“I have owned my business since 1984. My previous accountant retired and I really had no idea what to do. My late husband always handled this. I hired another accountant but that was a disaster. I am so happy I found Maris and Associates.”
- filings prepared
- 500+
- average response time
- < 24h
Business return types and what owners report on Form 1040
Partnerships file Form 1065, S corporations file Form 1120-S, and C corporations file Form 1120. A sole owner reports on Schedule C inside the 1040.
For partnerships and S corporations, we prepare the business return first and issue each owner a Schedule K-1, the statement of that owner's share of business income. We then use each K-1 for the personal returns.
Business tax filing deadlines and the S corporation election
- March returns.
You file Form 1065 or Form 1120-S by the 15th day of the third month after the tax year ends. For a calendar year, that is March 15 or the next business day.
- April returns.
A C corporation files Form 1120 by the 15th day of the fourth month after its tax year ends.
- Extensions.
We file Form 7004 for an automatic extension of time to file, and you still pay the tax by the original date.
- Washington excise returns.
The Department of Revenue assigns you a monthly, quarterly or annual filing schedule for the business and occupation (B&O) tax, a tax on gross receipts, and sales tax.
- S corporation election.
You file Form 2553 to be taxed as an S corporation, during the prior tax year or within 2 months and 15 days after the new tax year begins.
- Reasonable salary.
The IRS expects an S corporation to pay a shareholder who works in the business reasonable compensation before distributions.
As the tax accountant Everett WA owners work with all year, we track these dates and tell you in January what each one needs.
Industry accounting for Everett businesses
Construction
We set up job costing for each project and handle the tax accounting for contracts still open at year end.
Dental practices
We plan equipment depreciation and split the price across a practice's assets when you buy or sell one.
Healthcare practices
We keep your books on net collections, what you collect after insurer adjustments.
Hospitality
We manage sales tax and tip reporting for restaurants, bars and hotels.
Law firms
We reconcile your client trust accounts and keep them separate from operating funds.
Manufacturing
We cost each product, by job or by process, and check whether you qualify for the federal research credit.
Real estate
We plan your 1031 exchanges, in which you defer tax by trading one investment property for another.
Send last year's business return for a fee quote
We read the prior return and your current profit and loss statement, then quote the year in writing.
You upload files through our secure link.
Get the books ready before the return
We need a profit and loss statement and a balance sheet to file a business return.
Monthly bookkeeping.We reconcile your accounts and send you a profit and loss statement and balance sheet each month.
Catch up work.For back years, we rebuild the books first, then file the returns in order.
Payroll.We run pay, file the quarterly federal and state payroll returns, and issue W-2s at year end.
How we set fees for business returns, bookkeeping and payroll
We price each service from its own factors:
Business return.Your entity type and annual revenue.
Bookkeeping.How many accounts we reconcile and how many transactions they carry.
Payroll.Your headcount.
A sole owner's Schedule C with the books already closed is the lightest case.
These are the factors, not a quote. You approve each quote before we start, and we hold the price for the work we listed.
Tax accountant Everett WA quote for business and personal returns
Tell us your entity, your year end and whether you have finished the books. We quote the business return, the K-1s and each personal return together.
Book a call with a tax accountantWe keep what you share with us confidential.