Business Tax Preparation
Please bring the following to your appointment:
- QuickBooks File (Portable or Backup)
- Profit & Loss Statement and Balance Sheet in Cash Basis
- List of all assets purchased in the prior year over $2500 with purchase price and date purchased
- Year End Payroll Records if you use a payroll service other than DaleTax
Basic Income and Expense Report.pdf
Download File
Quarterly and Annual services offered
You’re a business owner and you’re passionate about what you do. Don’t let filing your business/corporate taxes get you down. At DaleTax, we take the pain out of your business taxes by preparing your quarterly and annual business tax returns for you, thus letting you focus on doing what you love to do. We’ll make sure you get all the deductions you deserve so that your business taxes are as low as possible.
Don’t Forget Your Quarterly Taxes!
Q1 January 1 – March 31: Due April 30
Q2 April 1 – June 30: Due July 31
Q3 July 1 – September 30: Due October 31
Q4 October 1 – December 31: Due January 31
If you have 1099’s that need to be filed, please be aware that they are due out to your subcontactors by January 31. DaleTax can prepare 1099 forms at a cost of $10 per form. Price includes IRS filings and mailing.
Year-End Taxes
1120 Corporation April 15, or October 15 with extension
1120S S-Corporation March 15, or September 15 with extension
1065 Partnership March 15, or September 15 with extension
*if deadline falls on a weekend then the due date will be the following business day
The DOs and DON’Ts of Business Accounting
DOs
- Keep track of all income received
- Have all subcontractors fill out W-9’s before paying them
- Issue 1099’s for all subcontractors paid $600 or more during a calendar year
- Use a bank that returns check images WITH the statement
- Keep all Bank Statements and business credit card statements
- Keep monthly bookkeeping records
- Pay yourself a fair wage subject to self-employment tax during a calendar year (S-Corporations only)
- Obtain a business license in the city in which you operate your business
- Keep all receipts for purchases
- Keep an accurate mileage log for all business miles
- Transfer money from your business account to your personal account for your personal expenses
- Pay your $15 renewal fee with the Department of Commerce every year
DON’Ts
- Don’t take the family to Hawaii as a business expense
- Don’t Purchase vehicles in the business name that are not more than 50% business use.
- Don’t buy personal items out of the business checking account
- Don’t pay for everyday living expenses directly out of the business checking account.
- Never pay your mortgage out of the business account.
- Don’t ignore letters you receive from the Taxing Agencies
- Don’t file your taxes late
- Don’t take money out of the ATM from your business checking
- Don’t take cash out of your deposits
- Don’t forget how important it is to meet with your accountant in January.
