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Small businessYour business return and your own, prepared together.
LLCs, S-corps and partnerships. The business return and the owner's personal return get done as one job, because the first one feeds the second.
Remote across the US. In English or Español.
Two returns, one set of numbers.
An S-corp or partnership return produces a K-1 that lands on your personal return. When two different firms handle those, the seam is where errors live. We prepare both, so distributions, basis and depreciation stay consistent from one to the other.
What we file
- Single-member LLC — Schedule C with your personal return.
- Multi-member LLC and partnerships — Form 1065, with K-1s to each partner.
- S-corps — Form 1120-S, with K-1s and a look at whether your salary is defensible.
- Rental and real estate — Schedule E, with depreciation carried properly year to year.
- Prior years — unfiled business returns, caught up in the right order.
The mistakes we see most
An S-corp owner paying themselves nothing. Depreciation restarted from scratch because last year's schedule was never carried forward. Personal and business spending run through one account, so nobody can prove which is which. An entity election made because someone at a barbecue said to, with no payroll set up behind it.
None of these are exotic. They are what happens when the return is prepared by whoever is available in March.
The parts that are not filing.
Most of what saves a business money happens before December.
Quarterly estimates
Planned from real numbers, so you are not financing a surprise in April.
Entity questions
Whether an S-corp election is worth it yet, and what has to be true first.
Clean books
Monthly bookkeeping so the return is built from records, not reconstruction.
Business return questions.
When is my business return due?
S-corps and partnerships are due 15 March, and the personal return that depends on them is due 15 April. That order matters: the business return produces the K-1 you need for your own filing, so a late business return makes a late personal return almost automatic. Single-member LLCs file on Schedule C with the personal return.
Should my LLC elect S-corp status?
Sometimes, and later than most people are told. The election can reduce self-employment tax once profit is consistently high enough to justify running payroll and paying for the extra return. Below that point it costs more than it saves. We look at your actual numbers rather than a rule of thumb.
What is reasonable compensation?
If you own an S-corp and work in it, the IRS expects you to pay yourself a wage that matches what the job is worth before taking distributions. Paying yourself nothing and taking everything as a distribution is one of the most reliable ways to attract attention. We set a number you can defend.
Can I write off my car, my phone, my home office?
Usually part of each, based on business use. The write-off people imagine is rarely the write-off that survives a question. We will tell you what is supportable and what records you need to keep, which is generally the part that decides it.
I have rentals inside an LLC. Where does that go?
Usually Schedule E, and the LLC does not change much by itself for a single owner. What matters is depreciation being set up right the first year and carried consistently after that. Errors here are quiet and expensive.
Do I need bookkeeping to file a business return?
You need something reliable to file from. If you have clean books, we file from those. If you have a shoebox and a bank feed, we will tell you honestly whether catch-up bookkeeping comes first.
Bring last year's return to the call.
- Fifteen minutes, free
- We look at the entity, not just the filing
- A clear price up front