Partnership & Corporate Tax Preparation
Our primary focus is on tax preparation of forms 1065 and 1120. Our first step is obtaining the financial statements or a login to the accounting software. Before we start the preparation in our tax software, we first thoroughly review the financial statements and make inquiries. There are usually adjusting journal entries that need to be made to bring the books up to speed. We discuss these with you and then begin the preparation process in our tax software. Each return goes through a two-step preparation and review process. The detailed preparation process involves converting the financials into a tax return. The review process gives us a chance to test for reasonableness, compare to industry averages and evaluate the current year return vs. prior year returns. When the return is ready to be filed, we send you a copy to review and an electronic 8879 form to authorize us to e-file the return on your behalf.
We also handle the state tax returns as part of this process. Most clients will only be required to file a Texas Franchise return, but others may need to file 40+ state returns. We will discuss filing requirements with you based on physical or economic nexus issues. We’ll also discuss different filing options including possibly filing composite returns to avoid filing requirements for all K1 recipients.
"Dave continuously exceeds our expectations on level of knowledge, professionalism, and responsiveness. As a startup we have limited resources to tackle, what seems like unlimited tasks, Dave has been instrumental being a team member to help take us to the next level. Without question, I’d recommend Dave to anyone within my network; overall he’s a great guy and pleasure to work with."
"I’ve been working with David to serve our mutual clients for several years now. As a corporate, securities, and tax attorney, it’s critical that my clients have skilled, diligent, and personable tax advisors and CPAs, not only skilled and knowledgeable with tax matters, but also business matters. David has consistently provided practical, cutting edge advice regarding both general and complex tax and business matters. He is a pleasure to work with and I highly recommend him and his team for your professional tax services."
"David is an experienced professional who has consistently gone above and beyond to meet our needs. Being a startup, it’s hard to find business service providers that are can move fast and be flexibly. David is there when we need him and always delivers. He has been a pleasure to work with and we highly recommend him to meet your accounting and tax prep needs."
508 W 12th Street
Austin, TX 78701