The first thing is to Schedule a Consultation. During that call we will let you know exactly what we need from you to get started with your services. Common documents needed are: Articles of Organization/Incorporation, EIN Number, Business Bank Statements, Loans Statements/Balances & any financial statements.
For individuals: Federal income taxes are generally due by April 15, unless it falls on a weekend or holiday.
For businesses: Partnership and S-corporation returns are due by March 15, while C-corporation returns are due by April 15. Extensions are available for all types of returns.
You’ll typically need W-2s, 1099s, mortgage statements, proof of deductions (like receipts or donation records), and any other relevant financial documents.
Yes! Ordinary and necessary expenses related to your business operations, such as office supplies, travel, and marketing, may be deductible.
If you can’t pay in full, file your return on time to avoid late filing penalties. The IRS offers installment plans and other payment options.
We have over 3 years experience working with service-based small businesses. Our clients range from: Real Estate Agents, General Contractors, Beauty Saloons and more +
Working with an experienced bookkeeper is important so that you get clear financial reports and know exactly where your money is coming from and where it’s going. Running a small business can be challenging, and when you add the stress of running payroll, categorizing expenses and preparing for tax time, the anxiety can be overwhelming. Quality bookkeeping can help you improve your profits, and save you time so that you focus on what truly moves you: your services or products!
Besides it being a requirement for small businesses per IRS (Pub. 583) Monthly Bookkeeping comes with many benefits including: Making better financial business decisions, discovering discrepancies, avoiding underreporting, overreporting, avoiding penalties, etc.
Absolutely! We are currently serving clients all over the US. We provide all our services remotely using several secure cloud-based platforms. We are based in Arizona but can provide service to anyone in the country.
Our Founder Diego is experienced in the tax & accounting field. His experience comes obtaining a few degrees in the accounting field and becoming an Enrolled Agent (The highest credential awarded by the IRS), he is also a Quickbooks Online ProAdvisor. Precise Accounting is also known in the industry for going above and beyond for their clients.
Most individuals and businesses with income are required to file a tax return. Specific filing requirements depend on factors like income level, filing status, and age.
Keep organized records, report all income, and consult with a professional to ensure accuracy and compliance.
Keep detailed records of deductions and credits, contribute to retirement accounts, and work with a professional to identify all eligible tax benefits.
As member of the QuickBooks Online ProAdvisor Program, we exclusively use QuickBooks Online to handle all your business bookkeeping needs. Don’t have a subscription? No worries – we can offer a discounted subscription rate!
An enrolled agent (EA) is a federally licensed tax professional with the highest credential awarded by the IRS. Becoming an EA requires passing a rigorous three-part exam covering all aspects of federal tax law and representation. EAs are experts in taxation and are authorized to represent taxpayers before the IRS for audits, collections, and appeals.
If you’re self-employed or your income isn’t subject to withholding (like investments or rental income), you may need to pay quarterly estimated taxes to avoid penalties.
We welcome your inquiries and are here to assist you with all your accounting and tax needs. Please fill out the form below, and we will get back to you promptly.
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