One of our specialties here at AA Tax & Accounting Services is our tax preparation services. From the initial information gathering, through the preparation, processing, then filing of your tax return, our firm takes care of every step with meticulous care.
Our tax preparation services include not only individual tax preparation services but also business taxes. We have worked with businesses and individuals in Cedar City, St George, and others throughout the Southern Utah area.
AA Tax & Accounting Services, LLC, is a full-service accounting firm. We offer our tax preparation service on its own or as part of our other accounting services.
Types Of Tax Returns Our Firm Prepares
Our accountant, Adrian D. Anderson, has over a decade of tax preparation experience and a master’s degree in accounting. Along with our staff, he can handle a range of individual and business tax returns. The specific types of tax return our firm prepares are:
- Individual Tax Returns
- Schedule C for Small Business Tax Returns
- Sole Proprietorship Tax Returns for Entrepreneurs
- Limited Liability Company Tax Returns
- Partnership Tax Returns
- S Corporation Tax Returns
- Corporation Tax Returns
- Tax Returns for Nonprofits, including 990, 990-EZ and 990-N
- Restaurant Tax Returns
- Schedule E for Rental Income Tax Returns
- Sales Tax Returns
- Estate Tax Returns
- Trust Tax Returns
- Fuel Tax Returns
- IFTA Tax Returns for International Fuel Tax Agreements
To see what our accounting firm can offer you in each of these categories, we have developed an overview of each of our tax preparation services.
Individual Tax Returns
Some individuals have simple tax returns which require little in the way of preparation. However, as we age, there is a higher likelihood that you will need the help of our accountant to prepare your taxes appropriately. Some instances where our firm can help are:
- Asset assessment – From income drawn from retirement accounts to an inheritance received, there are many kinds of financial assets which can affect your tax return. We can help you assess your tax liability on any and all financial assets which can affect your tax return.
- Status change – Whether you have recently been married, divorced, widowed, had children born, become disabled or other circumstances, these life-changing developments can have a significant effect on your tax preparations. Our firm can help you determine exactly how these changes affect your taxes.
Schedule C for Small Business Tax Returns
Filing a Schedule C as a small business can be tricky. If you are a sole proprietorship or a one-person limited liability company (LLC), you will need to fill out an IRS Schedule C.
Some small business can easily fill out a Schedule C-EZ, but if you meet any of these following conditions, you may need our accountant’s help:
- If you hold inventory from your business over the year.
- When business expenses are over $5,000.
- If you want to claim a deduction for a home office.
- To report something besides a net profit.
- When you have employees.
Sole Proprietorship Tax Returns for Entrepreneurs
Our accountants have worked with many individuals who need tax preparation assistance when filing sole proprietor tax returns. While it is one thing to know you need to file a Schedule C, it is another to know just what kinds of information is required.
Our accountant will help you determine exactly what self-employment taxes you will need to pay and what deductions your sole proprietorship is eligible to receive.
Limited Liability Company Tax Returns
When small businesses file as an LLC for the first time, many are surprised that their LLC is only recognized on the state-level. Our accountant can help you determine how you file at the federal level. He can also prepare and file the Schedule C for your LLC.
Partnership Tax Returns
Partnership business tax return can be complicated as they directly impact your personal tax return. Our accountant can help properly file your information return as well as other forms like the Form K-1. He can also negotiate how your personal taxes will work with the income drawn from your partnership business.
S Corporation Tax Returns
S-Corporations tend to have their tax filings closely scrutinized by the IRS some S-corporations have tried to hide their income by claiming too small of an income from their profitable business. To protect yourself and your business, it is important to work with an accounting firm like ours, which stands behind its clients. Should your S-corporation be audited after we have prepared and filed your taxes, we offer tax resolution services.
Corporation Tax Returns
There are many moving parts when it comes to a corporate-structured business. Due to this, it can be next to impossible to handle without an accountant.
By outsourcing your tax preparation and filing needs to our firm, you can be assured that we will be able to handle your corporate tax return more affordably than an in-house accountant and without any mixed loyalties.
Tax Returns for NonProfits, including 990, 990-EZ and 990-N
Even though nonprofits do not have to pay taxes, they do need to file yearly tax returns. Having transparent and correct tax returns can be a vital part of a nonprofit. Whether a religious nonprofit, private foundation, public nonprofit or more, we can help nonprofits retain their non-taxable status.
Restaurant Tax Returns
Some restaurants may have some of their taxes exempted or added to due to how their county taxes restaurants. We can help you determine what exemptions you qualify for and how to properly have your restaurant taxes filed.
Schedule E for Rental Income Tax Returns
Filing a Schedule E accurately to report the income and/or loss from your rental property can be exponentially more difficult as the number of rentals you own increases. Our accountant can help you balance your rental income with any other income streams you need to report.
Sales Tax Returns
Depending on your revenue stream from your business sales, you will fall under a specific filing status. This status will affect when you need to file. Our accountant can help you determine how often you will be required to file. Also, accurately filing your business’ sales tax liability is something our accountant do for you.
Estate Tax Returns
An estate tax return is time-sensitive and is generally due nine months after the official date of death. If there are complications, we can help you file for an extension as our accountant prepares and files your estate tax return.
Trust Tax Returns
Our accountant can help calculate the tax liability of a trust, then prepare and file an accurate tax return Form 1041. Along with assisting with filing the Form 1041, our accountant can help the recipient(s) file their personal taxes.
Fuel Tax Returns
There are two basic fuel tax returns, the TC-109 for licensed fuel carriers and the TC-116 for non-licensed carriers. Our accountant can help you make the fuel tax return process smooth, as he has helped many others file the appropriate fuel tax form.
All-Inclusive Tax Preparation: Bookkeeping And Tax Returns
As our accounting services extend to bookkeeping services, we are able to offer tax returns as part of our bookkeeping services. So, instead of hiring us only for the tax season, we can keep watch over the financial side of your business year-round.
When you utilize our professional bookkeeping services, we will handle:
- Accounts receivable
- Accounts payable
- All bills
- Financial report creation
- Income payments
- Operating cost
- Tax filing
Should you not utilize our bookkeeping service, you can still work with our accounting firm to file your tax return. You can provide your information via mail, fax, email, or in-person at our Cedar City or St George, Utah office. We will prepare your tax return, review it with you, and file it through our secure e-filing system. Our e-filing of your tax return is free-of-charge.
Tax Resolution Services
If you are being audited by the IRS, our accountant can help resolve any issues which caused the audit and work with you to clear things up with both state and federal entities.
Should your audit be a result of an error on our part when filing your tax return/report, we will provide our tax resolutions services to you for free.
Areas Beyond Cedar City, Utah, Served By AA Tax & Accounting
Based in Cedar City, with a secondary location in St George, Utah, AA Tax & Accounting serves many other Southern Utah areas. Our tax preparation services extend to:
- Santa Clara
- La Verkin
If you are located in or near any of these areas, our accounting firm can extend our tax preparation services to you. Contact us today to arrange an appointment to work with us and feel assured that your taxes will be properly handled.