Tax Preparation Services - Book Keeping & Tax Planing

Testimonial from one of our clients who are benefit from Tax Preparation Services:

Client: Mark, Owner of Elite Auto Repairs – A small auto repair shop

Annual Revenue: $250,000

Challenge: High tax liability, missed deductions, and tax season stress

Before Implementing Tax Preparation Services:

Mark had been using basic bookkeeping services to manage day-to-day business finances, but tax season was a major pain point every year.
He usually filed taxes at the last minute, leading to stress and costly mistakes.
Mark overlooked key business deductions for tools, supplies, and employee training — leading to an overpayment of around $5,000 annually.
Late filings resulted in IRS penalties and interest charges, adding extra costs and stress.
Without a clear understanding of his tax liability, Mark struggled to plan for major business expenses.

Solution:

Mark decided to upgrade his bookkeeping service by adding tax preparation for $1,299/year. The tax preparation service included:

Organized year-end tax documentation
Filing of business tax returns (state and federal)
Review of eligible deductions and tax credits
Compliance checks to avoid penalties and audits
Quarterly tax projections and payment guidance

After Implementing Tax Preparation Services:

Mark’s tax preparer identified $15,000 in deductible expenses (including new tools, repair supplies, and business-related travel).
His business tax filing was submitted on time without errors, avoiding penalties and interest charges.
Mark’s effective tax rate dropped by 4% due to better expense tracking and strategic filing.
His tax liability decreased by $4,000 in the first year.
Quarterly tax payments were scheduled in advance, improving cash flow consistency and eliminating tax season surprises.
Mark felt more confident knowing that his taxes were compliant and optimized for savings.

Result:

How Tax Preparation Can Help Your Business

If tax season leaves you feeling overwhelmed and overpaying, tax preparation can help you save time and money. By combining tax preparation with your bookkeeping services, you can reduce your tax burden, avoid penalties, and keep more of your hard-earned money.