you to spend time doing what you do best-running your company.
Tax Preparation
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Preparing your own income tax return can be a task that leaves you with more questions than answers.
According to a study released by the US Government's General Accounting Office, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing.
It is just too easy to overlook deductions and credits to which you are entitled.
Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.
According to a study released by the US Government's General Accounting Office, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing.
It is just too easy to overlook deductions and credits to which you are entitled.
Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.
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