Sole Proprietors & Schedule C
Tax preparation for self-employed individuals and sole proprietors reporting business income and expenses on Schedule C as part of the individual tax return.
Business Tax Preparation
Business Tax Preparation Services for Small Businesses
Prepare your business tax return with a clear, organized process and professional CPA support. Camberos Accounting & Advisory works with small businesses and business owners to organize tax information, review the financial records supporting the return, resolve open questions, and prepare applicable federal and state filings.
✓ California-Licensed CPA
✓ Small-Business Tax Focus
✓ Secure Remote Service
More Than Completing Tax Forms
Business tax preparation starts with reliable financial information.
A business tax return depends on the quality of the financial information behind it.
Income, expenses, payroll, fixed assets, owner activity, balance sheet accounts, and other business information may all affect the return depending on the entity and facts involved.
When the books are current and organized, tax preparation is usually more efficient and easier to support. When records are incomplete or inconsistent, additional questions or bookkeeping cleanup may be needed before the return can be completed.
The goal is not simply to file a return. The goal is to prepare the required filings based on reliable information and the applicable tax rules.
Business Tax Filings
Tax preparation support for common small-business structures.
The specific return depends on how your business is structured and the filing requirements that apply.
S Corporations
Preparation of Form 1120-S and related shareholder reporting based on the company’s financial records and tax information.
Partnerships
Preparation of Form 1065 and related partner reporting for eligible partnership engagements.
Other Small-Business Filings
Additional business filings may be available depending on the entity, state filing requirements, complexity, and scope of the engagement.
Business Tax Preparation Scope
A structured process for preparing the business return.
Review Business Financial Information
Review the trial balance, financial statements, bookkeeping records, or other agreed financial information supporting the tax return.
Identify Open Items
Identify missing information, unusual balances, significant changes, or tax items requiring clarification before preparation is completed.
Tax Adjustments & Return Preparation
Prepare applicable tax adjustments and the federal business return based on the records and information provided.
State Tax Filings
Prepare applicable state business income or franchise tax filings included in the engagement.
Owner & Shareholder Reporting
Prepare applicable Schedule K-1s or other owner reporting where required by the entity structure.
Electronic Filing
Obtain required authorizations and electronically file eligible returns after client review and approval.
Bookkeeping and Taxes Work Together
Organized books can make business tax preparation more efficient.
Business tax preparation often begins with the accounting records. Reconciled accounts and organized financial information can reduce last-minute cleanup, make unusual items easier to identify, and provide clearer support for income and deductions reported on the return.
If the bookkeeping is significantly behind, unreconciled, or difficult to rely on, cleanup or catch-up work may be recommended before the business tax return is prepared.
Bookkeeping Services
Keep your financial records organized throughout the year.
Explore recurring bookkeeping support for small and midsize businesses.
Bookkeeping Cleanup & Catch-Up Get overdue or unreliable books ready for tax preparation.Cleanup services can help establish a more reliable starting point before preparing the business return.
Prepare the Return. Plan Ahead.
Filing the return and planning for taxes are different services.
Business Tax Preparation
Tax preparation focuses primarily on reporting completed business activity and preparing the required returns after the tax year has ended.
Business Tax Planning
Tax planning looks forward. It uses current financial information and expected business activity to evaluate tax consequences and potential planning opportunities before important deadlines.
For business owners, the strongest tax process often combines reliable bookkeeping, accurate tax preparation, and proactive planning throughout the year.
Learn About Tax Planning →
Business Tax Considerations
Business returns can involve more than revenue and expenses.
Depending on the entity and facts of the engagement, business tax preparation may involve areas such as:
- Owner compensation and distributions
- Business-use assets and depreciation
- Vehicle and equipment purchases
- Payroll-related information
- Shareholder or partner activity
- Business loans and liabilities
- Retirement plan contributions
- Estimated tax considerations
- State filing requirements
- Changes in ownership or business activity
The exact issues addressed depend on the business and return being prepared.
A Structured Business Tax Process
From accounting records to a completed business return.
1
Understand the Business
We identify the entity structure, required returns, business activity, major changes during the year, and other relevant tax considerations.
