S Corporation Tax Services
1. S Corporation Tax Preparation
Accurate and timely filing of your S Corporation tax returns is essential for maintaining compliance and minimizing tax liabilities. LYNTAX Group handles all aspects of S Corporation tax preparation, ensuring your business meets all federal, state, and local requirements. We make sure your tax filings reflect the best interests of your business, its shareholders, and its future growth.
- Form 1120S: U.S. Income Tax Return for an S Corporation
- Shareholder Allocation of Income, Deductions, and Credits
- State and Local Tax Filings
- S Corporation Compliance Requirements
2. S Corporation Tax Planning
Proactive tax planning is key to minimizing your tax obligations and maximizing the financial success of your S Corporation. LYNTAX Group works closely with you to develop tax strategies that align with your goals, helping you manage business income, deductions, and shareholder distributions in the most tax-efficient way.
- Optimizing Distributions to Shareholders
- Salary vs. Distribution Planning for Shareholders
- Deductions for Business Expenses
- Minimizing Self-Employment Taxes
- Retirement and Health Benefits Planning
- Tax-Advantaged Strategies for Growth and Profitability
3. S Corporation Election Assistance
Navigating the process of electing S Corporation status can be complex, but LYNTAX Group is here to simplify it for you. If you’re considering converting your business to an S Corporation, our team will walk you through the election process, ensuring all necessary documentation is filed correctly and on time.
- Filing IRS Form 2553: Election by a Small Business Corporation
- Determining S Corporation Eligibility
- Impact of Election on Existing Business Structure
- Long-Term Considerations for S Corporation Status
4. S Corporation Compliance & Reporting
Maintaining S Corporation status requires careful adherence to tax laws and regulations. LYNTAX Group provides ongoing support to ensure your business stays in compliance with all tax reporting requirements, including maintaining accurate shareholder records, filing necessary reports, and managing distributions.
- Shareholder Reporting and Allocation
- Maintaining Corporate Formalities
- Annual S Corporation Reporting and Filings
- Audit Support and Assistance
Why Choose LYNTAX Group for S Corporation Tax Services?
Expertise in S Corporation Taxes
With years of experience working with S Corporations, LYNTAX Group understands the intricacies of this business structure. Our knowledge allows us to provide strategic advice and hands-on support tailored to your specific business needs.
Comprehensive Tax Services
We offer a full range of services designed to help your S Corporation thrive, from tax preparation and planning to ongoing compliance support. Our goal is to ensure your business benefits from tax strategies that promote long-term success.
Personalized Attention
At LYNTAX Group, we understand that every S Corporation has its own set of goals and challenges. We take the time to learn about your business and offer customized tax solutions that best serve your needs.
Proactive Tax Planning
We don’t wait until tax season to address your tax issues. Our team works with you year-round to implement tax-saving strategies and avoid surprises at tax time. We help you stay ahead of the game.
Let Us Help You Maximize Your S Corporation’s Tax Efficiency
Managing an S Corporation’s taxes can be complex, but LYNTAX Group is here to simplify the process. Our expert team will help you navigate the intricacies of S Corporation tax preparation, planning, and compliance, ensuring your business stays on track for financial success.
Contact Us Today for a Consultation
Phone: (617) 468-8177
Email: info@lyntaxgroup.com