Personal Tax Return
We’ll handle the preparation and filing of your 1040 tax return accurately, compliantly, and with a sharp eye on every deduction and credit you qualify for.
businesses formed
business taxes filed
business credits/mo.
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Our tax consultants will walk you through creative strategies that could reduce your taxable income and save you thousands.
Stay compliant, minimize tax burdens, and take advantage of every opportunity with year-round tax planning support—plus secure e-filing and a digital storage account for easy document sharing.
We’ll handle the preparation and filing of your 1040 tax return accurately, compliantly, and with a sharp eye on every deduction and credit you qualify for.
We’ll file your business return with care and precision, customizing it to your entity type and uncovering opportunities to boost your tax savings.
We’ll review IRS or state tax letters and recommend the best course of action based on your situation. Additional fees may apply.
Whether you need more time or want a faster turnaround, we'll tailor your tax filing timeline—with an extension or expedited processing—to fit your schedule.
Wrap up the year with confidence. In this strategic meeting, we’ll review your finances and identify smart moves to minimize your tax bill before year-end.
Gain access to our educational video series, Facebook support group, organizer templates, welcome webinar, and more—all designed to help you feel confident year-round.
Get a welcome call with your personal tax professional plus unlimited email support—so you always have expert guidance just a message away.
If the IRS comes knocking, we’ve got your back. We’ll guide you through the process, help you respond confidently, and support you every step of the way.
We’ll manage and file payroll for your single-member S-Corporation on a quarterly basis, ensuring compliance with tax laws and avoiding penalties.
A tax deduction lowers your taxable income and reduces your tax liability. You subtract the amount of the tax deduction from your income, making your taxable income lower. Once you have an LLC formed, you become eligible for more than 250 tax deductions. Every business is different but common deductions include your internet bills, phone bills, a portion of your rent/mortgage, vehicle mileage, gas, home office equipment and so much more!
Yes! With the LLC put in place and legal tax status defined in your operating agreement, your initial investment is now 100% tax deductible as a legal business startup expense. Our corporate advisors will help you understand how any initial investments made with PRIME, or any other training and education programs, can also be written off.
Common deductions include expenses for home office deductions, business travel and meals, internet and phone bills and health insurance premiums. Additionally, self-employed individuals can deduct contributions to retirement plans and health savings accounts. Some common credits include the Earned Income Tax Credit and the Child and Dependent Care Credit.
For most businesses, the deadline for filing income tax returns is March 15th of the following year. However, if your business operates on a calendar year basis, the deadline is April 15th. It is important to note that these deadlines can vary depending on your state and any extensions you may have applied for.
If you fail to file your tax return or pay your taxes by the deadline, you may be subject to penalties and interest charges. These penalties can add up quickly and can result in substantial amounts owed to the IRS or state tax agency. In some cases, failure to pay or file taxes can even lead to legal action.
The forms you need to file for your business taxes will depend on the type of entity you have and your tax situation. Some of the most common forms for business taxes include Form 1120S for S-Corporations, Form 1065 for partnerships and LLCs taxed as partnerships and Schedule C for sole proprietorships. Additionally, your business may be required to file other forms such as Form 940 for unemployment taxes, Form 941 for payroll taxes and Form 1099-MISC for reporting payments made to contracts. Schedule a complimentary call with PRIME if you need help from a tax professional to ensure that you are filing all the necessary forms for your business taxes.