Expert Business Tax Preparation Services | Lakeline Tax

Boost your revenue and achieve financial stability with our professional tax-saving advice.  Our team of experts will take care of everything for you so that you can focus on what you do best: running your business.

Your Trusted Business Tax Advisors.

Our Comprehensive Business Tax Services:

Maximize Opportunities & Minimize Risks

We offer meticulous tax preparation services, ensuring every deduction and credit is maximized to your advantage. For instance, consider the scenarios below:

Real Estate Business Owners: Lakeline Tax experts help real estate owners, operators, developers, and investors maximize their opportunities and minimize the real estate tax risks inherent in this dynamic sector. Our tax planning professionals specialize in helping real estate business owners navigate complex income tax rules, optimize entity choices (e.g. LLC or S-Corp), and utilize 1031 exchanges to defer capital gains taxes when selling properties.

Software Business Owners: For software companies, we ensure that tax credits are maximized, helping you reinvest in innovation and growth.

Startups: Lakeline Tax understands the unique challenges faced by startups. We help you structure your business for tax efficiency, utilize available credits, and plan for scalability.

Entity Selection and Structure: Make informed decisions on entity selection, whether it’s an S-Corp, C-Corp, or LLC. We tailor solutions to your unique needs and long-term goals, ensuring the most tax-efficient structure for your business.

Tax Planning and Strategies: Craft a tax strategy that not only reduces current liabilities but also sets the foundation for future financial growth. We provide strategic tax planning that considers your industry, financial goals, and potential risks.

IRS Audit Representation: In times of IRS audits, our Enrolled Agents stand by your side, providing expert representation and guidance. We handle communication with the IRS, ensuring compliance and minimizing disruptions to your business.

Audit Defense Services: Protect your business with our audit defense services, ensuring you have a knowledgeable ally during audits. Our Enrolled Agents have successfully defended businesses against IRS scrutiny, saving them from costly penalties.

Unlock the Benefits of our Professional Business Tax Services:

Maximized Savings: Benefit from deductible expenses, retirement account contributions, tax credits, and tax-efficient business structures. Lakeline Tax helps you retain more of your hard-earned money.

IRS Audit Shield: The IRS is vigilant, but with Lakeline Tax, you have a shield against audits. We have saved clients from costly penalties and fines.

Keep More of Your Money

Maximizing business tax savings is essential for any business looking to increase profits, lessen financial burdens, and even provide a cushion during difficult times. By taking advantage of deductible expenses, contributing to retirement accounts, utilizing tax credits, and creating a tax-efficient business structure, businesses can save money for other important expenses. Let us help you handle the rest! 

The IRS is out to get small business owners, and without proper guidance and the right tax accounting partners, you are losing money! 

We help small business owners save money on taxes and increase their bottom line through our structured, fixed-fee monthly bookkeeping services. We offer tax savings through advanced tax strategies and planning. The strategies we use have withstood the test of time through IRS audit and scrutiny.
 
Using advanced tax strategies and tax planning to ensure you receive all the credits you qualify for and can help you avoid filing an extension or amendment, or paying penalties and interest, we’ve saved clients hundreds of thousands of dollars.
 
Make Sure You Never Miss a Deadline Again

The IRS, as well as state and local governments, impose strict deadlines for business tax obligations. Missing these tax deadlines and failing to comply with payroll and sales taxes negatively impacts your bottom line and may result in fines for non-compliance.

As your trusted advisor, we make sure you stay on top of your tax obligations and avoid penalties and fees that reduce your profitability.

Click here to read our blog on the major benefits of tax preparation services that can bolster your small business.

Our Business Tax Preparation Services:

  • S-Corps (Form 1120S), Partnerships (Form 1065), and Sole Proprietor (Schedule C)): Optimize your business tax strategy with our expertise in S-Corps (Form 1120S), Partnerships (Form 1065), and Sole Proprietors (Schedule C). Our specialized services ensure accurate filings tailored to your business structure, maximizing deductions and minimizing tax liability.

  • Tax planning and consulting: Enhance your business financial strategy with expert tax planning and consulting. Tailored to your specific industry and goals, our team offers strategic insights to optimize your tax position, identify opportunities for savings, and provide ongoing consulting for tax-efficient business growth.

  • Estimated tax payments: Stay ahead of your business tax obligations by utilizing estimated tax payments. Navigating the process of estimating and remitting taxes on time, our expert team streamlines financial planning, ensuring compliance and peace of mind as you meet quarterly tax responsibilities throughout the year.

  • Filing amended returns: Correct and optimize your business tax history by filing amended returns. Guiding you through the process, our expert team ensures accurate documentation and compliance with tax regulations, rectifying errors and securing a solid financial standing for your business.

