Preparation & Planning:

• Businesses
  
  Tax preparation services for businesses include corporations (Form 1120 or 1120S), partnerships (Form 1065), and proprietorships (Form 1040, Schedule C.) Planning services can include developing strategies for planning compensation, year-end bonuses, expenditures, and managing taxable income and deductions.
  

• Individuals
  
  Tax return preparation can include all forms you need to file your federal, state, local, or out-of-state returns. We can also help you estimate your taxable income before the end of the year so you can plan for any changes needed in your withholdings or estimated tax payments. Your tax concerns are not limited to once a year filing. We are available year-round to answer your questions.
  
  We give great value to clients with complex tax returns.  More on San Francisco CPA's and preparing your income tax return.
  
  Bay Area residents are invited to request a free tax and financial planning guide.

• Not-for-Profit Organizations
  
  Our service includes preparation of federal Form 990 and California Forms 199 and CT-2. In addition, we offer assistance with preparing year-end closing entries and can advise you on matters concerning unrelated taxable income.

• Employee Benefit Plans
  
  We can prepare the annual Form 5500 for your employee benefit plan (including pension, 401(k), and health and welfare plans.) The filing deadline for Form 5500 is seven months after the plan's year-end. For a calendar year plan that deadline is July 31. An extension to file can be requested that extends the deadline by two and a half months (October 15 for a calendar year plan.) 

• Trusts
  
  The basic tax return for a trust is IRS Form 1041. Information used in preparing the trust return (and the equivalent return for California) often comes from 1099 forms received by the trust; from investment transactions summaries provided by a trustee or an asset custodian, such as a bank, trust company or brokerage firm; or from other sources. If your trust does not have a way to assemble this summary of trust activity, we can provide this service in addition to preparing the tax  return.

•  Estate Planning and Tax Services
  
  We assist clients with estate planning to reduce estate taxes through the process of a lifetime transfer plan. Our service can also include preparation of Form 706. See our step-by-step sample program schedule that shows how we can efficiently and effectively help you plan your estate.

• Payroll Tax, W-2s and 1099s
  
  Payroll services include preparation of quarterly and annual returns for employee withholding and employer taxes as well as year-end W-2, W-3 and 1099 forms. If you prepare your own returns, we can advise you about questions you may have. We can also help you evaluate the merits of using an outside payroll service.

• Sales Tax
  
  Our sales tax services can include helping you prepare monthly and quarterly returns, advising you about taxability issues and helping you respond to any sales tax audit issues that may arise.

• Business Property Tax
  
  If you are a business, you are required to file an annual business property tax return. For Santa Clara County, this return is due May 1 of each year for property owned as of the preceding December 31.

• IRS Audits and Notices
  
  An IRS examination (audit) may be a desk review where the agent requests additional information or documentation or a field review where the agent examines significantly more information. An examination starts with a written IRS request. Our service can include helping you assemble any needed information, acting as your representative before the IRS agent, researching technical issues, responding to IRS inquiries, and advising you about pertinent matters that may arise during the examination. (More on surviving an IRS Audit...)

• Tax Planning
  
  Tax planning typically takes two forms. First, we can project your year-end tax liability based on expected annual income and deductions or based on "what if" scenarios for income and deductions. Using this information, we can advise you about how to adjust, if necessary, your estimated income tax payments or your wage withholdings. Second, we can advise you about the taxability or deductibility of transactions that you may be considering, but have not yet completed. For example, the purchase or sale of investments, a home, business, or tangible property has tax implications. We can advise you about the taxability of these matters so you can make informed decisions.

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