Business Tax Preparation
Business tax returns for every common entity type, filed on time by Tommy Fairbank, CPA, with an eye toward lowering next year's bill.
How Tommy helps
Business returns are where small mistakes become expensive: missed deductions, incorrect K-1s or state filings that slip through the cracks. Tommy prepares your federal and state business returns, reconciles them to your books and makes sure owners receive accurate K-1s in time to file their personal returns.
Because Tommy also prepares individual returns, he looks at your business and personal taxes together. That is often where the biggest savings are, from choosing the right entity type to setting a reasonable salary as an S corporation owner.
What's included
- S corporation returns (Form 1120-S)
- C corporation returns (Form 1120)
- Partnership and multi-member LLC returns (Form 1065)
- Sole proprietor and single-member LLC schedules
- Owner K-1s
- State business filings, including VA, MD and DC
- Entity selection and S corporation election advice
- Prior-year catch-up and amended returns
Who this is for
- Owner-operated small businesses
- Professional services firms and consultants
- Real estate and investment partnerships
- Startups filing their first business return
How it works
Call or email
Schedule a free, no-obligation first conversation about your situation.
A fair quote
Receive a written scope and fee before any work begins.
Ongoing support
Tommy handles the work and stays in touch year-round.
Common questions
When are business tax returns due?
For calendar-year businesses, S corporation and partnership returns are generally due March 15 and C corporation returns April 15, with extensions available. See the Key Tax Dates section on the homepage for the current year.
Should my LLC be taxed as an S corporation?
It depends on your profit level, how much you would pay yourself as salary and your state. An S corporation election can reduce self-employment tax for many profitable businesses, but it adds payroll and filing costs. Tommy will run the numbers for your situation.
My books are behind. Can you still prepare my return?
Yes. Tommy can clean up or catch up your bookkeeping first so the return is built on accurate numbers.