  • Filing extensions: Gain flexibility in meeting your business tax deadlines through filing extensions. Our expert team understands the dynamic nature of business operations. Trust us to manage the extension process efficiently, providing you with the extra time needed to ensure accurate and compliant tax filings.

  • Filing payroll returns (940, 941, etc.): Streamline your business payroll tax obligations with our expert payroll returns services, covering forms such as 940 and 941. Our dedicated team ensures accurate and timely submissions, helping you navigate the complexities of payroll taxes effortlessly.

  • Compliance with local, state, and federal regulatory requirements: Ensure seamless compliance with local, state, and federal regulatory requirements for your business. Our expert team specializes in navigating the complexities of regulatory frameworks, providing comprehensive support to safeguard your operations and financial well-being.

  • State and local tax consulting: Optimize your business’s tax position with specialized state and local tax consulting. Our expert team offers strategic insights tailored to the specific tax regulations of your location

  • Preparation of quarterly and yearly business tax returns: Streamline your business tax obligations with our expert preparation of quarterly and yearly tax returns. Our dedicated team ensures accuracy and timeliness in filing, providing comprehensive support to navigate the intricacies of business taxation.

  • Evaluation of entity structure and setup: Enhance your business efficiency with expert evaluation of entity structure and setup. Our team specializes in assessing the most advantageous business configurations, considering factors like taxes and legal implications.

  • Multi-state tax preparation for businesses: Navigate the complexities of multi-state taxation for your business with our specialized preparation services. Our expert team ensures accurate and compliant filings across different state jurisdictions, optimizing your tax strategy and minimizing liabilities.

  • Quicker tax refunds with E-file: Experience faster tax refunds through our E-file services. Our streamlined electronic filing process ensures quicker processing, accelerating the return of funds. Trust us to maximize efficiency and speed, providing you with a hassle-free experience and faster access to your well-deserved tax refunds.

  • Year-round tax management – With our broad range of forward-taxation plans and all-year support, you can stay focused on building your business.

  • Greater wealth over time – By keeping more invested in your business through tax savings, you can benefit from growth to build more wealth.

  • Accuracy – Your expert accountant is highly experienced in filing all the necessary business forms and will take the workload off your shoulders. 

  • Expertise – Our accountants are all Certified QuickBooks ProAdvisors and IRS Enrolled Agents with more than 20 years of experience.
  • Security – We understand how important your personal data is, so we use the highest level of data encryption (as most banks use) to protect your information.

  • Simplified tax prep – Our goal is to make the filing process as easy as possible through our secure portal. Your accountant works one-on-one with you throughout the process to ensure your complete satisfaction.

Real Estate Industry Specialists

Many people are interested in investing in real estate. Before you invest, ask yourself, “do I know about real estate tax law and how to handle my real estate tax filings?” Real estate tax laws can be complicated and our tax advisors can help you understand the tax laws related to your properties.

It’s important to stay on top of your taxes. Proper preparation can make things much easier when it comes time to file your taxes. Our real estate industry specialists can help you throughout the preparation and filing process to ensure your taxes get done right.

Depreciation Practices

You know what sounds good to everyone? Paying less taxes! Here at Lakeline Tax, we’ve simplified the process for real estate investors looking to maximize their depreciation practices. Our Enrolled Agents understand the subtleties of U.S. tax law so you can get back to spending time on what’s important, such as developing your property. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Our Enrolled Agents are here to make your life easier.

At Lakeline Tax, we offer tax planning services for businesses at every stage. For new businesses, implementing the right tax strategy from the beginning can make all the difference in profitability later on, so we create short and long-term tax plans that encourage sustainable profitability and growth.

We will review your current structure, utilize the latest accounting practices and audit methodologies, recommend any changes needed to mitigate risk, and stay complaint with the IRS to improve your profits. No matter what stage your business is in, we’ll be sure it’s positioned to take advantage of all tax deductions allowed under state and federal law. We watch for any revisions to tax legislation that might benefit our clients and make sure they take advantage of the savings they deserve.

Business owners often need someone who understands their business well enough to give tax-related advice. We provide all of these services with the same dedication that we bring to our own business.

Clients choose our expert tax preparation and planning services because we specialize in optimizing their tax situation for optimum financial success. With a keen focus on understanding each client’s unique financial landscape, we tailor our strategies to ensure they achieve the best possible outcomes. By meticulously analyzing deductions, credits, and tax laws, we navigate the complexities of the tax code to maximize benefits while minimizing liabilities. Our approach isn’t just about minimizing taxes—it’s about finding the optimum balance that preserves wealth and fosters long-term financial growth. With our expertise and dedication, clients trust us to optimize their tax strategies for maximum benefit and peace of mind.

