Business services
Business tax preparation in Woodside, NY
Form 1120-S, Form 1120, Form 1065 and the New York State and New York City returns that go with them — prepared from your books, reviewed by a CPA, and e-filed before the deadline rather than on it.
✓ Federal, NYS and NYC filings✓ Fixed fee agreed up front✓ K-1s to owners with the return
Most of the business returns that come through this office arrive one of two ways. Either the books are clean and the return is a matter of getting the elections and the state allocations right, or the books are a shoebox and the real work is reconstructing a year before anyone can file anything. We do both, and we tell you which one you have before we quote you.
What we will not do is file something we have not looked at. Every return is prepared by a preparer, reviewed line by line by a CPA, and compared against the prior year before it is transmitted. If a number moved more than we would expect, we ask you why before the IRS does.
The returns we file most
Woodside and Sunnyside are small-business neighborhoods: restaurants, contractors, medical and dental practices, salons, bodegas, freight and car services, and a long tail of consultants who incorporated last year and are not sure what they signed up for.
Form 1120-S — S corporations
Including the reasonable-compensation analysis, the basis schedule, and the K-1 each shareholder needs before filing personally.
Form 1065 — partnerships and multi-member LLCs
Operating-agreement allocations, guaranteed payments, capital accounts kept on the correct basis, and Schedules K-2 and K-3 where foreign partners or foreign income are in play.
Form 1120 — C corporations
Less common at this size, but the right answer more often than founders expect once fringe benefits or retained earnings enter the picture.
Schedule C — sole proprietors and single-member LLCs
Filed with the personal return, but priced and worked as a business engagement because that is what it is.
New York State and New York City
CT-3, CT-3-S, IT-204, the NYC General Corporation and Business Corporation taxes, the Unincorporated Business Tax, and the MTA surcharge that catches out every accountant from outside the metro area.
The pass-through entity tax election
New York's PTET is still money left on the table by a lot of small S corps. We run the numbers each year rather than assuming last year's answer still holds.
What we need from you
The faster this arrives the cheaper the engagement is, and we will tell you honestly when your bookkeeping is costing you more in preparation fees than a bookkeeper would cost.
A trial balance or a QuickBooks file
Whatever you have. If you do not have one, say so — reconstruction is a service, not a failing.
Bank and credit card statements for the year
All accounts the business touched, including the personal card everyone swears they only used twice.
Payroll reports
The four 941s, the NYS-45s, and the W-2 and W-3 totals.
Fixed asset purchases
Anything bought over about a thousand dollars, with the invoice, so we can make the Section 179 and bonus-depreciation call properly.
Loan documents and closing statements
For anything financed, refinanced, bought or sold during the year.
Last year's return
If we did not prepare it. We read it — carryforwards and elections live there.
Deadlines we work to
We ask for complete records four weeks before the deadline. Files that arrive later are extended rather than rushed, because a rushed return is how carryforwards get dropped and elections get missed.
March 15
S corporations and partnerships, calendar year. Extended to September 15.
April 15
C corporations and individuals. Extended to October 15.
Quarterly
Federal and New York estimated payments, which we calculate with the return rather than leaving you to guess.
Typical fees
Quoted in writing before any work starts. Books in reasonable order; reconstruction is quoted separately.
| Schedule C sole proprietor Filed with the personal return, one business |
from $450 |
| Single-member LLC Schedule C plus the state filings |
from $550 |
| S corporation — Form 1120-S Federal, NYS, NYC, K-1s to shareholders |
from $1,150 |
| Partnership — Form 1065 Federal, NYS, NYC, K-1s to partners |
from $1,250 |
| C corporation — Form 1120 Federal, NYS, NYC and MTA surcharge |
from $1,450 |
| Prior-year or amended business return Per year, per entity |
from $850 |
General information, current for the 2026 filing season and not a substitute for advice on your own facts. Tax law changes, and the answer for your situation may differ. Speak to us before acting on anything you read here.
Questions
Business Tax Returns — the questions we are asked most
When is my S corporation return due?
March 15 for a calendar-year S corporation, with an automatic six-month extension to September 15 if we file Form 7004. The extension moves the filing date, not the payment date, so any tax the shareholders owe personally is still due April 15.
My books are a mess. Will you still take the engagement?
Yes, and you are not the first. We quote the cleanup separately from the return so you can see what each part costs. In most cases the cleanup pays for itself the following year because the return gets cheaper.
Do I have to pay myself a salary from my S corporation?
If you work in the business, yes — the IRS expects reasonable compensation on a W-2 before distributions. Under-paying yourself is one of the most reliably audited positions in small-business tax, and we will tell you where your number sits relative to what is defensible.
Should my LLC elect S corporation status?
Sometimes. It saves self-employment tax once profit is comfortably above what you would have to pay yourself as salary, and it costs you a payroll filing every quarter and a separate return every year. We run the break-even for your actual numbers rather than quoting a rule of thumb.
Can you file in states other than New York?
Yes. Multi-state allocation and nexus questions come up constantly with contractors and consultants working across the Hudson, and we handle New Jersey and Connecticut routinely.
Related
Often needed alongside this
Business
Small Business Accounting
A finance department for a business too small to hire one: monthly closes, management reporting, and a CPA on the phone when a decision needs one.
Business
Bookkeeping
Clean, reconciled, current books — kept monthly by people who know what the year-end return will need from them.
Business
Payroll
Payroll run, filed and paid on time — federal, New York State and New York City — with the quarterly forms handled as part of it.
The first conversation is free
Talk to a CPA before you decide anything
Twenty minutes on the phone or across a desk on Roosevelt Avenue. Bring last year's return if you have one — most of what we need in order to quote you is already in it.