Business Tax Services

Our taxation services are provided to a broad spectrum of businesses, generally managing people internationally. This can be from start-ups through to household names. We know that there is no one size that fits all for every business. Letting the pressure off our clients is why we find a way to offer personalized support that is appropriate for the various business types and sectors.

Below are some of our core business tax services:

LLC Taxation

As many find it difficult to comprehend how does the tax works on LLC, we are here to simplify it. However, limited liability companies have different tax treatment and they can be separately varying. The tax structure of an LLC varies depending on how it is set up:

• Sole proprietorship,
• Partnership, or
• Corporation.

Some of the services we provide for LLC taxation include:

• We can help you determine the appropriate tax classification for the LLC.
• State and Federal Preparation of Tax Returns
• Customized tax planning support to maximize deductions.

Taxation of Corporations & Partnerships

Tax requirements are unique for each Corporation and Partnership. We take pride in providing guidance based on the legislation in each case based on corporate or member numbers.

• Preparation of Form 1120 and Form 1120S, the corporate tax returns
• Multi-member entity commercial tax returns (Form 1065)
• Strategies to save on taxes, such as deferring income or pulling expenses into the current year.

Forensic Accounting for Business

Even the safest of establishments may encounter suspected fraud, shareholder disputes and any financial irregularities. If there is a need to analyze financial records, then our forensic accounting services would be perfect:

• We dig deep into your book-keeping records.
• We help you make sense of these irregularities.
• From a financial expertise perspective we support legal matters.

Quarterly Estimated Taxes

To prevent surprises when the taxation year rolls around, businesses must make quarterly estimated tax payments. We value our timeliness industry and ship our professional services according to the particular company need only.

• We compute quarterly tax estimates correctly.
• We also constantly remind our clients of due dates.
• We handle the changes to the estimates should the income change during the year.

Property Accounting

To manage business property means much more than simply turning on the lights. Good property accounting is essential for the right tax deductions and credits. From office space, factories or rental properties, Our proven experience in the field, allows us to tailor our service for your property accounting needs.

• We handle the records and handle income and expense pertaining to properties
• Extensive depreciation calculations go a long way towards maximizing tax benefits.
• We offer expertise on property purchases and sales.

Non-Profit Accounting

Unlike for-profit businesses, nonprofits benefit from unique tax considerations and compliance requirements. We are very good with Non-profits issues and can help you professionally ensuring the non-profit retains its tax-exempt classification while getting the most from their resources:

• Form 990 Preparation, a requirement for tax-exempt organizations
• Help with charitable registration and state compliance.
• Financial Planning for Long-Term Viability

Helping business owners save money and be compliant is what we love to do! Here are some tips we frequently share with our clients:

• Accurate Records: Good bookkeeping is the same idea for effective tax planning. The use of accounting software will help you accurately keep track of income and expenditure and store all receipts that can help prove the deductions.
• Deductions: Businesses have many write offs available to them — from office supplies to business trips. We help discover which deductions apply, and ensure they are taken.
• Plan for Major Purchases: If you plan to make a major purchase for your business, timing is everything. Based on the financial landscape, it may make more sense to purchase at the end of the year to be able to take deductions faster.
• Stay on Top of Estimated Taxes: Don’t fall behind on your quarterly payments. It prevents you from being penalized and softens the blow of a large tax bill in April.

• 30 Years of Experience: For over 30 years, we have been helping businesses across South Jersey, and beyond. We have seen it all through our experience therefore we know how to help businesses in diverse industries.
• Customized Solutions: We understand that no two businesses are the same. You have needs, and we know how to help — we deliver tax solutions that are tailored to your specific circumstances.
• Year-Round Support: We don’t believe taxes are just a once-a-year issue. Throughout the year, you can find ongoing support—whether you have questions about estimated payments, deductions or how changes in tax law might impact you.
• Relatable and Transparent Advice: We believe in breaking down complex tax jargon into plain English. You will never feel lost or overwhelmed when discussing your taxes with us.

At Wasserman CPA we are more than just your tax preparers, we are your trusted advisors. Whether you require assistance with LLC taxation, quarterly taxes, or forensic accounting, our professional team is here to help you out.

Get in touch with us today to arrange an appointment and discover how our viable options of business tax services can serve your purpose. Let’s transform tax time from a headache to a growth opportunity — together!