When you become our client, you are paying for a tax preparation service that will pay you back. Most of our clients experience tax burden relief, as well as time saved and peace of mind. Our fees are often paid back through the reduced tax liability you will enjoy as part of our planning and legitimate tax savings strategies.

We offer affordable small business tax preparation, payroll, and other business services to help you and your business succeed.

For many of us, income taxes are the biggest single expense that we have in our lives, yet we don’t make an intentional effort to legally cut our tax bill. While we might try to get good deals on tangible items, such as clothing, we don’t think about how to legally discount our tax bill. Our business is different in that we concentrate and work with small business owners to provide tax planning services. Our firm specializes in helping your business maximize profits and pay the least amount of taxes legally possible. We also pay close attention to asset protection and we can help with incorporations and entity restructuring services.

Additionally, through working with Lakeline Tax, you are granted peace of mind knowing that a professional enrolled agent is handling your taxes. Making mistakes can be very costly in terms of missed deductions or triggering an IRS letter or audit. An IRS-certified enrolled agent can help eliminate errors and ensure your returns are prepared correctly. You benefit from money-saving tax planning.

What are the benefits of working with a tax professional?

Tax consultants keep up with tax laws at the local, state, and federal levels, something that you may find hard to do.

If you own a business, filing your taxes can be daunting, especially when you factor in things like sales taxes, which have to be returned several times annually. Trying to file your own taxes may save you money short-term, but will harm you long-term, especially as your business grows.

With a professional tax advisor, you’ll have a better understanding of your tax deductions and you will be given advice about making strategic investments that will help you avoid tax liabilities. An expert tax consultant will not only advise you on how to effectively save on taxes, but also improve your financial portfolio.

You’d be surprised at the number of people fined for making tax mistakes or penalized for not filing on time. With a tax consultant, you don’t have to go digging up all your files and double-check that everything is correct because they’ll do all that for you on time. This means you can place your focus on your business.

Generally, a small business is not required to have a certified public accountant, or CPA. A CPA would be needed if the small business must have its financial statements audited or reviewed to obtain a bank loan, apply for a grant, bid on a job, or some other unique requirement.

Charges for preparing quarterly and year-end business taxes vary depending on the complexity, size of the firm, and the kind of business. Fees for preparing monthly, quarterly, and annual payroll tax forms are usually included as part of a payroll service. Income taxes for a sole proprietorship with no employees are filed as part of the owner’s personal income taxes.

Roughly estimated, hourly rates run from $100-$400 for small and medium businesses. Generally, a fairly simple income tax return for a partnership, corporation, or sole proprietorship with few or no employees starts around $600-$1000 and can go up to $1,500-$4,500 or more depending on the complexity.

Real estate tax laws can be complicated and our tax advisors can help you understand the tax laws related to your properties. It’s important to stay on top of your taxes. Proper preparation can make things much easier when it comes time to file your taxes. We can help to simplify the depreciation estimation process for your real estate business to maximize legally allowed depreciation.   

We work with real estate developers, investors, and small business owners of virtually all types. This includes single-family, multifamily, and commercial investors of all sizes. We’ve worked with clients with just a handful of properties to clients with dozens of properties.

Small businesses, in general, are nearly ten times more likely to be audited than individuals who don’t own businesses. The more money you make, the greater your chances of being selected for an audit. The real question is when you are audited, will you survive it? Is your tax preparer capable of representing you if you are audited? Lakeline Tax will be here for you, and we are qualified to represent you in front of the IRS.

Unrivaled Expertise: Our IRS Certified Enrolled Agents possess a deep understanding of tax laws and regulations. We are not just tax preparers; we are strategic partners in minimizing tax liabilities.

Authority in Tax Planning: Lakeline Tax is a recognized authority in tax planning. We go beyond compliance and help businesses make informed financial decisions that yield long-term benefits.

Trusted by Businesses: Our customer testimonials speak volumes about the trust businesses place in us. We maintain transparency and integrity in everything that we do.

We constantly update our knowledge and keep ourselves current with the latest tax laws and develop new techniques to save our clients the most money on their taxes. Click here to check the Credentials and Qualifications for Tax preparation experts.

Lakeline Tax provides tax preparation services for everyone including Self-Employed Tax ReturnsIndividual Tax Preparation, Partnership & Corporate Taxes, Bookkeeping, Tax Planning, and Tax Resolution, serving Austin, Cedar Park, Leander, Liberty Hill, and surrounding cities, along with all 50 states. We utilize QuickBooks and are certified QuickBooks ProAdvisors. Get more done with us.