2
Gather Tax & Accounting Information
You securely provide the requested tax documents, financial information, prior-year returns, and other records needed for preparation.
3
Review the Books & Open Items
The financial information is reviewed for tax preparation purposes and questions are raised when items are incomplete, unusual, or unclear.
4
Prepare the Business Return
The applicable federal and state returns are prepared based on the information and documentation available.
5
Review & Authorize Filing
You review the completed return, key filing information is discussed, and required electronic filing authorizations are obtained.
6
File the Return
Eligible returns are electronically filed once the required approvals and authorizations are received.
Professional Business Tax Support
Business tax preparation with CPA oversight.
Camberos Accounting & Advisory approaches business tax preparation with an emphasis on accurate reporting, organized documentation, and clear communication.
Tax positions are based on the information provided, applicable tax rules, and the facts and circumstances of the business.
When information is incomplete or something does not appear consistent with the underlying records, additional questions or documentation may be requested before the return is finalized.
The objective is to prepare a supportable return while helping business owners understand the important tax information connected to their business.
California-Licensed CPA
English & Spanish
Small-Business Focused
Secure Remote Process
California Based. Remote Service.
Business tax preparation for clients locally and remotely.
Camberos Accounting & Advisory is based in Antioch, California and provides remote business tax preparation services where permitted.
Tax documents, accounting information, organizers, signatures, meetings, and other engagement steps can generally be handled through secure digital systems.
For businesses with filing obligations in multiple states, the applicable filing requirements can be evaluated as part of the engagement.
Connected Business Services
Business tax preparation works best with reliable financial information.
Frequently Asked Questions
Common questions about business tax preparation.
What types of business tax returns do you prepare?
Business tax preparation may include Schedule C sole proprietor activity, S corporation returns, partnership returns, and other small-business filings depending on the entity, complexity, and scope of the engagement.
Can you prepare my business return if you do not do my bookkeeping?
Yes. Bookkeeping and tax preparation can be separate services. However, the accounting records must be sufficiently complete and reliable to support preparation of the tax return.
What if my bookkeeping is not ready?
If the books contain significant unresolved issues, cleanup or catch-up work may be recommended before the business tax return can be completed.
Do you prepare S corporation returns?
Yes. S corporation tax preparation may include Form 1120-S, applicable state returns, and shareholder reporting based on the engagement scope.
Do you prepare partnership tax returns?
Partnership tax preparation may be available depending on the complexity and circumstances of the engagement.
Can you help with Schedule C business income?
Yes. Schedule C activity can be prepared as part of an individual income tax return for eligible self-employed clients.
Will you review every transaction in my general ledger?
Tax preparation is not an audit or financial statement examination. The records may be reviewed for tax-preparation purposes, and follow-up questions may be asked when information appears incomplete, inconsistent, unusual, or otherwise requires clarification.
Will you ask for receipts or supporting documents?
Tax preparation generally relies on information provided by the client, but supporting documentation may be requested when an item requires clarification or when additional support is needed to prepare the return appropriately.
Do you provide tax planning for businesses?
Yes. Business tax planning is available as a separate service and can be especially useful when current financial information is available before year-end.
Can you prepare business returns remotely?
Yes. The process can generally be completed remotely using secure systems for accounting records, tax documents, communication, signatures, and return delivery.
Do you prepare returns for businesses outside California?
Potentially. Remote business tax preparation is available where permitted, subject to the states, filing requirements, and complexity involved.
How much does business tax preparation cost?
Fees depend on the entity type, complexity, number of states, quality of the accounting records, additional schedules required, and other engagement factors. You receive the scope and fee before tax preparation begins.
Does tax preparation include IRS or state audit representation?
No. Tax preparation does not automatically include examination, audit, notice, or collection representation. Those services, when available, require a separate engagement.
Get Your Business Return Prepared
Start with a conversation about your business tax filing needs.
Whether your business is structured as a sole proprietorship, S corporation, partnership, or another entity, the first step is understanding the returns involved, the condition of the accounting records, and the information needed to prepare the filings accurately.